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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.
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.
Attrition (research), loss of participants during an experiment. Attrition (dental), loss of tooth structure by mechanical forces from opposing teeth; Attrition (erosion), the wearing away of rocks in rivers or the sea; Attrition, also known as Final Mission, 2018 american film; Imperfect contrition, also known as attrition, in Catholic theology
For example, closing off the Strait of Hormuz, a critical chokepoint in the global oil trade, is possible and would hurt the whole world economy and the U.S. in the process.
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 ...
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.
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...