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Employees Stressed and Anxious Due to Brexit

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A third of British employees (33%) say that Brexit has already had a negative impact on their business, according to new research from Tiger Recruitment. According to the findings, uncertainty over the UK’s exit from the EU is leaving staff feeling more stressed and anxious (47%), while businesses have been unable to make decisions about the direction of the business (46%), start new projects (36%) or take risks (33%).

The research, carried out by YouGov, questioned 1,000 GB employees on their experiences and concerns around Brexit in the workplace. As the 31st October deadline looms and there is still no clarity over what kind of Brexit UK businesses can expect, the findings indicate that many companies are still not able to apply a ‘business-as-usual’ approach to work. In turn, this is impacting the behaviour and outlook of employees.

“It’s more than three years since the EU referendum, and while businesses have shown incredible resilience, they are crying out for certainty and stability in the political landscape,” says David Morel, CEO and Founder of Tiger Recruitment.

“Businesses and their employees have to be able to make big decisions, take risks, and experiment in order to grow. Yet, as things stand, Brexit is stopping them from doing this. We’ve reached a state of limbo, which is stifling innovation and growth.”

The study also reveals a high level of concern about what lies ahead, with nearly half of employees (46%) reporting that they are worried about the impact that Brexit will have on their employer’s business in the future and in turn how this will affect them. For those who are worried, job insecurity is the overriding concern, specifically the potential of stagnating wages (58%), job losses (56%) and fewer opportunities for career progression (30%).

“With the two Brexit factions both resolute in their positions and unable to compromise without losing face, it seems inevitable that the current limbo will go down to the wire,” continues Morel. “While I’m confident that businesses will remain resilient whatever the outcome, it is understandable that employees are feeling worried and insecure about the future. Employers must address this issue head on by placing extra focus on employee communication and motivation, to help allay these fears and keep employees engaged throughout the uncertainty.”

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During Nathan’s early career, he gained considerable experience from across many industries including Sales, Teaching and Retail, however more recently Nathan has delved into the world Digital Marketing and Publishing. Drawing on his past experiences, Nathan brings all aspects of his knowledge into Recruitment Buzz, possessing great research and social media skills.

Born and bred in Wales, Nathan is as Welsh as they come – living in the heart of the Valleys, Nathan proudly takes place as our resident Welsh speaker. However, Nathan’s knowledge of global understanding exceeds the Welsh borders, having lived in London, parts of the US and Ecuador.

Nathan is a self-proclaimed geek, having gained a degree in Natural Science via the Open University in Wales. In addition to his passion for science, he has a love for technology, nature, art and of course football!

 

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