Almost half of UK businesses are experiencing staff shortages, according to new research. For many executives, the problems stem from Brexit.
According to a recent survey by the Institute of Directors, 44% of UK businesses are encountering such problems. Four in 10 attribute the shortages to a lack of a talent pipeline from the EU following the UK’s exit from the union.
Since 1 January 2021, employers that want to hire someone from outside the UK to work for their organisation must acquire a sponsor licence, which can cost from £364 to £1,820 for a small company or charitable organisation and £1,000 to £5,000 for a medium- to large-sized business, depending on an employee’s length of stay.