Firms raising wages for workers due to lower EU migration, ‘pressure on employers to offer attractive salary’

ER Editor: Given the appropriate level of talent and quantity of unemployed people in the UK, one wonders why certain sectors have to rely on labour from other parts of the EU in the first place.

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Firms raising wages for workers due to lower EU migration, ‘pressure on employers to offer attractive salary’

WESTMONSTER

A new report has shown that lower levels of EU migration are already forcing employers to raise wages. (ER: 

A survey of 2,000 employers by the Chartered Institute of Personnel and Development (CIPD) has shown a fall in the level of EU migration has forced more than half of companies to raise their starting salaries to recruit new staff whilst also increasing wages to retain those already working at the firms.

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ER: See CIPD report from August 13, 2018, Abrupt fall in flow of EU nationals into the UK coincides with a drop in the quantity and suitability of job applicants being reported by employers

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The President of Staffing at Adecco who co-authored the study, Alex Fleming, has said:

“With Brexit looming, we’re seeing a talent shortage and a more competitive marketplace.

“In this candidate-short landscape, the pressure is on employers to not only offer an attractive salary, but also additional benefits.”

Gerwyn Davies of the CIPD has said:

“The most recent official data shows that there has been a significant slowdown in the number of EU nationals coming to work in the UK over the past year.

“This is feeding into increasing recruitment and retention challenges, particularly for employers in sectors that have historically relied on non-UK labour to fill roles and which are particularly vulnerable to the prospect of future changes to immigration policy for EU migrants.”

Net EU migration has fallen from 189,000 in 2015 to 101,000 in 2017.

One of the key pledges from the Leave campaign was that ending the saturation of cheap labour from abroad would see a wage rise for British workers.

The numbers already going slightly down are showing that lower migration means higher wages. The government now need to commit to slashing migration post-Brexit to give Brits a long-overdue pay rise.

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Original article

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