One in three young people (16 to 35) are considering leaving the UK to work in another European country due to uncertainty around Brexit as well as the Covid-19 pandemic, according to latest research from Adecco based on a YouGov survey among some 1,000 UK workers.
At the same time, more than three-quarters (76%) of those over 55 years old and about two-thirds (66%) of those aged 45 to 54-years old said they would not consider leaving the UK to find work.
The research further found that those working in the capital are the most likely to consider moving to another European country for work (40%) when compared to other regions in the UK; with all citing Brexit uncertainty and the pandemic as deciding factors for them.
Alex Fleming, Region President of Northern Europe Adecco Workforce Solutions, comments: “After a difficult year across the board these research findings reveal the true scale of the talent challenge UK companies face. Even with a Brexit deal and the vaccine rollout underway, the high levels of uncertainty are leading young people in particular to look outside the UK and London for work. If businesses do not act now to turn this around, they will lose valuable talent and ultimately risk their chances of successfully bouncing back in the long-run.”
The research uncovered some key industry differences. Nearly a third of those in IT and telecoms (31%), real estate (37%) and media, marketing and advertising (33%) said the pandemic and uncertainty over the outcome of Brexit have made them seriously consider moving to the European Union to work. In contrast, those in manufacturing (70%), transportation and distribution (68%) and education (69%) said they will be staying in the UK for work.
This suggests that, despite fears Brexit would spark a mass migration of top talent away from critical industries, the UK will unlikely see a widespread “brain drain” of talent over the coming months.
All figures are from YouGov Plc unless otherwise stated. Total sample size was 1003 employees working in Great Britain at the time of research. The survey was conducted online between 24-28, September 2020. The figures have been weighted and are representative of British business size.