Brexit will have on an impact on grads and employers. It's a subject we cannot avoid. There is a sense that it will have a deep affect on our work in this area <recruitment> but what exactly this will be remains to be seen.
"One key concern is whether there is a recession after Brexit"
Tom Christodoulou, ISE Head of Memberships.
At this morning's #bnews19 Declan Curry (@declancurry) shared a political environment and macroeconomic update. "Today is the day we hit the pause button... if they reject the deal again, Theresa May will ask for a substantial delay - who knows what could happen.... could be a general election, reversal of article 50".
What does that mean for business? What affect is this uncertainty having? It's clear is that we must prepare for multiple 'cliff edges' and biggest change during the 19th century, according to CBI. "Even Philip Hammond cannot predict what will happen", Declan remarks. What we do see is that in general confidence has taken a nose dive, the Bank of England are holding back, consumers are cautious, house prcies are flaccid. The Global Economy is slowing - Trump's trade war is hurting the UK and China. Germany's manufacturing industry is falling.
However, Declan went on to reflect that whatever the outcome, business will continue.
"There is always opportunity for business who are nimble enough to adapt"
When opened up for discussion, Tom, Head of membership at the ISE shared that majority of concern about experienced hires 38% vs 17% for entry level talent. Raises the impetus on organisations to advance their entry level talent strategies and grow their own.
" There are some concerns about Brexit largely about access to specialist skills rather than sufficient labour supply".
This is the first of two posts on this topic. You can read the second here: Brexit, students, and recruitment.
Employers are more concerned about the impact of Brexit experienced hires, 38%, vs it's impact on entry level talent recruitment, 17%. Raises the impetus on organisations to advance their entry level talent strategies and grow their own.