Brain Drain Essay example - 1778 Words

Brain Drain One of the major concerns of todays companies is the shortage of labor, especially in management. The baby boomers are nearing retirement age in the United States and the birth rate is dropping. These circumstances, coupled with the booming economy are the main causes of the labor shortage. There is a high demand for labor but the once seemingly bottomless pool of employees and managers that companies drew from has started to dry up. What are the factors that contributed to the problem and how are todays corporations going to handle this problem? The type of labor needed in todays society has been undergoing a constant change. There is an increase in demand for workers but there is a much greater demand†¦show more content†¦The projected increase in 55-64 year olds in the workforce from 1996 to 2006 is a staggering 54%. The projected change in the 25-34 year old bracket is -8.8%. These trends are not only true in the United States. Japan is also going to be coping with similar problems. Today the people over age 65 compose 16% of Japans population, but by the year 2020 it is projected that percentage will soar to 26.3%. Japan, just like the United States is going to have to attempt to retain some of this group in the workforce to compensate for the continually falling birthrate in their country. This problem is very true in Europe too. Since 1995 Germany, France and Italy have experienced a continual fall in working population ages 15-64. This trend is projected to continue into the year 2000. Our aging population is also choosing to retire much earlier than they once did. This is a factor contributing to the strong economy we are enjoying now. The old are growing older, living longer and they are healthier than ever. Breakthroughs in medicine have enabled people to live much longer. The advancements our pharmaceutical companies research and development departments have made are staggering. Diseases that once were a death sentence are curable. Organs that are failing in the human body can be replaced or rebuilt. ThereShow MoreRelatedBrain Drain And The Allure Of High Income Abroad1540 Words   |  7 Pages1.0 Introduction According to Merriam Webster (2015), brain drain is referred to as a circumstance where by all or the majority of geographic region and capable resources and skilled ,intelligent within a given area leave the area because of various factors that comprises lack of high paying employment. In addition brain drain is also mentioned to as capital flight of human. Brain drain in another way of defining it, refers to the leaving of skilled, professionals from one economic sector to anotherRead MoreThe Concept Of Brain Drain, Brain Gain And Brain Drain1104 Words   |  5 PagesBrain drain, brain gain and brain circulation. These have been terms that have often been used simultaneously when discussing the movement of students, academics, and scholars as they left their homes to study abroad, when they remained in their host countries, and when they continued to work both at home and internationally. Brian circulation has been the term used to describe the movement and mobility of higher educated people around the globe. It has been an increasing phenomenon that has affectedRead MoreBrain Drain5403 Words   |  22 Pages CONTENTS . * What is Brain Drain * Introduction of Brain Drain * Concepct of Brain Drain * How to stop Brain Drain * Solution Responsibility of Brain Drain * Influence of Brain Drain * Classification of Brain Drain * Problem of Brain Drain * Brain Drain in india * Globlisation of Brain Drain * Bibliography What Is Brain Drain? Brain drain is also known as â€Å"The human capital flight†. It can be simply defined as theRead MoreLebanese Brain Drain1155 Words   |  5 Pagessecurity that is in the country does not make Lebanon as stable as it should be. Therefore, how are these causes really affecting Lebanon? The emigration of important figures such as professionals and technicians reflects the extent of severity of the drain in Lebanon. Such problems are faced worldwide, and not just in Lebanon, but are also being solved. Lebanon’s government ceases to address such issues, and is ignoring the fact that the country is losing. Lebanese people are gradually leaving theirRead MoreImpact of Brain Drain on India4549 Words   |  19 PagesBIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE - PILANI K.K. BIRLA GOA CAMPUS A Report On IMPACT OF BRAIN DRAIN ON INDIA BY 2010A3PS120G 2010A4PS257G 2010A8PS326G 2010A8PS419G Arihant Lunawat Rohan Kulkarni Nidhi Kothari YVK Shanmukh Kumar November 16, 2011 BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE – PILANI K.K. BIRLA GOA CAMPUS A Report On IMPACT OF BRAIN DRAIN ON INDIA PREPARED FOR Dr. Basavadatta Mitra PREPARED BY 2010A3PS120G 2010A4PS257G 2010A8PS326G 2010A8PS419G Arihant Lunawat RohanRead More Canadas Brain Drain Issue Essay1756 Words   |  8 PagesCanadas Brain Drain Issue What is a brain drain? It is the emigration of highly educated and skilled Canadians to the United States. Does Canada suffer from a Brain Drain? This is a question that economists have been trying to answer for a decade now and have conducted different studies resulting to different conclusions about this issue. There are some economists that believe that yes Canada is suffering from a brain drain if not now it will be soon, amongst those economists are Don DeVortezRead MoreRole of IITs and IIMs in Brain Drain774 Words   |  3 PagesRole of IITs and IIMs in Brain Drain The UNDP estimates that India loses $2 billion a year because of the emigration of computer experts to the U.S.[1] These are estimates for computer experts only. Add in to the many graduates from the IITs and IIMs who go to foreign countries for one reason or another and we are looking at some serious resource losses, in monetary terms as well as human resource capital. Considering the huge money from the tax-payers that goes in subsidizing the education at theRead MoreHow Does The Brain Drain Be Hot Potatoes Throughout The World? Essay1118 Words   |  5 PagesFor years, brain drain issues have been hot potatoes throughout the world. â€Å"Brain drain† is also academically known as the human capital flight, refers to the large scale migration of highly educated, skilled and talented people of developing countries to highly developed countries of the world (Wikipedia, 2016). The brain drain originated in 1960, when most of human resources like scientists, engineers, and techn ologists emigrated from United Kingdom to America (Wikipedia, 2016). This phenomenonRead More Canadas Declining Health Care System and the Brain Drain Essays884 Words   |  4 PagesCanadas Declining Health Care System and the Brain Drain Canadas government-funded health care system in under attack. Despite the mandate of the Canada health act, which was meant to assure universality, comprehensiveness, equitable access, public administration and portability of our health care system, (Braithwaite 17), Canadians today make the issue of health care their most important political concern. One of the biggest crises the Canadian health care system faces is for strangeRead MoreThe Brain Drain and Revolution in the Late 19th and Early 20th Century China1633 Words   |  7 Pagesengineering and technology. Perhaps more important, though, many of these students later returned to China and became involved in the groundbreaking political and cultural developments of the era as well as the heated debates surrounding this change. â€Å"Brain drain,† therefore, works in both directions. For the late Qing and early Republican governments, interaction with foreign ideas not only helped revive China, but also helped th e nation transition from a multinational empire to a modern nation state. Ironically