When Theresa May triggered Article 50 on 29th March one period of uncertainty concluded and another began. Both businesses and individuals alike are awaiting further information on the exact impact of Article 50 being triggered.
What is Article 50?
The Treaty of Lisbon was signed in 2007 and became law in December 2009, it is signed by all heads of state and Governments of all EU member countries. Prior to the Treaty there was no legal way in which to leave the EU. Article 50 within the Treaty allows any member the right to leave the EU and provides the procedures required for leaving. Countries are allowed two years to negotiate an exit deal and, once Article 50 is triggered, a country cannot go back on this decision unless every member state agrees. No country has ever left the European Union.
Read more on Article 50 here.
The impact of Article 50
This uncertainty is something that recruiters in particular need the Government to address sooner rather than later, as leaving the EU will certainly have a significant impact on the recruitment industry as a whole.
Recruiter Magazine have discussed the issue of uncertainty over Article 50’s impact on recruitment in a recent article. The article largely hears from a number of recruiters themselves and their concerns.
Greg Wood, a healthcare recruiter, would like the Government to address how leaving the European Union will affect the status 1.5 million EU citizens that currently work within the UK. Furthermore, although Theresa May had stated that she is seeking to ‘guarantee the rights of EU workers’ living in Britain as a priority in negotiation talks, Wood questioned the timeline they were working to in relation to said discussions.
How Brexit will ultimately affect future recruitment is also a question that many recruiters are asking, in fact 83% of recruiters stated that they were worried about the availability of candidates following Brexit in a survey of APSCo members. For recruiters, it is extremely important that they are able to source skilled workers within both the UK and EU, and on the other side of the coin, that UK citizens are still able to work within the European Union.
At this stage, it is unclear what the exact impact that Brexit will have on recruiters. Over the coming months, we await Government discussions on the matter, however, the impending General Election on 8th June will almost certainly delay talks in the short term.
Keep an eye on Foresight Recruitment’s blog for further updates as and when they are released.