Home | The Impact of Brexit on Talent Management in the UK
As Brexit continues to reshape the economic landscape of the United Kingdom, one area that is facing significant challenges is talent management. The uncertainty surrounding Brexit has led to a number of changes in the way businesses attract, retain, and develop their workforce.
According to a recent study by the Institute for Employment Studies, 62% of UK businesses have reported difficulties in recruiting and retaining talent since the Brexit referendum in 2016. This has led to a shortage of skilled workers in key industries such as technology, healthcare, and finance.
Furthermore, the end of free movement between the UK and the European Union has made it more difficult for businesses to hire workers from EU countries. This has forced many companies to rethink their talent management strategies and invest in upskilling their existing workforce.
| Statistic | Percentage |
|---|---|
| Businesses reporting difficulties in recruiting and retaining talent | 62% |
| Decrease in the number of EU workers in the UK since Brexit | 30% |
| Increase in investment in upskilling programs by UK businesses | 45% |
With the talent pool shrinking and competition for skilled workers increasing, businesses in the UK are facing a challenging environment. Many companies are now focusing on developing internal talent pipelines, offering competitive salaries and benefits, and investing in training and development programs to attract and retain top talent.
It is clear that Brexit has had a profound impact on talent management in the UK, and businesses must adapt to these changes in order to remain competitive in the global market. By understanding the challenges and opportunities that Brexit presents, companies can develop effective strategies to navigate the evolving talent landscape.
Stay tuned for more updates on how Brexit continues to shape talent management in the UK.