Employee Attrition: Meaning, Impact & Attrition Rate Calculation
Analytics in HR
AUGUST 3, 2023
Tracey Power, Chief People Officer at a talent solutions company Vaco , points out the negative consequences of employee attrition: “Employee attrition can impact strategic plans due to a lack of skills to deliver on projects or key initiatives. The company is laying off 5% of its workforce by 2025 to boost profitability.
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