Analysis of Funding for HRM and Its Relationship with Brain Drain in Greece from 2020 to 2024

Kyriaki Efthalitsidou (), Konstantinos G. Spinthiropoulos, Nikolaos Sariannidis, Konstantinos Panytsidis, Konstantina Ragazou and George Vittas
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Kyriaki Efthalitsidou: Department of Business Administration, University of Western Macedonia, 50100 Kozani, Greece
Konstantinos G. Spinthiropoulos: Department of Management Science and Technology, University of Western Macedonia, 50100 Kozani, Greece
Nikolaos Sariannidis: Department of Accounting and Finance, University of Western Macedonia, 50100 Kozani, Greece
Konstantinos Panytsidis: Department of Management Science and Technology, University of Western Macedonia, 50100 Kozani, Greece
Konstantina Ragazou: Department of Management Science and Technology, University of Western Macedonia, 50100 Kozani, Greece
George Vittas: Human Resources Management, Communication and Leadership in Organizations/Businesses, 50100 Kozani, Greece

Administrative Sciences, 2025, vol. 15, issue 6, 1-20

Abstract: This study investigates the relationship between human resource management (HRM) practices and the phenomenon of brain drain in Greece during the period 2020–2024. In the context of economic uncertainty and demographic shifts, the emigration of skilled professionals has posed serious challenges to the country’s labor market and long-term development. Employing a mixed-methods approach, the research combines quantitative data from national labor force surveys and HR statistics with qualitative insights gathered through semi-structured interviews with HR professionals and expatriates. The study applies descriptive and inferential statistical methods, including regression analysis, to examine how key HRM dimensions—such as workplace flexibility, career development, and performance-based incentives—affect employee retention. Results reveal a significant inverse relationship between HRM quality and brain drain rates, with workplace flexibility and career development emerging as critical predictors. The findings highlight the need for strategic HRM reforms tailored to the Greek context and offer evidence-based recommendations for mitigating talent outflows. This research contributes to both academic discourse and policy design by clarifying the role of HRM in supporting workforce stability in crisis-prone economies.

Keywords: human resource management (HRM); brain drain; economic-statistical analysis; HR strategies; Greece (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2025
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