UK Accounting Glossary
The action or process of gradually reducing the strength or effectiveness of someone or something through sustained attack or pressure.
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.
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Definitions for Attrition are sourced/syndicated and enhanced from:
This glossary post was last updated: 30th September 2019.