This post was originally published on this site
Employee attrition and retention are like peas in a pod: attrition is the peas and employee retention is the pod. Companies must address them as a package deal, even though they’re not the same.
When employee retention is low, you have a problem: Happiness is down, engagement is off, or staff are leaving for better opportunities in a strong economy. High employee attrition might not signal a problem, but it’s still something you need to address.
In this article, we’ll cover everything you need to know about calculating and improving attrition rates at your organization, including:
Attrition vs. retention