With Brexit ever-looming on the horizon, much is still uncertain about what Britain of the immediate future will look like. The UK hiring market has seen a direct impact, as a noted talent squeeze has taken effect. Companies, in particular technology firms, rely on talent that isn’t as readily available anymore, at least certainly not using the typical “tried and true” methods of the past. A study by CIPD and The Adecco Group shows that the number of EU-born workers in the UK increased by 95% less from 2017 – 2018 than in previous years.
Recruiters now are forced to look at new innovative routes to talent, as well as providing insights to hiring teams and clients as to how best to advertise themselves and attract new talent. One positive outcome is a new ability to push further workplace diversity and the growth of skills and training within firms, thanks to a tightened job market.
Equally, research shows that firms are in fact hiring less – or indeed, opening offices or moving parts of their business to the continent.
It seems that more and more, UK companies are racing to open offices across the continent in order to potentially protect themselves. Startups, in particular, seem to be focusing on Eastern Europe as locations that are both cheaper and carry less potential risk.
Countries such as Poland, Lithuania and Romania are the focus here, with countries changing regulations to attract UK businesses. These locations often also typically often strong language ability and high levels of education among locals, alongside lower employment costs than the UK, which can prove beneficial.
Even with Brexit directly impacting the jobs market, the British Chamber of Commerce (BCC) have conducted research showing that 60% of companies are yet to complete a Brexit risk assessment.