Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Definition of glossary by lexico oxford english dictionary. Attrition warfare is a military strategy consisting of belligerent attempts to win a war by wearing down the enemy to the point of collapse through continuous losses in personnel and material. Attrition warfare represents an attempt to grind down an opponent and its superior numbers, which is the opposite of the usual principles of war in which one attempts to achieve decisive victories by using minimal necessary resources and in minimal amount of time, through manoeuvre, concentration of force, surprise, and related tactics. Other times, however, attrition may be a sign of a weak company or organization unable to attract talent. Conceptually, the term employeelabor turnover underwent a change during the last quarter of the 20th century. Attrition in the job market refers to a process of relying on voluntary quits, deaths, and retirements to reduce an employers labor force instead of resorting to dismissal of workers. Mar 25, 2019 attrition, in human resource terminology, refers to the phenomenon of the employees leaving the company. Attrition in business can mean the reduction in staff and employees in a company through normal means, such as retirement and resignation, the loss. Call center agent turnover and retention offers triedandtrue practices and insights on. Attrition definition, a reduction or decrease in numbers, size, or strength. Customer attrition directly influences profit and growth. Attritions article about attritions by the free dictionary. Attrition, in human resource terminology, refers to the phenomenon of the employees leaving the company.
Taxi dogs customer attrition rate for last month is 7. Employee movement is an unavoidable aspect of doing business. Easytouse free business glossary with over 20,000 terms. Uncover the factors that lead to employee attrition and explore important questions such as show me a breakdown of distance from home by job role and attrition or compare average monthly income by education and attrition. The websters dictionary defines the term attrition as the process or state of being gradually worn down. Attrition rate is also commonly referred to as churn rate.
Best ways to control employee attrition managing things at work recruiting potential employees motivating the employees are the common things that are carried out in the company. You can complete the definition of attrition given by the english definition dictionary with other english dictionaries. What is the meaning of attrition used in hr the meaning of attrition in a work environment refers to a reduction or decrease in the size or strength the work force, or a gradual reduction in labor occurring through means other than firing employees. All of these are signs of healthy employment patterns and are not indicators that your company has a problem with attrition. Attrition as a sales term refers to customer loss and retention. A gradual reduction in number or strength because of stress or military action.
Attrition rate is also referred as churn rate or turnover. For a matter of fact, the employee attrition statistics have improved in the recent years. The word attrition comes from the latin root atterere to rub against, similar to the grinding down of the opponents forces in. Attrition article about attrition by the free dictionary. Attrition is a process in which you steadily reduce the strength of an enemy by. Good retention practices focus not only on what the employee is contributing to the company, but also focus on how the manager can create a climate so that the. Using machine learning to predict and explain employee. Attrition medicine, epidemiology, loss of participants during an experiment. This approach works well when attrition is compiled across a large number of employees, and less likely to work when the estimate is derived from a small employee base.
The term attrition, which is most familiar in the context of human resources or personnel, is also used in sales. Progressive call centers have taken a proactive approach to the battle against attrition with agentcentric processes designed to find, develop and keep topperformers. To that end, given the demographics of our workforce, we plan to achieve much of this reduction via attrition and earlyretirement programs. Search attrition and thousands of other words in english definition and synonym dictionary from reverso. Informed by the unique cambridge english corpus, the dictionary has over 35,000 words, phrases, and meanings, and includes business specific vocabulary such as quantitative easing, crowdsourcing.
Attrition weathering, the wearing away of rocks in the sea. Jan 22, 2018 browse the definition and meaning of more terms similar to market attrition. Imperfect contrition, also known as attrition, in catholic theology. Understanding the costs associated with agent turnover. Language attrition, the loss of a first or second language or a portion of that language by either a community or an individual. Jul 24, 2018 the attrition percentage a potentially more accurate approach is a simple one.
