Brexit to cause hiring slump, recruiters warn

Recruitment activity across the UK is highly likely to slump following the result of the referendum to leave the European Union, key bodies in the recruitment segment have recently revealed.

Key bodies said the uncertainty caused by the decision could hit the economy and put employers into preservation mode, with hiring intentions likely to plunge in the short term as decisions are postponed amid economic turbulence.

There is already evidence that financial institutions in particular are making immediate restructuring plans, and that agencies specialising in interim staff are expecting a sharp upturn in demand for their services.

Recruitment & Employment Confederation chief executive Kevin Green said he expected a broad contraction in hiring activity. “The vote to leave the EU is likely to usher in a challenging period for British business and for the UK labour market in particular,” he said.

“Our data showed a slowdown in hiring as we approached the referendum. We expect to see this period of uncertainty continue.”

Green urged the government to help employers while the UK was negotiating its exit from the EU. “During this time, the government needs to do everything possible to help businesses grow and create jobs,” he said. “That involves outlining a timetable of renegotiation to help organisations make informed strategic decisions.

Time and Attendance UK – helping companies mitigate the effects of unexpected changes

Every company, regardless of its size and scope, that undergoes such massive changes in its organizational structure should first and foremost implement a very solid and reliable workforce management system, capable of coping with the challenges of adding and removing so many employees from the firm’s ranks.

Time & Attendance UK is a market leader in Time and Attendance and Access Control solutions, offering companies an extensive set of tools enabling them to manage their workforces in a very effective manner.

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Additionally, our software allows companies to easily store details for up to 2000 employees, and also offers a couple of additional interesting features, such as payroll and absence summary support, job booking and Fire Roll Call, shift swapping and premiums, etc.

If you want to find out more about the range of solutions provided by Time and Attendance UK, our dedicated team will be more than happy to answer all your questions.