Brexit: Three quarters of HR professionals expect War for Talent to escalate

New research indicates that almost three quarters of HR professionals believe the UK’s decision to leave the EU will increase competition for well-qualified individuals and heightens the need for organisations to be smarter about hiring.

Nearly two-thirds (61%) of respondents predict further difficulty recruiting senior and skilled employees over the next three years.

CIPD/Hays latest Resourcing and Talent Planning survey asked more than 1,000 HR professionals about their Brexit employment expectations, and discovered that 75% are already reporting difficulties while nearly two thirds (65%) agree that skills needs for jobs in their organisations are changing.

The need for professionals with leadership (58%), digital (54%) and commercial awareness skills (51%) are most likely to increase in demand over the next 12 months.

Conversely, and despite the recognised need for smarter and more targeted recruitment, just 16% report that their organisation measures the ROI of their recruitment activity. As competition for skills hits record levels and despite turnover being at its highest level since 2007, over half also report that organisations aren’t counting the cost of people leaving the business.

The research also highlights the need for organisations to develop their reputation as an employer of choice. And while 89% report investing in their employer brand in the last year, 41% feel hampered by the length of their recruitment process.

Claire McCartney, Associate Research Adviser at the CIPD, comments: “Today’s research highlights a mounting war for talent and the subsequent need for organisations to sharpen their focus on strategic recruitment and effective retention. Brexit, and its impact on the labour market, should act as a stimulus for organisations to focus their attention on building a stronger, more productive workforce, by staying alert to potential changes in their skill needs and being agile in their response”.

Nigel Heap, Managing Director of Hays UK & Ireland, said: “As we move towards an EU exit, organisations should consider reviewing their recruitment strategies to help them secure access to the right talent. Although we are still faced with some on-going uncertainty, most sectors remain competitive so now isn’t a time for complacency.

“Organisations need to have an integrated talent strategy in place to support a targeted and measured approach to recruitment. With the skills required for roles changing and an emphasis on strong leadership, digital and commercial awareness skills, providing professional development and training is key to improving retention and helping to fill skills gaps.”

The Resourcing and Talent Planning survey is available for download here.

Tuesday, 6 June 2017

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