Brexit, the EU & UK Job Opportunities

  July 26, 2018 - 4:28 pm   Tips for Job Seekers

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Simon Troupe

Simon is an expert in the Semiconductor field across Europe. Simon is based in our Brighton office and can be contacted on +44 (0) 1273 957888, stroupe@eu-recruit.com or you can connect with him on Linkedin here https://www.linkedin.com/in/simontroupe/

“I have been contracting with NXP Semiconductors through European Recruitment for 2.5 years now, and I have just accepted a permanent position at NXP.
I want to thank ERL for everything they have done for me: from interview, explaining things, helping to find an accountant, quick response times every time I contacted them and a smooth monthly service.
I definitely recommend European Recruitment to anyone looking for work. Thank you to everyone at ERL who in any way contributed in the last 2.5 years to my career advancement.” February, 2017. RF Radar Engineer, NXP Semiconductors 

Simon and his team are happy to support recruitment across multiple verticals including but not limited to, IC Verification, Design, RF/ Antenna, Computer Vision, Machine Learning, Embedded Development, Algorithm Development, Networking, Production Automation, Project & Program Management and more.

 

Here, Simon gives us an overview of the impact Brexit has had on opportunities among hi-tech UK employers and seeks to answer the question ‘is the UK an attractive option for future employment?’

The morning after The UK voted in favour of Brexit, $2 Trillion was wiped off world markets, The UK saw an almost immediate change in leadership and a feeling (The Guardian/ Business/ 24/06/16). A year later, a survey of 2000 PhD qualified EU professionals interviewed by KPMG found that 55% with PhDs, and over half of those with postgraduate degrees, had decided that the UK was not where they saw their futures. Ultimately they favoured a potential move to the likes of Germany and Sweden, subsequently named the ‘Brexit Brain Drain’. Over 2 years have passed since the vote and it is time to consider what has actually changed and how all of this will affect highly skilled engineers and researchers, and to ask the question, ‘is the UK an attractive option?’.

Contrary to opinion polls, the numbers tell a very different story in relation to hiring in the UK and the opportunities among hi-tech UK employers. In the 12 months following Brexit ARM increased UK headcount by close to 500 Employees, a significant statement by their new owners Softbank and a reflection of their determination to invest in UK technology (The Telegraph/ Technology/ 06/10/2017). Dyson have laid down plans for a £2.5bn investment and a new 210-hectare development site with the intention of doubling workforce from 3500 to 7000 over the next few years. Likewise, Apple have embarked on a hiring spree in London, ramping up hiring at their ‘ UK Design Centre’, as they seek to develop their own Graphics chips. In addition, the wider picture tells us that unemployment is at a 42-year low. Employees are focusing on in-house development of staff and companies are focusing on ways to enhance working life and retain staff (CIPD/ News/ Spring 2017), most of which seems very positive for existing and potential employees. Furthermore, Bloomberg reported earlier this year that in an increasingly competitive market, starting salaries have increased to the highest level since before the Brexit vote, a clear indication that the labour market is tightening and the demand for talent is increasing. Couple this with steady growth for the UK’s economy, and it is possible to think that the UK will actually prosper following Brexit?

Additionally, whilst it is perhaps not crystal clear, the EU has stated that a deal will not be possible unless EU migrants are given the same rights as British citizens and given assurances that after March 29th 2019, the right to remain in the UK is certain. What we also know is that the UK will continue to need talented EU Engineers and Researchers; for the 6th month in a row the Tier-2 visa limit has been reached and shows no sign of easing, which can only mean highly qualified candidates are getting harder to find and companies are having to go to increasing lengths to secure the best people, which ultimately means employees will get a better deal as a result. The reality is that Brexit will, I can say with some degree of certainty, mean that UK based companies will have to offer a more attractive working environment and therefore, moving forwards, the UK should not be dismissed as a viable opportunity for future employment.

If you have been wavering on opportunities in the UK, and perhaps been put off by the political environment, then please get in touch. I would be happy to discuss what we have available for you. Equally, we represent 3 of the 4 biggest hi-tech companies in the world, not to mention leading Telecoms, Semiconductor and Automotive Clients across Europe; if you are open to a new role then my team and I will be happy to share suitable vacancies with you.

If you’re interested in taking a look at the roles we currently have available in the UK, then please take a look HERE


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