Employee Attrition is the withdrawal of employees from their employer’s payroll, either through dismissal or resignation. It is common for attrition rates to vary by year a company experiences. A higher attrition rate is not considered suitable for the business as it affects employee stability and can lead to loss of productivity and increase the workload for remaining employees. However, if a company monitors and reduces staff turnover, it will benefit from increased organizational stability and experience lower costs associated with recruiting and training new employees.
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