Definition, Meaning & Synonyms

attrition-rate

Noun

/əˈtrɪʃ.ən reɪt/

Definition

The attrition rate is a measure of the number of individuals who leave a particular group over a defined period of time, often expressed as a percentage.

Examples

Company A reported an attrition rate of 15% last year, prompting a review of employee satisfaction programs.
The high attrition rate in the industry concerns many stakeholders about the stability of the workforce.
Reducing the attrition rate is crucial for maintaining productivity and optimizing resources within the firm.

Meaning

It signifies the loss of personnel, customers, or participants in an organization or a process, indicating how well an organization retains its employees or customers.