What does Brexit mean for job seekers and employees?
After formally triggering Article 50 on the 29th of March, the Prime Minister Theresa May said that Britain's departure from the EU is "an historic moment from which there can be no turning back". With the whirlwind of news and information flying around, it can be hard to make head or tail of it all.
Don’t worry! Whether you’re a job seeker, or currently employed and worried about future prospects, in this article we’ll look at what impact leaving the EU will have on the jobs market and for job seekers. It’s difficult to predict the precise effects that Brexit will have in the long term for jobs and employment, but it’s highly likely that there will be some major changes in the UK jobs market.
Will Brexit impact my career prospects?
It’s too early to tell what the exact result will be on the future jobs market, but latest statistics show that the UK labour market is continuing to grow, with unemployment falling to a 32-year low of 4.7%. In addition, a recent poll of 500 senior decision-makers from large companies shows two-fifths expect Brexit to have a positive impact on recruitment. Since the referendum in June 2016, the initial impact hasn’t been a negative one, and it’s important to remember that it will take a long time for Brexit to take effect, so in the short to medium term at least your career prospects are safe.
How about my working rights and salary?
Workers’ rights: In January 2017, Theresa May outlined her 12 priorities for the UK when leaving the EU, one of which was the protection of workers’ rights. The prime minister said: "As we translate the body of European law into our domestic regulations, we will ensure that workers’ rights are fully protected and maintained.", which means that any European laws currently in place which relate to workers’ rights (such as maternity rights, annual leave, equal pay etc.) will still be in place after we have left the EU.
Salary: Salary generally depends on how well the economy is performing, as well as your particular industry. The National Minimum Wage and new National Living Wage will still be in place, but it’s impossible to tell how the economy will be impacted, and how the UK’s industries will fare post Brexit.
What if I’m from the UK and want to work in Europe, and vice-versa?
The free movement of workers is a fundamental principle of being a part of the European Union, and although we are still to negotiate the terms on which we are leaving, Theresa May has indicated that controlling immigration from the EU is a priority, in addition to securing the rights of UK nationals living in the EU.
Once we have left the EU, in theory this means that UK citizens will have to apply for a visa or work permit, making it harder to secure work in the EU, although this largely depends on future negotiations.
If you’re from Europe and currently working in the UK legally, the Prime Minister has also made it clear that securing the rights for EU citizens already living in the UK is also a priority.
What should I do to prepare for Brexit?
The main thing to remember is that the impact of Brexit is unlikely to be felt at an individual level in the short term, so it’s business as usual. You can make sure you’re prepared for any eventualities by keeping your CV and LinkedIn profile up to date and ensuring it’s as effective as possible and make sure you stand out from a crowd (take a look at our Career Resources page for advice on how to write an effective CV and more).
Do you have unanswered questions about Brexit? Get in touch via our social media channels:
Published by: JVP Jobs
Publish date: 3rd April 2017
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