Glossary / Attrition Rate
Attrition rate refers to the rate at which employees leave a company over a specific period of time. It is typically expressed as a percentage and is used as a measure of employee turnover. A high attrition rate can indicate issues within the company, such as poor management, low employee satisfaction, or lack of career growth opportunities. On the other hand, a low attrition rate suggests that employees are more likely to stay with the company for a longer period of time, which can be a positive indicator of a healthy work environment.