Attrition

Business, Legal & Accounting Glossary

Definition: Attrition


Quick Summary of Attrition


The action or process of gradually reducing the strength or effectiveness of someone or something through sustained attack or pressure.



What is the dictionary definition of Attrition?

Dictionary Definition


  1. Wearing or grinding down by friction.
  2. The gradual reduction in a tangible or intangible resource due to causes that are passive and do not involve productive use of the resource.
  3. human resources A gradual, natural reduction in membership or personnel, as through retirement, resignation, or death.

Full Definition of Attrition


  1. The unpredictable and uncontrollable, but normal, reduction of the workforce due to resignations, retirement, sickness, or death.
  2. The Loss of a material or resource due to obsolescence or spoilage.
  3. The process of reducing something’s strength or effectiveness through sustained attack or pressure.

Examples of Attrition in a sentence


If your organisation has a high level of attrition, it’ll have a requirement to continuously advertise, interview and hire new employees in order for them to take the place of those employees who have left.


Synonyms For Attrition


wear and tear, abrasion, erosion, wear, detrition

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/attrition/
Modern Language Association (MLA):
Attrition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 16, 2020 https://payrollheaven.com/define/attrition/.
Chicago Manual of Style (CMS):
Attrition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/attrition/ (accessed: July 16, 2020).
American Psychological Association (APA):
Attrition. PayrollHeaven.com. Retrieved July 16, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/attrition/

Definition Sources


Definitions for Attrition are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May, 2020 | 24 Views.