What Is Attrition?
Attrition refers to a gradual but deliberate reduction in staff numbers that occurs as employees retire or resign and are not replaced.
It is commonly used to describe downsizing a firm’s employee by human resources (HR) professionals. In this case, downsizing is either voluntary, where employees either resign or retire and aren’t replaced by the company.
Attrition can be either voluntary or involuntary. Voluntary attrition occurs when employees leave on their own. Involuntary attrition, on the other hand, takes place when the company decides to reduce the workforce by cutting posts.