Attrition Meaning In Business. Attrition is a term used to describe a rate of decline over time. A gradual reduction in the number of people who work for an organization that is achieved by not replacing those who leave.
Whether a one-time purchaser or a loyal customer over many years every customer will eventually cease his or her relationship with the business. What does attrition mean. It might be.
Most of the job losses will come through attrition.
This reduction happens continuously and is deliberate. A gradual reduction in the number of people who work for an organization that is achieved by not replacing those who leave. Some business strategies use attrition as part of a restructuring plan. Employees will at some point in time look to change their job places for a number of reasons.