A common attrition rate definition refers to employee or staff turnover, but in a broader sense, attrition rate is a calculation of the number of individuals or items that vacate or move out of a larger, collective group over a specified time frame. Attrition definition of attrition by medical dictionary. You find a question and answer section, a glossary, a list of books, a dealers list and more. Search the worlds most comprehensive index of fulltext books. Geography the grinding down of rock particles by friction during transportation by water, wind, or ice 2. The cambridge business english dictionary is ideal for business english students, business studies students and anyone using english in their work. Companies use them to measures subscriber or customer losses, sometimes calling it a churn rate. Our club has had a high rate of attrition because so many members have moved away. Attrition in business can mean the reduction in staff and employees in a company through normal means, such as retirement and resignation, the loss of customers or clients to old age or growing. May 03, 2019 attrition in business can mean the reduction in staff and employees in a company through normal means, such as retirement and resignation, the loss of customers or clients to old age or growing. Attrition definition and meaning collins english dictionary. Attrition in a company is usually measured with a metric called attrition rate, which simply measures the no of employees moving out of the company voluntary resigning or laid off by the company. Workers graduate from school, leave the area or move on to other opportunities better suited to their skills.
Attrition is a process in which you steadily reduce the strength of an enemy by continually attacking them. The management dictionary covers over 7000 business concepts from 6 categories. In a natural oligopoly context, the k 1 lowestvalue firms drop out instantaneously, even though each firms value is. This is an important issue, since the companys actual compensation expense during the budget pe. One form of sample attrition occurs in longitudinal research when the subjects studied drop out. Attrition erosion, the wearing away of rocks in rivers or the sea. Theol sorrow for sin arising from fear of damnation, esp as contrasted with contrition, which arises purely from love of god attritiontrish. Join the most influential data and ai event in europe. Attrition rate, in the business world, refers either to lost customers or employee turnover. Attrition rate can be defined either by customer or by product. Customer attrition, a business term used to describe loss of clients or customers. Attrition occurs when cases are lost from a sample over time or over a series of sequential processes. Attrition rates measure how much of something your business loses. Attrition meaning in the cambridge english dictionary.
Attrition definition of attrition by merriamwebster. War of attrition game, a model of aggression in game theory loss of personnel by withdrawal military. In dentistry, physiologic loss of tooth structure caused by the abrasive character of food or by bruxism. No matter how big and strong the company is there are a lot of problems that companies face from time to time.
Understanding and tracking customer attrition helps businesses improve customer. The unpredictable and uncontrollable, but normal, reduction of work force due to resignations, retirement, sickness, or death. Attrition definition, importance, steps, types, formula. The generalized war of attrition stanford graduate.
We recently used two new techniques to predict and explain employee turnover. Attrition definition is sorrow for ones sins that arises from a motive other than that of the love of god. Attrition definition of attrition by the free dictionary. With the recovery over the recession, people tend to find comfortable jobs that suit them which result into them staying with the company for a. English dictionary definition of rate of attrition. The war will usually be won by the side with greater such resources. Language attrition, loss of first language ability by multilingual speakers second language attrition, loss of second language ability. War of attrition, fought between egypt and israel from 1968 to 1970. Due to flood, ration is available in very limited amount. Gradual wearing away over time of the customer loyalty to a brand in absence of effective promotion. Steps like these have helped it shrink its workforce through attrition, from a peak of 804,000 in 1999 to 701,000 today. Employee attrition churn is a major cost to an organization. Business definition is a usually commercial or mercantile activity engaged in as a means of livelihood.
The guessing game of attrition budgeting a significant issue in businesses with large numbers of employees is estimating the proportion of them that will leave the company during a budget period. The definition of attrition means wearing down or wasting away, or the natural decline in the number of people working in an organization. Forecasting battle casualties and equipment losses in modern war 9780963869234. At a university or place of work, attrition is the decrease in the number of students or employees caused by people leaving and not being replaced. This is a fictional data set created by ibm data scientists. The books homepage helps you explore earths biggest bookstore without ever leaving the comfort of your couch. As per the study by society of human resource management in 20, the average voluntary turnover in all industry was declined to 9% from that of % in 2010. In either case, it is the number lost divided by the number at the start of the period and is typically expressed as a percentage % of all productscustomers and on a monthly or annual basis.