Tag Archives: #RetentionROI

Are turnover and attrition the same?

Turnover and Attrition

Turnover and Attrition   No, turnover and attrition are not the same, although they are related to employee movement within an organization. Here’s an explanation of the differences between turnover and attrition: Turnover: Turnover refers to the rate at which employees leave an organization and are replaced by new hires. It is a broader term… Read More »

Why Turnover rate is important ?

Turnover Rate The turnover rate, also known as the employee attrition rate, is an important metric for organizations to monitor and analyze. Here are some reasons why the turnover rate is considered important: 1.Cost of Turnover: High turnover can be costly for businesses. When employees leave, there are expenses associated with recruiting, onboarding, and training… Read More »