According to new reports, Brexit and the decision to leave the EU has pushed up wages for construction workers by 11%!
The new data was found by Engage Technology Partners who analysed the trends in pay following the referendum back in 2016. Within this, they found that wages were on the up for those in the construction industry. But why is that?
Well, the study found that companies and firms are actually looking to reduce the need to rely on international workers. One of the top trades found to have boosted wages was crawler crane operators who have reportedly seen their pay go up by 54%. Following them was electrical testers with an increase of 34%. And, finally, steel fixers who saw a boost of 22%.
Engage Technology Partners’ Director added: “In its report on the potential impact of Brexit on the industry, the Chartered Institute of Building (CIOB) highlighted the sheer extent of reliance on international staff, with some locations such as London reporting that over half of the construction workforce consists of migrant workers.”
“While there’s certainly no agreement on the terms of our exit, the impact on the industry is already being noted – and we can expect to see wages rise further in the near future as talent demands continue to stretch.”
“With staffing budgets on the up, firms are facing greater pressure to control project finances and we are expecting to see growing demand for our staffing supply chain management software, as clients strive to better control costs.”
So what do you guys think? Have you seen a rise in your wages? Or will Brexit have more of a negative impact than good? Let us know what you think in the comments below!
Have a story you’d like to share? Then get in touch via the On The Tools Facebook page!