Hi All, This is teja, Can any one tell me the variation between attrition and Layoff and the reasons for that?
From India, Hyderabad
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From India, Hyderabad
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Attrition stands for the rate of labor turnover or the ratio of employees leaving the establishment as a percentage of employees on the roll on a particular date. It is a concept to show how frequently employees leave the organization, and a high rate of attrition is certainly a bad signal.
Layoff is a legal term used for temporarily closing down an establishment due to the absence of materials, power, etc. Layoff is an initiative of the employer who finds it difficult to run a factory or a division of the factory without power or materials.
Regards,
Madhu.T.K
From India, Kannur
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4526Layoff is a legal term used for temporarily closing down an establishment due to the absence of materials, power, etc. Layoff is an initiative of the employer who finds it difficult to run a factory or a division of the factory without power or materials.
Regards,
Madhu.T.K
From India, Kannur
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Attrition-rate. xls