Last month I attended the seminar for Austrian employers (CEOs and Heads of HR) which was held at the offices of our CFR Partner in Linz, Austria.
The key topic was the likely impact on Austria following the BREXIT vote in June. I was joined “on the platform” by Dr Christian Kesberg, the London-based Austrian Trade Commissioner for the UK.
To a genuinely puzzled audience, we tried to explain the various influences at play in an attempt to give reasons for the way the British Electorate made its decision. I quoted extensively from the in-depth exit poll conducted by Lord Ashcroft, “How the United Kingdom voted on Thursday … and why”.
Given the very close business links between Austria and Germany, it seems that Austrian businesses are particularly concerned about the impact of BREXIT on the German economy on the basis that if Germany sneezes, Austria tends to get a serious dose of man flu.
The second part of the seminar focused on the key characteristics of senior manager employment contracts in the UK. In discussing this in open forum, small but significant differences between typical UK and Austrian employment contracts became apparent. I was struck yet again by the value which derives from having recruitment partners in all major European economies and indeed further afield – our genuine “global reach with local expertise”.