Britain's employers are more cautious about hiring since the nation voted to leave the European Union. Our latest Labour Market Outlook in partnership with Adecco Group reveals that the number of employers expecting to increase staffing levels has dropped by 4% following the Referendum. The fall was significantly sharper among private sector employers, showing clearly that some organisations are preparing to batten down the hatches.
Our survey also found that many employers expect Brexit to have a significant negative impact on costs and business investment decisions with one-in-five (21%) employers predicting they'll reduce their investment in training and skills. Additionally, 33% of employers expect Brexit will have the effect of increasing their costs.
This report gives one of the first indicators of employer intentions post-Brexit.
Championing better work and working lives
About the CIPD
At the CIPD, we champion better work and working lives. We help organisations to thrive by focusing on their people, supporting economies and society for the future. We lead debate as the voice for everyone wanting a better world of work.