83% of UK employers were unprepared for leave vote - Jelf Employee Benefits

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83% of UK employers were unprepared for leave vote - Jelf Employee Benefits

Employers are unprepared for the UK leaving the European Union, according to research from Jelf Employee Benefits conducted only seven days prior to the referendum.

Some 83% of employers said their company had no formalised plan in place should the UK vote to leave.

Meanwhile 17% said they didn't know if their company had a plan, and no respondents were confident they had a plan.

Doug Rice, managing director - international services Jelf International explains: "As the dust settles following the referendum vote, employers will be looking at how this decision may affect, not only their UK employees, but also what this may mean for expatriate and globally mobile employees.

"The impact on pan European benefits including health and wellbeing will become clearer in time, and as always our recommendation would be to seek professional advice."

Steve Herbert, head of benefits strategy explains that this may mean more change for the domestic market: "From a UK benefits perspective it has been apparent that some employers have been potentially in denial about the possibility of a Brexit in the last few months.

"We now can and should expect some national political and fiscal policy changes in the short to medium term, and some of this change of direction is likely to influence current thinking around employee benefits, with pensions Auto-Enrolment and taxation issues a key area of focus. We shall watch these developments with interest."

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