What is ATTRITION?

[wesley]

Meaning – Attrition in Human resources refers to the gradual loss of employees.

Statement – If your company has high attrition, you will be forced to continuous advertise, interview and hire new employees to compensate employees who have left already.

[Manikandan]

Attrition rate calculations:

Attrition rate=((no.of attritions×100)/(actual employees+new joined))/100

[kalaivaniG]

A gradual reduction in personnel or membership because of resignation, retirement, or death, often viewed in contrast to reduction from layoffs.

[nishat Parveen]

Attrition generally refers to reduction in workforce and it is different from turnover because turnover can be many reasons like resignation,dismissal,etc

[lavanya]

The unpredictable & uncontrollable , but normal , reduction of work force due to resignation , retirement , sickness or deaths.

Loss of a material or resources due to obsolescence or spoilage.

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