What is standard attrition rate?

The standard attrition rate typically refers to the percentage of employees who leave an organization over a specific period, often expressed annually. While this rate can vary significantly by industry, a common benchmark is around 10-15% per year for most sectors. High attrition rates may indicate underlying issues within the workplace, such as low employee satisfaction or inadequate management practices. Organizations often monitor and analyze attrition rates to improve retention strategies and maintain a stable workforce.