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Attrition can force a firm to identify the issues that may be causing it. It also allows companies to cut down labor costs as employees leave by choice and they're not replaced.
Attrition in business can be a good thing or a bad thing, depending on the root cause. Learn more about attrition here and what it means for you. S&P 500 +---% | Stock ...
Involuntary attrition. This refers to any attrition initiated by the organization rather than the employee. Termination and company restructuring are the most common types of involuntary attrition.
If you own a business, pay attention to workforce attrition because an employee exodus could derail the company's tactical advance, especially if you work in an environment where talent is hard to ...
The cost of employee attrition is higher than you think. The recent tech downturn has catalyzed a dramatic cooling of the once-hot tech labor market, causing more than 100,000 layoffs as of March ...
Without thoroughly analyzing customer attrition, a company cannot identify and address its root causes of attrition. Below are five tips to help a company understand its customer attrition. Tip 1.
Yet, she said, attrition isn't always something companies can control. "The point of attrition is that you're not managing it. It's something that, by and large, happens to you," she said.
Key points. Mental attrition occurs when persistent negativity weakens mental strength. Harmful habits like negative self-talk and self-sabotage can heighten mental attrition.
What Is Attrition in Business? The term attrition refers to a gradual but deliberate reduction in staff numbers that occurs as employees leave a company and are not replaced.