Recruiters Stress Retention of Talent is Key as Article 50 is Triggered

Since the triggering of Article 50 by Prime Minister Theresa May, the challenge for recruiters to hire European talent is greater than ever before. With talent pools rapidly shrinking due to fewer European students planning on heading to the UK to study, recruiters share a mutual concern over the retention of talent that’s so key to our industries.

‘Tom Freeman, managing director of Sanctuary Graduates, added, “Brexit is already impacting the UK’s ability to attract the best and brightest graduates from across the continent. Some 38% of the graduates our graduate recruitment agency placed with our clients in 2015 were from EU countries. In 2016, this dropped to just over a quarter (27%) of the total. So far, this year, it’s just over one in ten (12%).

“UK businesses recruit graduates from all over Europe because they want the best graduate talent. However, we know from the graduates we’ve spoken to that the current and future uncertainty makes the UK less attractive now than it was before the vote on 23rd June, and many are preferring graduate offers from the continent.

“We know from recent university application data that EU students are less likely to apply to UK universities meaning that the graduate talent pool in the UK is going to shrink. As a country, we need to counteract this if we and our UK businesses are to remain competitive on the global stage.”‘

Published in Recruitment International, written by Rebecca Jeffrey.

For the full article: https://www.recruitment-international.co.uk/blog/2017/03/recruiters-stress-retention-of-talent-is-key-as-article-50-is-triggered