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The EU Referendum – Considering the Impact on the Recruitment Industry

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In recent weeks the world’s media has been rife with discussion around the EU referendum and potential ‘Brexit’ – the UK leaving the EU. With the date set – 23rd June 2016 – for votes to be cast, what are the potential implications for the recruitment industry?

Originally started after World War II with a view to help economic co-operation and trade, many companies are now reviewing the impact leaving the EU may have on their business. Within the recruitment industry there could be a wide range of implications and we have provided a run-down of some of the potential areas of impact, including geographic mobility, skills shortages and compliance.

Geographic Mobility

Between April 2014 and March 2015, the UK’s 20,700 yearly cap of skilled migrant applications was reached almost every month according to research. Geographic mobility plays an important part within the recruitment industry, with EU residents currently being able to freely move throughout EU countries to use their skills in roles irrespective of location. This in turn, opens up more candidates for recruiters looking to fill roles – particularly within the service sector.

SOURCE: onrec.com