May 2nd, 2024 at 01:34 am

UK’s New Visa Rules Impact on Skilled Worker Recruitment | UK Immigration 2024

In this blog, we explore the latest developments in UK immigration law, with a particular emphasis on the new visa regulations that have affected foreign graduate hiring at KPMG and other companies. This policy change has wider ramifications for several economic sectors that depend on trained foreign laborers in addition to potential employees.

Come along as we examine these measures’ immediate effects and their implications for the UK’s skilled employment market going forward.

Tougher Visa Requirements for Skilled Workers

In response to the government’s imposition of more stringent visa regulations for foreign workers, KPMG, a leader in the global professional services industry, has lately revoked employment offers to several foreign graduates in the UK. This action follows the UK’s decision to increase the income requirement for the skilled worker visa, which has an impact on the capacity of businesses to sponsor foreign talent.

Immediate Effects on Graduate Employment

According to The Financial Times, KPMG has resent offers to incoming graduates as a result of the increase in the minimum wage required to sponsor a Skilled Worker Visa in the UK. The new pay is £38,700 for people over 26 and £30,960 for those under 26. Graduate programs that were previously eligible for sponsorship under the category of skilled worker visas will be greatly impacted by this decision.

Broader Economic Concerns

Aiming to reduce immigration, the December 2023 announcement of a change in visa policy presents difficulties for industries that mostly rely on skilled foreign labor, such as IT, architecture, engineering, and the creative industries. KPMG’s response to the directive to stop hiring recent graduates from outside of London who need skilled worker visas, except for some positions like junior actuaries, reflects the general concern in the business community with these new limitations.

Looking Ahead

KPMG’s hiring approach has changed, with a greater emphasis now being placed on domestic applicants and the exploration of other talent pools, such as hiring more ex-offenders. Businesses are under pressure to quickly adjust as the UK tightens immigration laws, changing the environment for foreign professionals and students hoping to work in the country under the Skilled Worker Visa.

UK Work Visa Changes and Its Effect on Immigration and British Workers

What impact will the new legislation have on British workers and immigration? In this blog, we’ll discuss the most recent immigration developments in the UK and their effects. Let’s talk about the changes to the requirements for the skilled worker visa.

The minimum income requirement for skilled worker visas has been raised by 48% by the UK government through revisions to its immigration legislation, with a new minimum of £38,700. The goal of this adjustment is to draw in highly qualified laborers while lowering the total rate of migration.

Effects on the Domestic Workforce

The government replaced the Shortage Occupation List with the Immigration Salary List, or ISL, which focuses on skill shortages, to support workers in the UK. Employers are urged to prioritize local talent by implementing training and employment programs.

Government Efforts to Boost the Economy and Workforce

With a £2.5 billion investment, the back-to-work plan aims to help over a million long-term jobless people find jobs while promoting economic inclusiveness.