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How Does Attrition Rate Impact Your Business?

BerniePortal

Attrition rate is the loss of employees or customers who are ultimately not replaced. This differs from the turnover rate , which simply tracks lost employees or customers. higher attrition rates as the more vacant roles there are, the more difficult it is to fill them all.

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Employee Attrition: Understanding the Definition, Examples, and Implications in HRM

Qandle

Employee attrition is a significant phenomenon in the realm of Human Resource Management (HRM) that has far-reaching implications for businesses. Understanding Employee Attrition: Employee attrition refers to the natural process of reduction in a company’s workforce due to voluntary resignations, retirements, or other reasons.

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Building a better talent development strategy for your business

Business Management Daily

Creating a strong future for your company takes more than just hard work—it also requires long-term succession planning. What does it take to get great candidates to join your company and stay there? In this blog, we’re talking about how to build a strong talent development strategy.

Media 59
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The Positive Spiral of Frequent Employee Appreciation

Achievers

What if just one change to your workplace culture could foster employee engagement, boost productivity, strengthen teams, and positively impact your company’s bottom line? Does this sound too good to be true? A great example of how this works is a case study done wit h Discover. Case studies prove otherwise.

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What does acceptable attrition look like? 

LACE Partners

In this week’s blog we hear from LACE Partners CEO and Co-Founder Aaron Alburey on a topic never far from the HR Director’s agenda: attrition. He shares trends over time and discusses how you can get balance right between retaining talent and corporate memory but also bringing fresh ideas into the business. No, it isn’t.

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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee attrition? Attrition is just the reduction of something.

IT 77
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DEI in the Face of Change: Sustaining Diversity, Equity, and Inclusion Efforts After a RIF

15Five

While the decision to reduce the size of your workforce may be made by your CEO, CFO or Board, the burden to manage the fallout of the decision and mitigate the impact on your remaining employees often falls to HR. So how can HR & DEI leaders sustain DEI efforts after a RIF?

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