
Managing Attrition Effectively: Importance in the Workplace
Key takeaways 1. Attrition measures the gradual reduction of employees. It is distinct from turnover, which focuses on staff replacement. 2. High attrition rates can lead to increased costs, lower morale, and disruptions in business operations. 3. Managing attrition requires a proactive approach. You can fight attrition with competitive compensation, clear career growth, and effective leadership. All these will help you create long-term organizational stability.

Vladana Donevski