Month: September 2024

Attrition is also called workforce turnover or employee churn, referring to the rate of employee exits from a company.

HR turnover refers to the rate at which employees leave a company and need to be replaced, impacting workforce stability.

Attrition may include employee deaths in some calculations, though it is more commonly associated with voluntary exits.

The five modes of attrition include voluntary resignations, retirements, layoffs, dismissals, and employee deaths.

In the BPO industry, attrition refers to the high turnover rates commonly seen in call centers and other outsourcing services.

High attrition rates can be a risk for businesses, affecting productivity, employee morale, and long-term business growth.

A 10% attrition rate can be considered high or low depending on the industry, with some sectors having higher turnover norms.

A 20% attrition rate is considered high in most industries, indicating a significant challenge with employee retention.

Calculating attrition involves dividing the number of employees who leave by the total number of employees over a set period.

Attrition refers to the gradual reduction of a workforce due to voluntary exits, retirements, or other forms of employee turnover.