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  • June 2017
06

Brexit risks UK ranking as most desirable place to work globally

Open-access content 4th July 2017

The UK is ranked the most desirable place to work by people based outside of Britain, with 57% of respondents to a recent survey placing it in their top three destinations.

2

That is compared to 30% who named the US in their top three places to work, 21% who included Australia, and 19% that picked Canada, with the UK scoring highly for job opportunities and diversity.

However, the research by Deloitte reveals that one-third of non-British workers are considering leaving the UK, with highly skilled EU workers most likely to go, suggesting a potential skills shortage for the country.

"Despite political and economic uncertainties, more people are attracted to live and work in the UK than anywhere else in the world," Deloitte senior partner, David Sproul, said.

"But overseas workers, especially those from the EU, tell us they are more likely to leave the UK than before. That points to a short-to medium-term skills deficit.

"That can be met in part by upskilling our domestic workforce, but which would also benefit from an immigration system that is attuned to the needs of the economy."

The research involved a survey of 2,242 EU and non-EU workers in March this year, half living in the UK, and half living outside, finding that attitudes have changed as a result of the country voting to leave the EU.

Some, 48% of migrant workers already living in the UK see the country as being less attractive as a result of Brexit, compared to 21% of those that live outside the country.

Highly skilled EU workers living in the UK report the largest drops in the attractiveness of the country, with 65% saying so, compared with 49% of non-EU workers.

However, the Deloitte research suggests that the three sectors with the highest numbers of EU workers are also the top four industries with the highest potential for automation.

"If immigration and upskilling can help fill higher skill roles, automation can help to reduce reliance in lower skill positions," Deloitte senior partner, Angus Knowles-Cutler, said.

"This will require careful consideration region by region and sector by sector, but there is a golden opportunity for UK workers and UK productivity if we get it right."


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This article appeared in our June 2017 issue of The Actuary.
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