Demand for Talent Still High as Brexit Approaches
If there is one thing that Brexit has done over the last couple of years, it’s divide public opinion. Everyone seems to have something to say about it, from how it will affect the economy to what it will mean for our holidays. In the recruitment world, the question of how leaving the EU will influence hiring processes has been looming. Some have been concerned that visa restrictions will make recruiting from across Europe more difficult and could scare people off even before they come into place. So far, however, the future is still looking bright. Employment rates haven’t shifted much since the referendum or the triggering of Article 50. So, is it all going to be ok?
Stable Employment Rates
Since the vote to leave the EU in 2016, employment rates have remained fairly stable, and even increased slightly. The ONS puts the seasonally adjusted number at 74.4% in summer 2016 (July to September) and 75.5% in May to July 2018. The employment rate for EU nationals was 81.9% in January to March 2018, higher than the rate for UK citizens. Although there were fewer EU nationals employed in 2018 compared to 2017, non-EU national hiring numbers increased.
Demand for Market Research and Insights Talent
Jobs in Market Research and Insights, as well as the wider world of marketing, advertising and PR, have more vacancies than ever. In fact, the talent pool is struggling to keep up, and students and graduates are being actively encouraged to develop the vital skills needed for these roles. The UK research industry is the second largest in the world, generating around £4 billion each year. Competition for the best talent remains high, which is good news for anyone with market research and insight skills. Even if Brexit were to have a significant impact on the number of vacancies, they would still outnumber the people looking for jobs.
Businesses are still hiring, with not much change from previous years. One survey revealed that companies were slightly less likely to change their approach to hiring EU nationals in 2017 compared to 2016. Applicant numbers are high too, with more than half of employees saying they wanted to look for a new job at the beginning of the year.
Another key thing for both employers in the UK and applicants in both the UK and the EU to remember is that mobile working is increasingly being used as a solution. Business leaders worried about restriction of movement resulting from Brexit should keep this in mind. PwC has projected a 50% growth in mobile employees by 2020. Mobile working could help to bridge the gap between businesses in the sector and the talent they seek, and not only with employees around the world but in the UK too.
It’s important to remember that the UK is still an EU member until March 2019, so nothing is certain just yet. Predicting just how things will go isn’t easy, but everything is still looking positive for now.