Last week, PM Theresa May struck a last-minute deal with the EU, finally moving Brexit negotiations into their next phase - but what, if anything, does this first deal mean for recruitment?
Well, part of the deal includes a protection on the rights of EU citizens living and working in the UK, with Theresa May adding that their rights will be “enshrined in UK law and enforced by British courts.”
On the surface, this assurance should be fantastic news. However, current figures are indicating that the UK is experiencing the highest level of EU emigration since 2008, with net migration falling by the largest amount since records began.
The Recruitment and Employment Confederation (REC) commented: “The news that more people from the EU are leaving the country and fewer are coming to the UK will be a concern for employers and should be a concern for the government.”
However, according to a recent study conducted by Indeed, the UK is still the most popular country amongst Europeans who are looking for work abroad. But since the Brexit vote, the UK’s 31.8% share of European cross-border job searches in the first nine months of 2017 was almost 15% lower than during the same period of the previous year.
This news will obviously bring with it a feeling of mixed emotion for those recruiters who take on candidates from our European neighbours, and for now, only time will tell how the industry will be affected as a result of Brexit.