Attrition is an phenomenon of decrease in the workforce of a company through natural means such as retirement or resignation. This kind of workforce reduction is natural in any industry or organizations and this will also help an organization for decreasing the labor costs.
Attrition is better in comparison with other methods of workforce reductions, such as mass layoffs. Very High attrition rate is not good for a company as this might result in lack of resources for the company and this will have its effects on performance of the company.
Attrition is better in comparison with other methods of workforce reductions, such as mass layoffs. Very High attrition rate is not good for a company as this might result in lack of resources for the company and this will have its effects on performance of the company.
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