Attrition is the natural reduction in an organization’s workforce due to voluntary resignations, retirements, or other departures, without being replaced, leading to a decrease in staff numbers.
- What is attrition in HR?
Answer: It is the natural reduction in workforce due to resignations or retirements without replacements. - What are the types of attrition?
Answer: Types include voluntary (e.g., quitting) and involuntary (e.g., retirement). - How does attrition affect an organization?
Answer: It can reduce costs but may also lead to knowledge loss or workload issues. - What strategies can reduce attrition?
Answer: Strategies include improving engagement, offering competitive benefits, and career development. - How is attrition rate calculated?
Answer: It is calculated by dividing the number of departures by the average number of employees over a period.
