Brexit bashes UK recruitment
Supply shock has slammed British firms who are struggling to recruit staff. The number of applicants per job vacancy had slipped since last year across all skilled positions, forcing companies to up salaries, according to a business survey conducted by the Chartered Institute of Personnel and Development and Adecco.
Recent government figures show that the number of citizens heading to the UK from other EU countries has tumbled to the lowest level since 2013 as Brexit bites. This has led to recruitment and retention issues, especially in those sectors that depend heavily on non-British labour.
The CIPD says around half of organisations with recruitment issues have had to up salaries in response to the supply shock.
“With skills and labour shortages set to worsen further against the backdrop of rising talk of a no-deal [Brexit] outcome with the EU, the need for the government to issue consistent, categorical assurances about the status of current and future EU citizens, whatever the outcome of the negotiations, is more important now than ever,” says Gerwyn Davies, senior labour market analyst for the CIPD.