Attrition
Attrition is the process of reducing an HR surplus by allowing the size of the workforce to decline naturally because of the normal pattern of losses associated with retirement, deaths, voluntary turnover, etc.
Webster Dictionary Meaning
1. Attrition
- The act of rubbing together; friction; the act of
wearing by friction, or by rubbing substances together; abrasion.- The state of being worn.
- Grief for sin arising only from fear of punishment or feelings of shame. See Contrition.
Category: HRM & Labor Studies
Previous: ← HR deficit
Next: Hiring freeze →
More from this Section
- Organizational transformation
Organizational transformation refers to organization-wide changes, such as restructuring ... - Compressed Workweek
Compressed workweek schedules, which mean employees work fewer days each week, but each ... - Manpower planning
Manpower planning is the process of assessing an employer’s current workforce content ... - Welfare plan
Welfare plan is a plan designed to provide employees with coverage for medical or hospital ... - 401(k) Plan
401(k) plan- the most popular defined contribution plans are based on section 401 (k) ...