Attrition

Attrition refers to a reduction or decrease in numbers, size, or strength. In a business context, it often describes the gradual loss of employees through resignation, retirement, or other means, rather than through layoffs or dismissals. High attrition rates can indicate underlying issues within an organization, such as poor job satisfaction or inadequate management, while low attrition rates may suggest a positive work environment. Monitoring attrition rates helps organizations assess turnover patterns, employee satisfaction, and workplace stability, often informing retention strategies.