Brexit – Demand in UK Labor Market Strong Despite Uncertainty about Exit

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Despite uncertainties surrounding Britain’s membership of the European Union, demand for labor in Britain is strong, according to a survey released Monday.

According to a survey of more than 2100 companies by the Chartered Institute of Personnel and Development (CIPD), the largest professional association of human resource managers in the UK, and the world’s largest human resources provider, the majority of employers have not changed their jobs or layoffs plans. However, the uncertain economic outlook is beginning to make some sense as Brexit approaches the October 31 deadline, with fewer firms expanding over the last three months of the year, according to research.
“Labor demand continues to be strong, and because of the plentiful supply of labor from outside the European Union, many companies have had no problem filling jobs,” quoted a CIPD senior analyst in the Financial Times on Monday.
According to a June survey, employers in most sectors are still worried about recruiting and only a minority believe that it has become more difficult to fill jobs in the past year.
According to the research, the number of vacancies requiring medium or high qualifications has remained broadly unchanged recently. This, according to the CIPD, is likely to be due to an increase in the number of applicants outside the EU. Last year, for example, visa restrictions on doctors and nurses were relaxed.
However, the low-skilled workforce dropped from a median of 20 to 16 last year. According to the expert, this is due to the decreasing number of immigrants from the EU partner countries.

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