Third of HR say Brexit will impact profits
Today (29 March) the Prime Minister triggers Article 50 to begin the UK’s exit from the European Union, and a new piece of research claims that almost two thirds (62 percent) of HR professionals expect this to impact their HR strategy and more worryingly, over a third (35 percent) say that the leave vote will impact the profits of their business.
According to the research from employee benefits specialist Secondsight, 37 percent have opted not to hire over the coming year, and 39 percent agreed that recruiting the right people into their business will now be more difficult than before the decision to leave was made. However, on a more encouraging note, 95 percent of the HR professionals surveyed will see their budget rise in 2017, and 18 percent plan to introduce new benefits in the year ahead.
Commenting on the findings, Ian Bird, director of business development at Secondsight, said: “There’s no doubt the leave vote sent shock waves through many organisations, and the uncertainty brought by this has clearly had an impact on HR and their strategy, as our research suggests”.
Read the article in full from Workplace Insight here.
Read more as featured in Payroll World here.