20 September 2016
Bosses are divided on whether staff morale will suffer following Brexit, with 48 percent of respondents to a recent survey believing it will and 51 percent expecting no change, despite 74 percent of organisations believing employees are at least ‘somewhat concerned’ by the impact of the vote. Though the majority of companies (82 percent) believe it is their duty to keep employees informed of the potential impact of Brexit on their organisations, few (11 percent) have started communicating openly. The report by Mercer, Planning for Brexit – Talent Implications, also suggests the while the true impact of potential changes to immigration policy remains unknown so far, talent availability is being seen as a top long-term challenge. Over half (58 percent) of companies think their workforce plans will change in the longer term and the majority (66 percent) anticipate a stronger focus on developing and promoting talent from within to compensate for a possible lack of access to wider talent pools.
Over a quarter 28 percent foresee changes to their workforce structure as a result of the UK leaving the EU and 11 percent of participants anticipating, at this stage, that some jobs may move from the UK to other locations.
“Concern over the loss of access to and retention of the EEA/EU workforce has created a stronger focus on recruiting from within the UK and on improving development programmes for existing staff,” said Mark Quinn, Head of Mercer’s UK Talent business.
“There is always a natural tension between waiting to understand what impact external factors have on labour demand and the time it takes to develop and obtain talent with the right skills.”