ATTRITION RATE

What is Attrition Rate

- A factor, normally expressed as a percentage, reflecting the degree of losses of personnel or materiel due to various causes within a specified period of time
- The rate of shrinkage of manpower in size or number.
- Reduction of employees by retirement, resignation & layoff.
- A term used to describe voluntary and involuntary terminations, deaths, and employee retirements that result in a reduction to the employer’s physical workforce.
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