attrition rates

Attrition rates refer to the percentage at which individuals leave a group over a specific period. In a business context, it often pertains to employees who resign, retire, or are laid off. A high attrition rate can indicate dissatisfaction, poor work conditions, or better opportunities elsewhere. Conversely, a low rate suggests stability and employee retention. Understanding attrition rates helps organizations assess their workforce dynamics, implement improvements, and enhance overall productivity by fostering a positive work environment that encourages employees to stay.