While all countries have to deal with the pandemic-induced change in the job market, Ian Nicholas, global managing director at employment agency Reed, believes that Brexit is an aggravating factor and means that the U.K. is a forerunner of a worrying recruitment trend.
The break from the European Union has led to an “exodus” of lower-paid workers, with many industries – including construction, cleaning, manufacturing and hospitality – struggling to fill the vacancies, he added.
The deepening cost-of-living crisis is likely to make recruitment even more challenging. And it might mean organizations move abroad, Nicholas argues. “There must be a danger that some companies could relocate if they feel that they cannot attract and retain talent within the U.K. at remuneration levels that maintain their commercial competitiveness,” he said.
While business relocation is probably not currently front of mind for most leaders in the U.K., there are signs that other less extreme contingency plans and innovative recruitment schemes are on the agenda.
This article was first published on DigiDay’s future-of-work platform, WorkLife, in June 2022 – to read the complete piece please click HERE.