{"id":6586,"date":"2022-01-17T11:54:49","date_gmt":"2022-01-17T11:54:49","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/shrinkage\/"},"modified":"2022-04-20T10:44:57","modified_gmt":"2022-04-20T05:14:57","slug":"shrinkage","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/shrinkage","title":{"rendered":"Shrinkage"},"content":{"rendered":"

Shrinkage could refer to the loss of human resources in a small business. Whether the company shuts down altogether or whether the business owner decides to sell it and retire, the information on this page will help you through the process of letting employees know about the situation, updating payroll records, and more.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-6586","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Shrinkage? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Call centers use the term shrinkage to describe this period of time when people are not available to answer calls.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/shrinkage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shrinkage\" \/>\n<meta property=\"og:description\" content=\"Call centers use the term shrinkage to describe this period of time when people are not available to answer calls.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/shrinkage\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-20T05:14:57+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/shrinkage\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/shrinkage\",\"name\":\"What is Shrinkage? 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