The cost impact of the devaluation of currency following the Brexit vote is to be reviewed by more than a third of respondents to a new report from Mercer.

The organisation's Planning for Brexit: talent implications report questioned senior HR, talent, and reward directors at 160 organisations and found that 36 per cent of them have already reviewed or plan to look into the cost impact of the post-Brexit currency devaluation on their globally mobile employees.

The report also revealed that 18 per cent of respondents have already enabled employees on long-term international assignments to either split their pay or be paid in another currency.

More than a third – 33 per cent – of respondents reported that their workers who had been assigned to work abroad for two years or more have concerns regarding the fall in the value of the British pound following the Brexit vote.

Mark Quinn, head of UK talent at Mercer, said: “To counter a dip in morale and employee engagement while uncertainty around Brexit persists, employers should take a considered approach to communications.

"[Organisations] should be transparent around what Brexit means to them and communicate this and any expected impact on employees in a timely manner, to all employees.”

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