UK BUSINESS STRUGGLE DUE TO BREXIT EFFECT
As indicated by a study of 2,000 employers, UK organizations are encountering “supply stun” as less EU residents are going to the UK for work and, along these lines, are currently attempting to fill opening.
Gerwyn Davis of the Chartered Institute of Personnel and Development (CIPD) stated that:
“The most recent official data shows that there has been a significant slowdown in the number of EU nationals coming to work in the UK over the past year”. Their research also showed that companies are being forced to raise wages as the number of applicants per vacancies across all levels of skilled jobs has fallen drastically since the summer of 2017.
Half of the organisations with serious recruitment problems have said that they have now increased starting salaries as a result of the drop. The number of people moving to the UK from EU countries is at its lowest level since 2013.
The net figure for long-term migration in 2017 was a mere 101,000. UK employers who have historically relied on non-UK workers to fill roles are now particularly vulnerable to the prospect of the upcoming changes to immigration policy for EU citizens.
Adecco Group, which participated in the research, said: “With Brexit looming, we’re seeing a talent shortage and a more competitive marketplace. In this candidate-short landscape the pressure is on employers to not only offer an attractive salary, but also additional benefits”.
Accordingly, an administration representative expressed:
“After we leave the EU, the UK will keep on being the open nation it has dependably been. We will have set up a movement framework that conveys control over who goes to the UK, yet that respects the brightest and best who need to buckle down and contribute”.