Meaning & Definition

attrition rate

The attrition rate is the rate at which employees leave an organization over a specified period, often expressed as a percentage. Monitoring attrition rates helps organizations identify trends and address underlying issues affecting employee retention. High attrition can impact productivity, morale, and recruitment costs, making it essential to implement retention strategies and create a supportive work environment. Regular analysis of attrition data informs HR practices and helps maintain a stable workforce.