Tuesday 17 July 2018

Ireland is top Brexodus country for UK workers

The arrival of yet another international heavyweight executive search firm comes as the economic recovery and the projected influx of Brexit-related jobs fuel opportunities, and competition, in the Irish market.. Stock photo: PA
The arrival of yet another international heavyweight executive search firm comes as the economic recovery and the projected influx of Brexit-related jobs fuel opportunities, and competition, in the Irish market.. Stock photo: PA
Ellie Donnelly

Ellie Donnelly

Ireland is the most popular destination for employees in the UK searching for jobs in other European Union countries.

With less than 12 months to go before the UK leaves the EU, Ireland is attracting just over one in five searches from UK employees planning a move to the EU, according to research from jobs site Indeed.

Tara Sinclair, economist at Indeed, said that Brexit has dominated the EU landscape and also the relationship between the UK and Ireland for two years, which she said was reflected in the labour market.

"Proximity plays a role, and it makes sense that we are seeing the UK's nearest neighbour and fellow English language-speaking member state attract the largest share of jobseekers."

France, Spain, and Germany also feature prominently in employee searches, as the number of UK workers planning a move returns to a post-referendum high.

In the immediate aftermath of the referendum result, the number of UK jobseekers looking for roles in other EU countries soared as employees explored their options following the Leave campaign's victory.

While the spike seen in the days following the 2016 referendum quickly subsided, the steady increases seen in 2017 and 2018 hint at a more significant, sustained trend.

Searches by people working in the UK for jobs outside the UK have now reached a level of 15.2pc higher than that recorded in the pre-referendum first quarter of 2016, the research has found, rekindling fears of a 'Brexodus' of talented workers to other EU member states.

"While the initial spike in Britons' searches for EU jobs might be dismissed as a knee-jerk reaction, 2018's steady and sustained return to those levels suggests more Britons are thinking more seriously about a move to elsewhere in the EU," Ms Sinclair said.

Last week, it was revealed that Merrill Lynch will relocate 125 jobs to Dublin as it overhauls its business in the UK and EU in preparation for Brexit.

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