at⋅tri⋅tion
[uh-trish-uh
n]
| 1. | a reduction or decrease in numbers, size, or strength: Our club has had a high rate of attrition because so many members have moved away. |
| 2. | a wearing down or weakening of resistance, esp. as a result of continuous pressure or harassment: The enemy surrounded the town and conducted a war of attrition. |
| 3. | a gradual reduction in work force without firing of personnel, as when workers resign or retire and are not replaced. |
| 4. | the act of rubbing against something; friction. |
| 5. | a wearing down or away by friction; abrasion. |
| 6. | Theology. imperfect contrition. See under contrition (def. 2). |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Attrition
At*tri"tion\, n. [L. attritio: cf. F. attrition.]1. The act of rubbing together; friction; the act of wearing by friction, or by rubbing substances together; abrasion. Effected by attrition of the inward stomach. --Arbuthnot. 2. The state of being worn. --Johnson. 3. (Theol.) Grief for sin arising only from fear of punishment or feelings of shame. See Contrition. --Wallis.Cite This Source
attrition
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Attrition
The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry.
Investopedia Commentary
This type of reduction in staff is one way a company can decrease labor costs: the company simply waits for its employees to leave and freezes hiring. Such a method contrasts the more severe labor-reduction techniques, such as mass layoffs. Waiting for attrition is usually better for company morale.
Related Links
Surveying The Employment Report
Understanding the Consumer Confidence Index
See also: Downsize, Golden Boot, Layoff, Restructuring, Severance Pay
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Main Entry: at·tri·tion
Pronunciation: &-'trish-&n
Function: noun
: the act of rubbing together; also : the act ofwearing or grinding down by friction <attrition of teeth> —at·tri·tion·al /-'trish-n&l, -'trish-&n-&l/ adjective
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attrition at·tri·tion (ə-trĭsh'ən)
n.
A wearing away by friction or rubbing, such as the loss of tooth structure caused by abrasive foods or grinding of the teeth.
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