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Learn the meaning of attrition, a noun that describes a gradual reduction or weakening of something, especially in business, education or war. Find out how to use it in sentences and explore related words and phrases.
Learn the origin, synonyms, and usage of the word attrition, which can mean sorrow, friction, weakening, or reduction. See examples of attrition in sentences and related words.
- What Is Attrition in Business?
- Understanding Attrition
- Types of Attrition
- Benefits of Attrition
- The Attrition Rate
- Attrition vs. Layoffs
- Attrition vs. Turnover
- The Bottom Line
- GeneratedCaptionsTabForHeroSec
The term attrition refers to a gradual but deliberate reduction in staff numbers that occurs as employees leave a company and are not replaced. It is commonly used to describe the downsizing of a firm's employee pool by human resources(HR) professionals. In this case, downsizing is voluntary, where employees either resign or retire and aren't repla...
Employee attrition refers to the deliberate downsizing of a company's workforce. Downsizing happens when employees resign or retire. This type of reduction in staff is called a hiring freeze. It is one way a company can decrease labor costswithout the disruption of layoffs. There are a number of reasons why employee attrition takes place.They inclu...
Voluntary Attrition
Voluntary attrition occurs when employees leave a company of their own volition. Employees leaving voluntarily may indicate that there are problems at the company. Or, it may mean that people have personal reasons for departing that are unrelated to the business. For example, some employees voluntarily leave when they get a new job elsewhere. They may be moving to a new area which makes the commute impossible. They might have decided to try a different career and therefore need a different ty...
Involuntary Attrition
Involuntary attrition occurs when the business dismisses employees. This can happen because of an employee's poor or disruptive performance. Dismissal might be tied to an employee's misconduct. Companies may have to eliminate an employee's position. Or, they might have to lay off employees due to worrisome economic conditions.
Internal Attrition
Internal attrition refers to movement out of one department or division and into another. The employee isn't leaving the company. They're simply making a move within it. For instance, internal attrition can occur when an employee gets promoted to a different management level. Or, they move laterally to a different section because a job there was more suitable. Internal attrition can signal that a company offers good opportunities for career growth. On the other hand, if one department has a h...
Attrition has its positive aspects. By its simplest definition, it's a natural diminishing of the workforce. This can be welcome when the economy is in bad shape or a recession looms and, if not for attrition, a company would face the prospect of having to lay off employees (when it doesn't want to lose them). Here are other times when attrition mi...
The attrition rate is the rate at which people leave a company during a particular period of time. It's useful for a business to track attrition rates over time so it can see whether departures are increasing or decreasing. A change in the attrition rate can alert management to potential problems within the company that may be causing employee depa...
Sometimes, employees choose to leave an existing job to take a new one or because they're retiring. An attrition policy takes advantage of such voluntary departures to reduce overall staff. Laying off employees doesn't involve a voluntary action on the part of the employee. However, layoffs do result in attrition when a company doesn't immediately ...
Turnovertakes place in a company's workforce when people leave their job and are replaced by new employees. In such instances, there is no attrition. Employee turnover is generally counted within a one-year period.This loss of talent occurs in a company for many reasons. As with voluntary attrition, employees may retire, relocate, find a better job...
Attrition refers to the gradual but deliberate reduction in staff that occurs as employees leave a company and aren't replaced. Employees may leave voluntarily or involuntarily. Or, they may simply move from one department to another. In that case, attrition occurs when the former department doesn't replace the employee. Employees may also leave fo...
Attrition is the gradual reduction of staff or customers in a company. Learn about the different types of attrition, how to calculate the attrition rate, and the pros and cons of attrition for businesses.
Attrition definition: a reduction or decrease in numbers, size, or strength. See examples of ATTRITION used in a sentence.
Learn the meaning of attrition, a noun that describes a gradual reduction or weakening of something, especially in business, education or war. Find out how to use it in sentences and explore related words and phrases.
Attrition is when rocks that the sea is carrying knock against each other. They break apart to become smaller and more rounded. Learn about and revise coastal processes such as weathering and erosion with GCSE Bitesize Geography (AQA).
Mar 10, 2023 · Learn what attrition is, why it's important to manage it and how to reduce it in your organization. Find out the four types of attrition and the five steps to control it effectively.
