attrition - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “attrition”

See all translations

attrition

noun [U]
 
 
/əˈtrɪʃən/
HR a reduction in the number of employees in a company made by not replacing those who leave, rather than forcing people to leave their jobs: The majority of jobs will go through natural attrition. Staff attrition rates are high. →  Compare natural wastage
MARKETING a reduction in the number of people who buy a product or service, for example because of its age, increased competition, etc.: We aim to minimize the rate of customer attrition.
(Definition of attrition from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of attrition?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “attrition”

Definitions of “attrition” in other dictionaries

Word of the Day

selfless

caring more for what other people need and want rather than for what you yourself need and want

Word of the Day

She’s got very good posture. (How we stand and sit)

by Kate Woodford,
May 27, 2015
Recently on this blog, we looked at the words that we use to describe the way we move. This week we’re looking at words for describing our bodies when they are still, whether we are standing or sitting. Since most of us do far too much of this, let’s start with sitting.

Read More 

ebolaphobia noun

June 01, 2015
irrational fear of the (spread of) the Ebola virus Ebolaphobia Going Viral

Read More