BREXIT SURVEY PREPARING FOR BREXIT
At the time of press, the future relationship between the EU and the UK remains unclear and the lack of clarity is driving a mixed response across Europe. A recent business survey demonstrates a significant level of concern for what Brexit is going to look like. Phil Smith, practice leader for compensation services at Crown World Mobility, explores the findings.
E
ver since the UK public voted in a referendum to leave the EU most of the focus has been on what it means to Britain,
its economy and its political future. But what about what it means to the EU as a whole? And how should international businesses be preparing for it? The Brexit Crown World Mobility survey
sought to answer these questions by polling 2,505 business professionals in Germany, the Republic of Ireland, the Netherlands and 1,013 in the UK. All the respondents work in companies which offer international assignments – the very people whose working lives could be affected most by Brexit. The responses from those previously unheard
voices are significant because they could help international businesses and global mobility managers prepare a strategy to cope with the changes ahead.
What are businesses doing to prepare? The top answers were changing the budget
to cope with extra costs and training local staff to avoid the need for employees from the UK, which is telling. Global mobility programmes are already
evolving, influenced by cultural, political and technological change as well as an ever-shifting security picture. Now they may need to evolve again as the UK’s relationship with the world changes.
Here were some of the key statistics:
56% 54% 57% 48% 65%
36 | Relocate | Autumn 2018
of people in the UK say Brexit will be bad for the EU – with 57% in Germany agreeing, along with 51% in the Netherlands and 55% in Ireland
of people in the UK say international businesses will be negatively impacted by Brexit
of people in Germany say international business- es will be negatively impacted by Brexit, whilst 17% say it will be positively impacted
of people in the Netherlands say international businesses will be negatively impacted by Brexit, whilst 27% say it will be positively impacted
of people in Ireland say international businesses will be negatively impacted by Brexit, whilst 18% say it will be positively impacted
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