In this blog, we’ll discuss types of employee attrition, employee attrition analysis, employee attrition rate formula, employee attrition vs turnover, and many more.
2. What Is
Employee
Attrition?
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Employee attrition occurs when your workforce
reduces over time as a result of unavoidable
factors such as employee leaving for personal
or professional reasons. Employees are leaving
their jobs at a faster pace than they are being
hired, and this is often beyond the employer's
control.
3. Reasons for
Employee Attrition
Retirement - Employees reach a certain age and make
the decision to retire.
Resignation for personal or life events - Employees may
resign for personal or life reasons unrelated to their jobs.
An employee may, for example, relocate due to the job of
a spouse or partner, or they may have a new child and
choose not to work. Other employees may depart for
personal reasons that the organisation is unaware of.
Employees who have taken a personal leave of absence
are not permitted to return to work.
Switching careers - Employees may choose to go back to
school or change careers.
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4. Final
Thoughts
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Many companies focus primarily on employee turnover
rates, which can lead to the removal of crucial data. You
need to know if your company is losing people, why they
are leaving, and what you can do to replace skill gaps.
According to recent study, most people depart for
reasons that companies might change.
Check out everything about employee attrition at
https://www.cutehr.io/employee-attrition/
https://www.cutehr.io/