Call us on
0161 941 2426

HR NEWS ROUND-UP February 2019

Posted On: 28/02/2019

Deal or no-deal? While this question remains unanswered, uncertainty concerning the employment landscape remains a major issue for UK businesses. 

This uncertainty is causing pressure and presenting new challenges to organisations, but at times of change there can also be opportunities.  Workforces are at the heart of every business and this will not change, so now is the perfect time to get to know your employees even better and focus on creating an enviable workplace culture.  It’s critical to start analysing and planning for the changes ahead and engaging with your teams to remain ahead of the game when it comes to retention and recruitment. 

Relocation, relocation, relocation

An Institute of Directors (IoD) survey revealed that 16% of company directors were making plans to move some or all of their business abroad in the event of a no-deal Brexit [1].  Many others have recently publicly expressed their fears concerning their profitability posed by remaining in the UK if a deal is not struck.

Edwin Morgan, IoD interim director general said: “The sectors where most firms were making relocation plans were manufacturing (41%), information and communications (46%) and professional, scientific and technical (41%).  Planning in the financial sector was most advanced with 17% having already relocated part of their operations abroad and 14% either considering or planning a move.”

For hundreds of years, London has held the title of being the world’s financial capital but now many of the banks are looking for new EU headquarters [2]. Barclays Bank, BlackRock and JPMorgan Chase have announced that they will join the Bank of America and Citigroup in sending thousands of their UK based employees to Europe.

Attracting talent

The UK hasn’t left the EU yet but already there has been a noticeable impact on the country’s talent pool.  Businesses are having to get creative to improve their retention strategies as competition increases.

A recent LinkedIn report has revealed that 39% of UK recruiters have found that EU candidates are reluctant to move to the UK due to the current political volatility.  As a result, it’s crucial that companies create a resourcing plan together with strategies to manage the situation, in particular industries who rely on an intake of EU workers such as British agriculture and healthcare sectors.

Support

Brexit anxiety is certainly on the increase in the workplace as not even the experts know what to expect at the end of March. Here’s what you can do to relieve some of the stress:

Impact on HR

All businesses, together with their HR teams, should be preparing for both a deal or no-deal scenario.  No-one can predict what will happen on 29 March 2019, but recent news has eluded to the fact that a no-deal is looking more plausible. 

With imminent changes ahead, companies will witness an increase to their HR department’s workload.  Let’s look at what’s likely to be introduced: 

Now may be a good time to consider outsourcing some or all of your HR functions.

We’re Here To Help

We’ll be keeping a close eye on immigration rules and employee legislation after Brexit to continue to support you through this unsettling and stressful time.

If you need our experienced team of HR professionals to help you with any of your contingency plans or to give your retention policy a spring-clean please call us on 0161 941 2426.

[1] Personnel Today

[2] Atomic Hire

[3] MHR

Get In Touch

What Our Clients Say

“"Since using P3PM I have found that they have been keen to understand how our business operates in order to tailor the HR Services to our needs and requirements. It has allowed me the opportunity to have additional support for more complicated HR situations." ”

Paul Knight, Ballast Phoenix

Read Our Latest Blogs

Mediation – don’t hesitate to mediate

Posted On: 09/10/2019

No business is immune to conflict. When disagreements and differences break out in a workplace the impact can ripple through the workforce causing negativity and can prove costly if not acted upon;

Read More > >

Data Subject Access Requests (DSAR) and Data Security

Posted On: 01/10/2019

In all aspects of our lives there are things that fill us with dread. For a manager or member of your HR team this could be a DSAR. Our advice would be;

Read More > >

Subscribe to our HR News updates

Get the latest updates from P3 and great advice on how your HR can be improved.

To Top