Attrition

Definition: Attrition is the rate at which a workforce is gradually reduced due to employees leaving a firm through normal means such as retirement, resignation and death.
It is a gradual, natural reduction in personnel (or membership), as through retirement, resignation, or death.
Contrary to forced labor reductions (firing, layoffs).
It can be also used to indicate the action of not filling openings created by voluntary resignation and normal retirements.
Also called: churn or employee turnover.

Learn more about attrition

More on termination of employment: Dismissal, Downsizing, Employee Exit Management, Employee Furlough, Exit Interview, more...

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.