A recent study carried out by the recruitment website Indeed, found that in the first quarter of 2017, job searches from the EU, in relation to jobs in the UK, were down by 18%. Indeed revealed that this was the sharpest decline that they had ever recorded. (The Business Desk)
Since the vote for Brexit, EU citizens are feeling less welcome, and this is reflected in the fact that there has been a decline in applications for jobs within the UK.
Ben Martin, the Founder of Brexit Tracker, a website which is tracking the effect that Brexit has had, and is having, on SME businesses, has said that, “If you’re an EU citizen, the weakened pound means you’ve now got to earn 15% more than last year to make Britain attractive.” (Recruiting Times) British SME’s will have to increase their pay rate for EU workers to be more interested as they are favouring jobs in their own countries where they feel more welcome.
SME’s (Small Medium Enterprises) are feeling the effect of Brexit, with the hospitality sector taking the hardest knock. They are finding it difficult to recruit the staff they need, and are having to reach out to recruitment companies to aid them in their search. The Federation of Small Businesses (FSB) has reported that 21% of small companies currently employ staff from an EU country, and 59% are worried about finding suitable staff in the future. Mike Cherry the FSB Chairman has said that, “EU workers are a vital part of our economy, helping to plug chronic skills gaps across a wide range of sectors, and filling jobs in an already tight labour market.” (BBC)
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