Employee Attrition is the natural reduction in an organization’s workforce due to voluntary resignations, retirements, or other departures without immediate replacement, impacting staffing levels.
- What is employee attrition?
Answer: It is the natural reduction in workforce due to resignations or retirements without replacement. - What are the types of employee attrition?
Answer: Types include voluntary (e.g., quitting) and involuntary (e.g., retirement). - How does attrition affect organizations?
Answer: It can reduce costs but may lead to knowledge loss or increased workload. - What factors contribute to high attrition?
Answer: Factors include poor management, low pay, or lack of growth opportunities. - How can HR manage attrition?
Answer: HR can conduct exit interviews, improve engagement, and offer competitive benefits.
