Posted on: 21 Nov 2019, admin
OK, so emigrating to another country isn’t an
option for all of us. So, we need to face MORE uncertainty around Brexit but
that’s after we’ve endured another general election. We don’t really want to
focus on the details around the General Election – but here’s a good article
from the BBC just in case you do.
What we’d like to focus on is how a business
can survive Brexit. In the 16 years since I started Ascendant Recruitment, I’ve
lived by one principle and it’s seen me through the worst
recession in UK history and I’m hoping it will see me through
the next one!
That principle is flexibility. There’s no doubt about it, the UK has never faced greater
uncertainty and many critics of Brexit feel that it’s impossible to predict
what the likely scenarios are. But if, as a business, you aren’t able to
respond to changing market conditions, then you’re putting yourself at risk of
not making it through the post-Brexit world.
Here’s a few things I think are important that
will help make sure your business is able to remain flexible and adapt during
these changing times:
- Do a Brexit Impact
Assessment. You’ll need to think about how
this will impact how you sell your products, purchase your materials or your
staff. Understanding the risk to your
business will help you adapt your business model, providing you with the
ability to weather the Brexit-storm.
- Be a good employer. If you employ EU nationals, make sure you are able to
support them to remain in the UK if they are eligible. Make sure your HR team is up to speed with
the details of the EU Settlement
- Have a solid
recruitment strategy. If you rely on
agency staff, you may wish to think of a model that allows you to scale staff
up and down as you need them, but offers you some stability from a workforce
who’s loyalty to their recruiter may be tested if their life in the UK feels
under threat. Contract workers who sign
up for a fixed period might be a better solution to a team who work on a
- Attract the best
talent. If your business is going to
survive, you will need an engaged, skilled and motivated workforce. Make sure
you’ve looked at your company culture, the package and benefits you can offer
and ensure you’re progressing the right people – this will help to get your
business in to the best position possible and make sure you’re as
recession-proof as possible.
- Diversify and
adapt. If part of your business is
propping up another, then consider how long this is viable for. Work out
strategies to make this area profitable or look at stopping this area so that
you can focus on what you are successful at.
We can help you to limit the risk of Brexit impacting your business by advising you on your recruitment strategy. We’ve been doing this for a long time and have seen a lot of creative ways to minimise risk to businesses. For an informal discussion, please contact me on firstname.lastname@example.org or send me a message on Linked IN.
Later this week, we’ll focus on how candidates can position themselves to get the best possible job as the Brexit debate rumbles on.