Brain drain role of human resource management
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Brain drain occurs when educated, professional workers leave a place or company in order to move elsewhere where they can benefit from better pay, working conditions, lifestyle and sometimes work-life balance. It is typically regarded as economically costly to the country or place the individuals are leaving.
Brain drain can occur on a sliding scale and may affect one company or an entire country, the latter in times of economic crisis when skilled workers move abroad to benefit from stronger economies that have more available jobs and provide a better overall remuneration package. Following Spain’s economic crisis in 2012-2013, Employment Minister Fátima Báñez said Spain is experiencing an "unprecedented flight of talent."
Brain drain can occur on a sliding scale and may affect one company or an entire country, the latter in times of economic crisis when skilled workers move abroad to benefit from stronger economies that have more available jobs and provide a better overall remuneration package. Following Spain’s economic crisis in 2012-2013, Employment Minister Fátima Báñez said Spain is experiencing an "unprecedented flight of talent."
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