A Guide to Brexit
Immigration, global mobility and reward
In June 2016 the UK voted to leave the EU. What implications will this have? And what should employers take into consideration in terms of immigration, global mobility and reward?
An uncertain future?
The UK's decision to leave the EU will inevitably cause a period of great uncertainty for businesses and individuals. We have put together this guide to Brexit to offer an insight into what is likely to happen next and the potential issues to consider for immigration, mobility and reward. We provide an explanation into how leaving the EU is governed under Article 50 of the Lisbon Treaty and the timelines and stages involved. The main point to stress is that the negotiations to exit are likely to take at least two years, so it is important to remember that it is unlikely anything will change immediately. Companies need to give considerationto the critical aspects; any change in policies, payment aspects should be updated to reflect what the future might look like. A key point of view is to ensure that anything is being planned but not done takes Brexit into consideration.
Focus areas for employers
There are six areas that employers should take into consideration now that Article 50 has been triggered. These six areas are thoroughly discussed in the attached guide.
- Employee Communication
- Tax & Social Security
- Executive Compensation & Reward
- Mobile Employees
- Currency Implications
In case of any questions regarding this guide, please contact Jean-Pierre Boelen, Harvey Christophers or Bas Castelijn via the below contact details.