The Impact of Brain Drain on HRM in the Sri Lankan Banking Industry
The movement of highly educated, talented, and skilled people from one country to another in search of better opportunities and higher salaries is known as “ Brain Drain ”. Brain Drain has grown to be a significant problem in Sri Lanka in recent years. Sri Lankans frequently choose to emigrate due to economic instability, lack of career prospects and growth, political and social unpredictability and the strong demand for skilled labor abroad. According to the Central Bank of Sri Lanka (CBSL, 2025) , more than 300,000 Sri Lankans left the country for brain drain including many skilled professionals especially in the field of IT, banking, healthcare and engineering. This has a strong impact on Human Resource management as it directly affects the organizations managing their workforce. From an HRM standpoint, brain drain creates challenges in talent acquisition, retention, employees’ motivation and career development . When skilled prof...