The CIPD’s Labour Market Outlook and Resource and Talent Planning surveys have closely monitored the impact of Brexit on employment and workforce trends, as well as market perspectives and expectations.
The EU and the UK have agreed an extension to 31 January 2020 with the aim of ensuring an orderly withdrawal of the UK from the EU. The decision of the UK to leave the EU will result in some changes for Ireland and for EU Partners. It's important for you to be aware of how Brexit could affect your business.
Brexit could have very significant implications for HR managers. IBEC looks at how Brexit might affect key employment issues.
If the UK were to leave the EU without an agreement 1.2 million jobs across the Continent would be lost. Ireland would lose 50,330 jobs, placing it among the most badly hit countries in terms of jobs lost as a percentage of its working population.
The volume of trade between Ireland and the UK, estimated at over €1 billion in goods and services being exchanged between our countries on a weekly basis, means that Ireland will wish to keep trade with the UK as open as possible.
Despite early concerns about Brexit’s implications on employment, the proportion of employers looking to increase staff versus those looking to reduce staff has recovered strongly and remains above pre-vote levels. This indicator of continued, robust labour demand is consistent with official employment data evidencing high employment.