"Candidates are less willing to move roles as swiftly as they have in previous years – creating a lot less available talent in the market."
The financial services roles most at risk of being lost to European locations include; private banking, trading, sales, operations, middle office and Risk & Compliance.
Recent statistics show that while EEA migration has dropped sharply, non-EEA net migration is at its highest level for 15 years, with the government further than ever from its target of “tens, not hundreds of thousands” a year.
“We’ve seen that organisations are worried about the impacts of Brexit – and with employees scared to move jobs, paralysis can often be the consequence."
“As business confidence drops, the political establishment needs to find a solution that can help protect people’s jobs and livelihoods."
“Saying ‘we’ll just wait and see because we’re all in the same boat’ is the wrong approach for businesses to take on Brexit."
‘’With half of employers already struggling to recruit and retain, it’s clear that employers need to address these challenges sooner, rather than later."
"Beyond Brexit, planning ahead in an era of persistent disruption will ensure the organisation is resilient, adaptable, and positioned to thrive no matter what comes next.”
This hire comes after a strong year of growth for the professional services team and will help to ensure the Legal team can fully harness the increased opportunities that Brexit is generating.
Of all of those surveyed, one fifth admitted that they have considered leaving the country amid Brexit uncertainties.