“Everyone’s tired of fretting about Brexit and just wants to get on with it, but there are still too many unanswered questions holding businesses back,” said Hakan Enver, Managing Director, Morgan McKinley Financial Services. “This is evidently showing in both jobs coming to market and those applying to them.”
The researchers discovered there had been a 20% decrease in professionals seeking jobs, month-on-month, and a 35% decrease in professionals seeking jobs, year-on-year.
“Clearly there is a lack of confidence for some in securing a new role; nobody wants to be told that, three months into a new job, it may be relocated abroad,” said Enver. “And more and more EU nationals are returning back to their home nations, therefore, reducing the overall numbers of people searching in the London markets.”
Employers are stuck in hiring limbo, according to separate research from The Recruitment & Employment Confederation. Among companies with over 250 employees, 47% reported not knowing if they will step up or reduce their number of agency workers in the next three months.
The study also found that, across the board, uncertainty has risen from this time a year ago with 18% of employers reporting not knowing about their medium-term plans for permanent workers, up from 10% in February 2017.
“Employment has been rising for the past year. However, we are now seeing that businesses are starting to feel hesitant about hiring," said REC Chief Executive Kevin Green.
Source: Recruitment Grapevine