What’s next for Brexit?
Since the referendum and decision to leave the EU almost one year ago, there has been little progress towards understanding exactly what the longer-term implications of Brexit will mean for UK employers and their people. Our employee benefits brand, Secondsight, conducted some research which shows that HR professionals do expect their strategy to be impacted.
Secondsight‘s research shows that two-thirds (62%) of HR professionals expect the Brexit decision to affect their HR strategy, and the uncertainty is leading them to take a more cautious approach to recruitment, with 37% opting not to hire over the coming year.
The research also shows that 35% believe the vote will affect profits, and a further 43% expect an increase in costs.
The potential economic impact must also be weighed alongside an increased administrative burden and lack of time when it comes to HR planning in 2017.