The ever changing benefits landscape – research

Nearly two thirds of HR Professionals expect Brexit to impact their strategy.  However, in spite of uncertainty, Secondsight research  indicates that majority are optimistic about a budget rise in 2017.

With the triggering of Article 50 this Wednesday (29th March), our latest research highlights that almost two thirds (62 per cent) of HR professionals expect the decision to leave the European Union (EU) to impact their HR strategy.

More than one third (35 per cent) said that the leave vote will impact the profits of their business. 37 per cent have opted not to hire over the coming year, and 39 per cent agreed that recruiting the right people into their business will now be more difficult than before the decision to leave was made.

Commenting on the findings, Ian Bird, director of business development at Secondsight, said: “There’s no doubt the leave vote sent shockwaves through many organisations, and the uncertainty brought by this has clearly had an impact on HR and their strategy, as our research suggests”.

On a more encouraging note, 95 per cent of the HR professionals surveyed will see their budget rise in 2017, and 18 per cent plan to introduce new benefits in the year ahead. In contrast, it is positive to see that only 5 per cent of employers are planning to remove benefits in 2017.

Download your own copy of the research paper here.