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

Bumping

What is Bumping?   ‘Bumping’ refers to the phenomenon of ‘bumping’ a senior-level employee to a position of lower rank when the company is downsizing.

Health Savings Account (HSA)

What is Health Savings Account (HSA)?   ‘Health Savings Account’ or ‘HSA’ refers to a savings account in the US, which enables employees who have

Up or Out

What is Up or Out?   ‘Up or Out’ refers to a practice in some companies where the employees are required by contract to achieve

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