Brexit

People and talent: Shaping your future workforce

Patrick Gallen Patrick Gallen

With Brexit fast approaching the way we work is changing and poses many questions to the shape of the future workforce. In business, people are your greatest asset and in order to grow and succeed, it is of the utmost importance for employers not only to attract but retain top talent.

It is now less than twelve months until the UK officially withdraws from the EU and businesses should be busy planning how best to manage the inevitable changes that will come with the UK’s exit in March 2019. With much of the detail still unknown at this point, it makes planning for the future problematic, although one thing that is certain, major changes are coming!

The government has confirmed that EU nationals living in the UK will be safeguarded, but many employers are finding that, with the weakening pound and the uncertainty surrounding the rights of workers to remain in the UK after Brexit, some EU employees are feeling unsettled and are leaving the UK as a result. Now more than ever, it is vital businesses have plans in place to ensure that the skilled workforce needed to remain competitive in the post-Brexit economy are secured.

Organisations need to plan for their future resourcing needs; and employers need to consider the impact of any potential changes. Particularly, employers need to consider how they currently engage with workers; and how these practices might need to change. The cost implications may be significant; and raises the question of whether employers have the capacity to deal with the increased administrative requirements that will inevitably arise.

With the likely reduced access to EU labour, employers are going to have to work hard to both retain and attract employees with the desired skill sets. Employers should try to establish themselves as an ‘employer of choice’ by developing remuneration packages, benefits and incentive schemes to be as attractive as possible. They may want to consider providing assistance with citizenship applications and work permits, amongst other services provided in a post-Brexit world.

Alternatively, organisations can look inwards, to develop their existing talent or utilise automation, as a way of investing to meet future resourcing needs in a more streamlined and innovative way.

We are currently working closely with businesses and helping them prepare for Brexit. There is financial assistance provided by Inter Trade Ireland for local businesses seeking professional advice. Act now before it’s too late!