MOBILITY
The impact of Brexit on global mobility
How will the UK’s decision to leave the European Union affect global mobility? Michael F Dickmann, of Cranfield University’s School of Management, and Andrea Piacentini, co-founder of the RES Forum, share exclusively with Relocate readers the results of new research.
T
he UK’s referendum decision on 23 June 2016 to leave the European Union (EU) caused shock waves in political and business circles around the world.
There is still considerable uncertainty about how the
economy, trade tariffs and the free movement of people, goods and services will be affected by the exit deal eventually negotiated between the British government and the EU. Many expatriates currently living in Britain, and UK citizens working in EU states, face substantial uncertainty and change. In January, the RES Forum, an international HR and global
mobility networking and information-sharing group with over 1,300 members in more than 500 companies based in over 40 countries around the world, surveyed its members about Brexit and the state of socio-political global mobility developments. This research forms the basis of the chapter Britannia Waives the Rules in The RES Forum Annual Report 2017, authored by
Brexit’s effects on MNCs The survey results paint an interesting picture. Global mobility (GM) experts foresee a number of challenging developments once the UK has finalised its exit from the EU, which is likely to be in 2019. Amongst the more upbeat assessments are the continued
attractiveness of the UK as a destination country for potential assignees and the continued demand for assignees in the long term. Other evaluations show that the situation for MNCs will be more complicated, and probably more costly, after Brexit. For instance, the complexity of overall compliance work, including social security work, is likely to increase.
Michael F Dickmann, professor of International HRM at Cranfield University, School of Management. A summary of the results is presented here.
10 | Re:locate | Summer 2017
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