14 Aug Massive Drop In EU Nationals Coming To Work In The UK Pushes Up Wages
A massive drop of 95% in EU nationals coming to the UK for work is causing employment problems with some employers raising wages, with others holding the line, according to new research.
The work by Chartered Institute of Personnel and Development (CIPD), the professional body for HR staff, and recruitment firm Adecco found the number of applicants per vacancy has fallen since last summer across all levels of skilled jobs, in a major new survey.
One of major effects, says the research report, is that shortages had made more than half of those employers questioned raise starting salaries to recruit staff. Wages of existing staff had also risen to retain existing employees.
The report said that, according to the latest official data, the number of EU workers in the UK had increased by just 7,000 between the first three months of 2017 and the same quarter this year.
This compares with 148,000 during the same period in 2016 to 2017.
This drop of 95% had worsened existing skills and labour pressures.
The Graham Agency Keeping You Informed.