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A recent study by recruitment company Randstad revealed that almost one third of EU nationals employed in the construction sector have considered leaving the UK as a result of the uncertainty surrounding Brexit.
Of 1, 671 surveyed, 32% responded saying they had considered the option.
A further 1 in 5 remain undecided until after the 29th March.
In contrast to the view held largely by UK citizens, that visa uncertainty is the biggest push factor in the decision to leave, the survey found that 39% were concerned by the uncertainty surrounding construction projects, funding and availability of jobs.
These figures reveal a worrying future for UK construction, of which over one quarter of current employees come from other EU countries.
A spokesperson from the Construction Leadership Council said that, “We hope that the transition period the government intends to implement following the UK’s departure from the EU will enable workers to remain in the UK, but we have established a contingency planning group on skills and migration group to identify actions the industry can take to mitigate Brexit risks.”
The CLC has urged employers to put in place an employee retention strategy.
Regardless, possible knock-on effects of mass staff migration are numerous and potentially grave.
Understaffed contractors will inevitably lead to widespread delays in completion of jobs, and, consequently, non-release of retentions and further aggravation of the late/non-payment issue.
If you have any concerns over what Brexit could mean for you and your company, don’t waste any time to act.
Our specialist construction credit control service and debt recovery services may alleviate any concerns you have over the impact of Brexit.
Get ahead of the shocks and get in touch on 0114 236 1884 for free expert advice on how we can assist you with the potentially rough transition in the coming months.
Improve Cashflow Through Crdit Control. Request a Free Appraisal.
Are you interested in seeing how we could help improve your cashflow? CRS will provide a free appraisal of your debtor book and overview of your credit control systems and procedures. It can also look at those debtors that are causing you the most problems to see if they can be educated to pay a little sooner than they have been doing.