Is Brexit having a negative impact on access to talent?
Can the UK sill have access to the worlds biggest market while taking a hardline on emigration?
The latest survey from the Recruitment & Employment Confederation (REF) has revealed that business confidence in the future of the economy is at its lowest since the Brexit referendum. Employers are also expressing concern over their future ability to find the talent they need in an era of record high employment across the country and a shrinking pool of workers arriving from the rest of the EU.
Kevin Green, REC chief executive, commented, “Employers are worried about how they will fill vacancies in the future. There are now just 1.9 unemployed people for every vacancy, and net migration from the EU is falling, which means the pool of people available to employers is shrinking.
Free movement rules will no longer apply after March 2019 -according to Brandon Lewis. The Emigration Minister recently spoke to the BBC on this matter:
"Free movement ends when we leave the EU"
Companies are finding it notably harder to find good talent, despite significant salary growth in certain markets
Ann Swain, chief executive of APSCo said: “Net migration affects all aspect of flexible working, not just blue-collar markets, and the professional services side has historically also relied on migration for new talent streams. “For example, take engineering, IT and healthcare, to cite primary sectors – if we look at the likely levels of forward demand, the reduction in migrating talent is becoming a developing challenge both for employers and recruiters.” You can read more on this on the Independent Newspaper.
Freedom of movement is a redline issue for the EU
The impact of this? It is one of the 4 freedoms and Angela Merkel among others has made it clear that full access to the EU cannot be separated from the acceptance of the 4 basic freedoms on which the EU was founded. This includes freedom of movement of people - that is why this is so important.
Reducing net migration to Britain was one of the main reasons behind last year's vote to leave the European Union, but firms have expressed concerns they may not be able to hire the skilled and unskilled workers they need after Brexit.
The Guardian said the document had yet to be endorsed by Prime Minister Theresa May's top team of ministers.
"Put plainly, this means that, to be considered valuable to the country as a whole, immigration should benefit not just the migrants themselves but also make existing residents better off," the Guardian quoted the document as saying.
Ireland is remaining within the EU and will continue to encourage migrants from the 27 countries.
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