Last post September 13, 2019 11:12 AM by debora. 1 repiles.
Can anyone plz tell me what is the difference between turnover and attrition?
Thanks in advance
Attrition is the gradual reduction in the workforce through resignation, retirement and death. Turnover is a change in the workforce due to quits, discharge and layoff. The difference being that in one case the workforce is reduced while in the other it is, in the least, maintained or expanded.
According to me, turnover is the number of workers hired by an establishment to replace those who have left in a given period of time. so u can say its just an abrupt change or reversal in workforce.
attrition is the reduction in the number of employees through retirement, resignation or death". "the rate of shrinkage in size or number" these are the text difference between the two.
"Turnover" and "Attrition" are human resource terms that are often times confused. Employee turnover and attrition both occur when an employee leaves the company. Turnover , however, is from several different actions such as discharge, termination, resignation or abandonment.
Attrition occurs when an employee retires or when the employer eliminates the position. The big difference between the two is that when turnover occurs, the company seeks someone to replace the employee. But in the case of attrition, the employer leaves that vacancy unfilled or eliminates that job role .