What’s next for Brexit?
Since the referendum and decision to leave the EU almost one year ago, there has been little progress towards understanding exactly what the longer-term implications of Brexit will mean. Secondsight research shows that HR expect their strategy to be impacted.
Brexit – the shorthand for the UK’s departure from the European Union – has divided the country’s opinions, put politicians out of jobs, and caused more inter-family tensions than almost any other recent political vote.
The referendum, held on the 23 June 2016, resulted in a 51.9% ‘leave’ majority, with more than 30 million people voting. While the vote continues to be a source of criticism and conflict among the Leave and Remain camps, Prime Minister Theresa May has been clear: “Brexit means Brexit”, and triggered Article 50 on 29 March 2017, which allows the leave process to start.
Now that this has been done, the UK has two years to negotiate withdrawal from the EU – and employers must use this time to consider what it may mean for them.
Headline figures from research by Secondsight show that two-thirds (62%) of HR professionals expect the decision to affect their HR strategy, and the uncertainty is leading them to take a more cautious approach to recruitment, with 37% opting not to hire over the coming year.
The research also shows that 35% believe the vote will affect profits, and a further 43% expect an increase in costs.
Read the article in full from Reward Guide here.