What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas.
But not only can turnover and attrition have potential upsides, they can also provide insights about what your organization does well and where it can improve.
Let’s look more closely at attrition and turnover to get some clarity on these important concepts.
What is employee attrition?
Attrition is just the reduction of something. In business, employee attrition is a reduction