Every year almost half of the Portugal’s graduates leave in search of better work and living conditions elsewhere in Europe.
Photographer: Patricia De Melo Moreira/BloombergAs Digital Nomads Flock to Lisbon, Portugal’s Youth Are Leaving in Droves
Companies say they have been left critically short of young talent as graduates seek better working conditions elsewhere.
For a company that operates from what is regularly dubbed the digital nomad capital of Europe, Banco Comercial Portugues SA is having a surprisingly difficult time recruiting young people with numeracy and tech skills.
Portugal’s biggest publicly traded lender needs engineers, mathematicians and digital marketers to help build out its internet banking platform, but a brain drain in the decade since the country’s sovereign debt crisis has left the country short of young talent. Every year almost 40% of the nation’s graduates leave in search of better work and living conditions elsewhere, according to Business Roundtable Portugal, a group of the country’s biggest private companies.