With the current focus on changes associated with Brexit, it’s easy to concentrate on the trading requirements, rather than the impact on your team. The latter is worth considering, as it could have a far larger impact on your business!
If we compare salary levels in the UK to other comparable counties outside of the European influence, they are significantly higher for lower to mid range jobs. More specifically, if you compare the UK to the Australian employment market, a position can pay twice as much in Australia than in the UK. The reason for these differences may be cultural, but if you look at the current situation in the UK, there is now a significant percentage of Eastern European workers in the low to mid range jobs and they are prepared to work for lower wages as they are still significantly higher than they could earn in their own country.
The reality is that Brexit will change employment in the UK and will more than likely push up wages of the lower and mid range jobs. If you don’t actively work on keeping your team happy and engaged, there are likely to be bigger opportunities for them elsewhere and then you will have the problem of replacing them! Brexit means change and that means the fittest businesses will make strides forward, lower performing businesses will struggle and some will not survive.
This month we are covering the impact on your team with approaching Brexit. We hope you like the articles.
By David Betts
Why UK Wages Aren’t Growing In Line With Jobs?
By Larry Elliott, The Guardian’s Economics Editor
This article looks at the factors affecting the wage levels and why the annual rate of growth in earnings appears to be falling rather than rising, despite the fact that the percentage of people working is higher than ever before. Click here to read more.
Low Paid To Get Brexit Pay Rise
By Nick Gutteidge, Brussels Correspondent for the Express
A new report is predicting that millions of low paid British workers are likely to see their wages increase as a result of the falling pound. It also warns that some companies may face closure as a result. Read more now!
4 Simple Ways To Make Your Employees Feel Valued
By Avery Augustine
You need to read this article if you want to keep your staff during the forthcoming changes. Avery highlights four techniques to use to help your team to feel valued, noticed and irreplaceable! Learn more by clicking here.
How To Demonstrate Your Value To Your Team
By Ifty Nasir
Making your staff feel appreciated, could make a big difference to your company. If you want to learn how to make your team feel valued so they turn into empowered brand ambassadors for your business, read this article.
You Just Can’t Get Good People Nowadays!
By David Betts
Your team is one of the greatest assets to your business. Read this blog to learn how to instill job satisfaction into your employees to retain them on your staff. Click here to read it.