Definitions from the Web
- Labour Attrition
- Noun
- The gradual reduction in the workforce of an organization over a period of time due to resignations, retirements, or other reasons.
- Example Sentence: The company experienced high labour attrition after implementing the new cost-cutting measures.
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- Noun
- The process of losing skilled or experienced workers, typically due to the lack of job satisfaction, unfavorable working conditions, or insufficient compensation.
- Example Sentence: The company needs to address the key factors leading to labour attrition in order to retain their top talent.
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- Noun
- The act of the workforce diminishing in numbers as a result of natural or economic factors, such as a decline in birth rates or economic recession.
- Example Sentence: The country is facing labour attrition due to a shrinking birth rate and an aging population.
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- Adjective
- Referring to a phenomenon or situation that causes a decline in the number of workers within an organization or industry.
- Example Sentence: The company is facing challenges in filling open positions due to the labour attrition rate in the local market.
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