Attrition
Updated:
11/12/24
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.
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.
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Revolutionize Your Hiring Process with Skills-Based Precision
Experience how Bryq can transform your organization into a skills-first powerhouse. Request a demo today and see how our science-driven platform accelerates hiring, elevates quality, and fosters inclusivity—all in record time.
Revolutionize Your Hiring Process with Skills-Based Precision
Experience how Bryq can transform your organization into a skills-first powerhouse. Request a demo today and see how our science-driven platform accelerates hiring, elevates quality, and fosters inclusivity—all in record time.
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Are you a talent looking to elevate your career?
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Are you a talent looking to elevate your career?
Explore your strengths and weaknesses with our free Self-Discovery Assessment.