Hi freinds, Cud you’ll help me with the meaning of TURNOVER and ATTRITION. Do they both mean the same? If no, what differentiates them? Regards Dheeraj
From Singapore, Singapore
3From Singapore, Singapore
Attrition - The no. / rate at which people leave an organisation (decline in workforce)
Turnover - Defined as a change in the workforce due to accessions, quits, discharges, and layoffs.
The difference being that attrition is a function of a declining workforce, whereas turnover is the function of a stable or expanding workforce.
The general measure of turnover is a percentage, derived from the number of separations divided by the total number of workers on the payroll.
Ex.: 10,000 employees left a workforce of 5,000
10,000/5000 = 10/5 = 2/1 = 200%
Cheers
K
From India, Madras
Turnover - Defined as a change in the workforce due to accessions, quits, discharges, and layoffs.
The difference being that attrition is a function of a declining workforce, whereas turnover is the function of a stable or expanding workforce.
The general measure of turnover is a percentage, derived from the number of separations divided by the total number of workers on the payroll.
Ex.: 10,000 employees left a workforce of 5,000
10,000/5000 = 10/5 = 2/1 = 200%
Cheers
K
From India, Madras
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