Are Irish Companies actively engaged in Brexit planning?

In a recent survey conducted by IBEC, the main findings show that a large majority of companies are now actively engaged in Brexit planning – which is good news.

• 21% of the 176 respondents have contingency plans in place,
• Over 53% stating that they will have plans in place over the coming months.
• However – the focus is very much on the commercial and distribution aspect, with companies concerned about customs and certification barriers – 32% identified this as a top concern, future regulatory divergence (13%) and exchange rate volatility (13%).

With regard to employees, nearly 50% of the companies expect shortages in foreign language and culture awareness, with 44% of these planning to address these gaps through external recruitment. 67% stated that EU worker access is important.

Voltedge Management works with our clients to review the impact of Brexit on recruitment, employment, employee management and skills and culture issues, and we will be hosting an event focused on this in September with our event partners, Morgan McKinley, Fragomen, Ronan Daly Jermyn and European Movement Ireland. If you would like to attend this session, just let us know at info@voltedge.ie and we will put you on the invitation list.