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Impacts of EU Referendum Result on Human Resource

   

Added on  2020-04-13

6 Pages1442 Words30 Views
Political Science
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RUNNING HEAD: Impacts of Referendum Results1Impacts of Referendum Results
Impacts of EU Referendum Result on Human Resource_1

Impacts of Referendum Results2Table of ContentsIntroduction.................................................................................................................................................3Impacts of EU referendum result on Human resource................................................................................3Impacts of EU referendum results on recruitment and retention...........................................................3Advantages..........................................................................................................................................4Disadvantages......................................................................................................................................5Conclusion...................................................................................................................................................5References...................................................................................................................................................6
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Impacts of Referendum Results3IntroductionThe United Kingdom European Union membership referendum is also known as the European Union referendum or Brexit referendum which was placed on 23rd June, 2016. The European referendum supports for the country either remaining a people from, or leaving, the Brexit referendum under the planning of the European Union Referendum Act 2015 (Goodwin and Heath, 2016). This report describes and identifies the possible effects of referendum results on the human resource area of the industry. The report considered the recruitment and retention part in the human resource in order to analyze the impacts of referendum result on 23re June 2016. Impacts of EU referendum result on Human resourceImpacts of EU referendum results on recruitment and retentionAccording to Baker et al. (2016), Brexit is a contraction for British exit linked to the referendum result on 23rd June 2016, with British residents voting to leave the European Union. Organizations committed to hiring experts to work for the several sectors of the organization are bound to be affected by the referendum outcomes. Recruitment in the organization generally concentrates on getting experts with the appropriate skills and capabilities to perform for numerous customers. One of the important issues to concentrate on with regards to the referendum results is the accessibility of skilled professionals to work in the United Kingdom industries. Further, Brexit is a chance for recruiters to hire and retain professionals to identify with Britain issues and stimulate solutions which is based on the nation knowledge. Therefore, the exit of the UK from the European Union will likely lead to the relocation of this skilled workforce back to their home countries resulting in overwhelming skills shortage. According to Torrington et al. (2014), recruitment will suffer due to a less skilled individual in order to recruit for the industries. However, the circumstance will make an opportunity for the country to contribute heavily in training and education of the local individual so as to plug the gap occasioned by migration of skilled employees return to their home countries. The country’s heavy dependence on migrant employees will stop and it will be capable to tap from the native professionals. In spite of the opportunities to develop the domestic ability, recruitment and
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