A Career Junction report indicated that 69% of local job seekers were willing to relocate for a job, particularly younger professionals aged 21 to 30 years.
To date, almost one million professionals have left South Africa for countries such as the United Kingdom, Ireland, Australia, the USA and Canada. This exodus has led to lower productivity and higher costs for companies as they struggle to find and train replacements. The loss of talent in key sectors stifles development, severely impacting the economy.
When organisations lose top talent, it’s not just expertise and potential contributions that are lost. Economic progress is stunted at industry levels and national efforts toward sustainable development are undermined. The consequences of the brain drain extend beyond the immediate shrinking talent pool. These highly educated and skilled individuals are typically the drivers of innovation and entrepreneurial advances.