Attrition rate means to calculate the proportion of employees leaving from an organization over a specific period of time. It is a tool developed by the HR professional to measure the employee metrics. It is also known as turnover rate or churn rate.
HR professionals prepare the Attrition report monthly or yearly to monitor and rectify the causes of attritions in the organizations. What is Attrition? Attrition means the reduction in the number of employees of an organization through resignation, retirement or death. In other words, attrition is defined as a voluntary and involuntary reduction of a company’s […]