Attrition is the rate of employee departures from a given organization. This includes employees leaving under various circumstances such as retirement, resignation, dismissal, and death.
The attrition rate measures how many people leave an organization in a given period. This can be calculated by the formula mentioned below:
Number of employees leaving within the month / Average number of employees x 100
Types of attrition
There are two types of attrition in the recruitment industry:
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