The recruitment market remains in a state of uncertainty following the Brexit result with mixed reactions from employers. Here, we look at some of the latest headlines and how HR software can help you to maintain a sense of calm during a period of recruiting turbulence.
The latest headlines reflect the ongoing uncertainty:-
Slower hiring: The Association of Professional Staffing Companies (APSCo)’s latest report confirms that hiring for permanent jobs was slow prior to the EU vote, with downward pressure on wages. At the same time, a rise in the use of temporary and contract workers was recorded.
Sectors respond: HSBC is now ‘very unlikely’ to move 1,000 jobs out of London and Barclays has cancelled the crisis plans it put in place prior to the referendum. Similarly, Rolls Royce has stated that, as things stand, Brexit will not lead to job losses, restructuring or relocation. Sectors such as retail and manufacturing anticipate a less positive outlook. A skills shortage is expected due to their reliance on migrant labour according to the CIPD.