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Seen from the Northern Latitudes, the Star Polaris

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Seen from the northern latitudes, the star Polaris


Definitions:

Attrition

The process of reducing an HR surplus by allowing the size of the workforce to decline naturally because of the normal pattern of losses associated with retirements, deaths, and voluntary turnover.

HR Surplus

A situation in which the organization has more human capital than it requires in order to meet its current or forecasted human capital requirements.

Workforce

The total number of a country's or an organization's employees, including both the staff and the workers.

HR Demand

The organization's projected requirement for human capital.

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