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Results of the Pulse Survey are in

ITI members’ concerns about Brexit have increased significantly over the last 12 months.

PulseIn the Institute’s latest Pulse Survey, 61% of respondents said they were more concerned about Brexit than a year ago, versus 4% who were less concerned.

However, the most commonly cited current impact of Brexit was a positive one – 26% of respondents said there had been a positive impact on exchange rates, while 18% said there had been a negative effect.

16% said they had been considering or were actually moving to another country as a result of Brexit, and 15% said they were considering or actually changing nationality. Just over a fifth of respondents (21%) had been researching or planning relating to residency and freedom of movement developments.

In relation to other issues, the most commonly referenced factor that increased over the last 12 months was feeling the need to expand their technology know-how to be competitive (51% of respondents). This was followed by the problem of undercutting by less qualified practitioners (44%) and pressure from existing/ potential clients to cut rates (33%). Interpreter respondents appeared to be having a more negative experience with rates than translators, with 40% feeling under more pressure to cut rates and 53% finding themselves being undercut more by less qualified practitioners.

47% of interpreter respondents said they had seen an increased demand for remote interpreting from clients.

In relation to core business conditions, there had been small changes from the previous survey. 69% had gained new clients versus 66% in the spring.

The amount of work from existing clients had increased for 21% of respondents (the same as the previous survey). It had decreased for 24% (versus 27%).  Earnings per hour had increased for 27% (versus 28%) and had reduced for 13% (versus 16%).

 

 

 

 

 

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