Sectors at risk of losing staff due to migration policy changes

 

Some sectors of the UK economy are at risk from changes to the UK’s migration policy due to their reliance on EU and non-EU migrant workers.

This is according to the latest edition of Mercer’s Workforce Monitor, which showed the accommodation and food services, manufacturing, and transport industries have, respectively, 33%, 23% and 20% of their workforce made up of non-UK-born nationals.

The research also showed 18% of staff in the financial services sector are EU and non-EU workers.

According to Mercer, companies should adopt five core strategies to help mitigate the impacts of demographic change and migration limits.

These include ‘buying, building and retaining’ staff, and diversifying their employee base to hire from sectors of society that may be under-represented in work. Additional measures include automation, the relocation of operations or, more drastically, ceasing business operations in the UK. 

Gary Simmons, partner at Mercer, said: “Since 2013, the UK-born workforce has been declining as people retire and we can see how reliant certain industries are on overseas workers filling the gaps. The UK is likely to impose more stringent migration controls in the future and this will reduce the number of overseas workers available.

“While we have focused on 11 industries in this report, the fact is that every company in every sector in the UK will be competing for a reduced pool of available workers. Problems in one sector will impact on a variety pf others, so organizations need to understand the make-up of their workforce, the risks and plan how to address this challenge.”

Wednesday, 22 March 2017

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