Like we said, there are no solid agreements right now and negotiations are still taking place. The press
Your best step here is to continue monitoring the talks, see what trends are emerging from these and prepare your company as much as possible.
Last year the British Hospitality Association released a study they had commissioned which found that “75% of
Staffing is something the industry already battles with. We’ve spoken before about the high turnover in the hospitality industry and the loss of staff would have a huge effect when there is already a shortage of 200,000 staff.3
While we can’t give a solid answer on how to prevent any business from losing staff we can reiterate a message we’ve sent out
Consider extensive training programmes from apprenticeships to a small training school as well as management training. Be sure to take up our latest training offer before time runs out so that your management team can train their staff and ensure that everyone is on the same page. All of these will assist in plugging the gap with the local skills shortage.
Your efforts won’t be in vain, that we can promise you!
This is a tricky one as we have no solid answer about how the U.K. will operate with regards to trade with the rest of the E.U. Our advice? Explore a variety of options now while understanding the nuances of trade with each country dealt with in the E.U. If you have non-U.K. suppliers then it’s a good idea to start this conversation now.
Although there will be a buffer period for companies to familiarise themselves with the new regulations it would be a good idea to table the various trade options with your suppliers so that neither of you
The Silver Lining
Thankfully it’s not all doom and gloom. As mentioned earlier on in this post, there is an existing skills shortage in the U.K. that could potentially be compounded by the loss of skills due to Brexit. It’s a big unknown right now but we are hopeful that it will push businesses to be proactive about training and developing new staff. In the long term, this would limit the effects currently felt by the skills shortage and could, hopefully, see a boom in employment in the hospitality industry.
Another aspect to consider would be a boom in U.K. holidays. We’ve already seen prices being hiked up across verticals since the announcement of the Brexit vote so it makes sense that people are looking inside the U.K. for their next holiday. This could result in increased demand for the local hospitality industry which, for those who have anticipated and prepared for this, would boost the economy greatly.
The reality right now is that a lot of what is being negotiated for Brexit is out of everyone’s control. However, taking as much of a proactive approach as possible by preparing for it should help
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