Human Resource managers in different sectors of the economy have been faced by the decreased number of skilled manpower despite the increase in the world population. Most of the skilled professionals are constantly leaving their employments in search of greener pastures, due to lack of job satisfaction, while others leave the jobs due to personal reasons.
It has become a very big concern to many developing nations that their professionals are leaving their countries to seek for greener pastures in the developed countries, a situation referred to as brain drain.
The medical sector is one area in many of the developing countries that has witnessed this kind of brain drain. The developed countries have experienced lack of medical professionals due to the increased demand that is not balanced by the supply. The developing countries on the other hand lacks professionals in the medical sector due to lack of enough training facilities. In most cases, the countries that experience brain drain see this as an economic loss.
The receiving countries’ manpower sees the influx of these professionals as competing against cheap labor that affects their market value. On the other hand there are other benefits that are seen from both the sending and the receiving quarters.
This research paper thus looks at the economic costs and benefits of both the sending and the receiving country of the medical professionals