Attrition

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Dictionary Says

Definition of 'Attrition'


The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry.

Investopedia Says

Investopedia explains 'Attrition'


This type of reduction in staff is one way a company can decrease labor costs: the company simply waits for its employees to leave and freezes hiring. Such a method contrasts the more severe labor-reduction techniques, such as mass layoffs. Waiting for attrition is usually better for company morale.

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