The Post-BREXIT Human Resource Development Era: An Investigation into the UK Banking Sector

Project Description: The research study will examine the effect of the BREXIT referendum onto the Human Resource Development (HRD) practices of the UK banking sector. For many national economies, the banking sector is considered as one of their main pillars, while it is also characterised as a “knowledge-intensive” and “people-oriented” business sector with regards to its competitiveness, success, growth and change (Froehlich, 2017; Kor, 2016; Mitsakis & Aravopoulou, 2016). Thus, it is important to examine how its HRD practices have been affected by the BREXIT referendum outcome. Lately, there are many commentators associating BREXIT with the make of a new global economic crisis. Amongst them, the Bank of England governor Mark Carney described the post-BREXIT era as a new financial crisis (Chu, 2017; Rachman, 21016 ). Following such assertions, organisations reported extensive budget cuts within their HR interventions, including relevant budget allocations to their HRD strategies and practices.

Methodology:A longitudinal survey would allow prospective applicants to examine the effect of the BREXIT referendum (and its aftermath) to the HRD practices of the UK banking sector. Following the relative lack of relevant literature on BREXIT and its effect on HRD, the project aims to offer new insights by collecting data through a multi-constituent research perspective (different stakeholders across banking organisations).