Brain Drain

What is Brain Drain?

 

‘Brain Drain’ occurs when a large number of employees leave a company for any number of reasons. An employee might leave a company for any reason. However, when a large number of employees leave simultaneously, it affects the company economically and is detrimental to its working.

 

Although it is a rare phenomenon, its occurrence is a huge risk for any organization. Hence, companies generally try to prevent such occurrences by taking surveys and making sure that employees’ collective job satisfaction does not dip. It might happen due to any reason like a drastic change in the company culture, change in HR policies or any other elements affecting the employees negatively.

 

The brain drain can also affect a country as a whole. Although rarer than a company-wide brain drain, it occurs in case of unprecedented economic slowdown, wars, etc.

More HR Terms

Employment Branding

What is Employment Branding?   ‘Employment Branding’ refers to the active efforts by an employer to appeal to prospective candidates and existing employees by creating

Talent Management

What is Talent Management?   ‘Talent Management’ refers to the plans and strategies that a company uses to make sure that its human capital is

Cafeteria Plan

What is Cafeteria Plan?   ‘Cafeteria Plan’ is a term that refers to the customizable benefits plans that certain companies in the US offer their

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’