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Churn rate (also known as attrition rate, turnover, customer turnover, or customer defection) [1] is a measure of the proportion of individuals or items moving out of a group over a specific period. It is one of two primary factors that determine the steady-state level of customers a business will support.
Employee attrition, employee turnover, and employee churn all refer to an employee quitting the job, and are often used as synonyms. For the first two terms, the difference is due to the context, i.e., the reasons for the employee leaving.
While attrition warfare might appear to be a strategic option for combatants possessing greater resources or asymmetric advantages over their adversaries, it also carries considerable drawbacks. Perhaps the most common reason for failure of attrition warfare is related to the time required to fulfill one's war goals.
Economic productivity has dropped during the Great Resignation because even when employees stay, they are not as productive as they were in the past. [83] In order to counter the effects of a labor shortage, many American companies, especially those in the automotive, restaurant, and food delivery industries, have opted to invest more in ...
Meanwhile, for businesses, the National Bureau of Economic Research found that the popular 3-2 pattern lowers attrition and increases efficiency. This story was originally featured on Fortune.com ...
"We are all Keynesians now" is a famous phrase attributed to Milton Friedman and later rephrased by U.S. president Richard Nixon.It is popularly associated with the reluctant embrace in a time of financial crisis of Keynesian economics, for example, fiscal stimulus, by individuals such as Nixon who had formerly favored less interventionist policies.
Teacher attrition and retention also vary based on the sector of the school (e.g., traditional public vs. charter) and whether it is located in an urban or rural area. [ 7 ] [ 8 ] The characteristics of teacher, schools, and students can even redefine the effect of salaries on teacher retention.
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution".