attrition

Attrition refers to the gradual reduction of a workforce when employees leave an organization, whether through resignation, retirement, or other reasons. It is a natural part of business operations and can also indicate issues like low job satisfaction or better opportunities elsewhere. Companies often track attrition rates to understand employee turnover and make improvements to retain staff. While some attrition is normal, high rates may impact productivity and increase recruitment costs. Managing attrition involves creating a positive work environment, offering competitive benefits, and addressing employee concerns to maintain a stable and motivated workforce.