Attrition refers to the gradual wearing down or reduction of something through continuous and prolonged use, friction, or pressure. It can also refer to a decrease in strength or numbers due to constant loss or elimination.
Usage examples
The company's attrition rate has increased over the past year, indicating a higher turnover of employees.
Implementing employee engagement programs can help reduce attrition and increase retention rates.
The HR department is concerned about the increasing level of attrition and is conducting exit interviews to identify the reasons behind employees leaving.
Attrition can have a negative impact on team productivity and morale as new employees need to be trained frequently.
The management team is considering new strategies to address attrition, such as offering better compensation and benefits packages to retain top talent.
A high attrition rate can result in increased recruitment costs, as the company needs to constantly hire and onboard new employees.
With a turnover rate of nearly 300 %, the staffing and recruiting industry has one of the highest attrition rates of any industry in the nation. (tomgimbel.com)
He decided to pay an annual premium, considering the rate of attrition in the present scenario. (securenow.in)