Brexit is influencing the trends in employment and workforce as well as perspectives and expectations of the market. Here is a compilation of important facts that would help management recruitment firms remain alert to possible changes in 2019, and ways to keep attracting and retaining the best candidates for various top vacancies.
There is a continued, robust labour demand, which is in keeping with official employment data; this indicates high employment. In addition, there is an increase in the proportion of employers looking to hire staff and those planning to reduce staff.
There is increased pressure on recruitment due to low unemployment, strong labour demand, and a sharp fall in EU nationals getting employed in the UK between the first quarters of 2016 and 2018.
On Employing EU Migrant Workers
With reducing labour and skills, employers do not find any interests to hire EU migrant workers.
On Job Security
Over half of the employers hiring EU nationals reported of an increase in the number of EU workers expressing insecurity about their jobs since Brexit.
On Recruitment Difficulties
To meet the recruitment challenges, half of the organisations raised starting salaries. And a similar proportion of those experiencing difficulties in retaining staff increased salaries in certain positions.
Importance Of Workforce Planning And Development
The prevailing scarcity of available skills and labour, and further reduction post Brexit means there is a need for workforce planning and development. However, half of the private sector organisations and a good proportion of public sector organisations were working on upskilling their existing workforce to meet possible skill shortage.