The jobs market continues to see a mixed set of headlines relating to Brexit. A faltering economy is blamed on the referendum result as Lloyds Bank announced plans to close 2,000 branches. On a more positive note, McDonald’s intends to recruit 5,000 more staff by the end of 2017 – and pharmaceuticals giant GlaxoSmithKline is investing £275m in its three UK operations. But the overall outlook remains tentative and employers are understandably cautious.
A CIPD/People Management survey found that 58% of employers believe Brexit will weaken their ability to hire and retain qualified employees. The continued absence of clarity over the rights of EU migrants to remain in the UK is exacerbating the uncertainty. As this is likely to persist for some time, HR can take action now to address future skills gaps.
Following our previous article on hiring in an unpredictable jobs market, here’s our advice for the long-term..