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Churn Rate
(redirected from attrition rate)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Churn Rate
The rate at which customers terminate their relationships with a company over a given period of time. For example, if five customers in 50 discontinue their cable every month, the churn rate is 5%. The church rate contrasts with the growth rate, which, in this case, is defined as the number of new clients or customers. If a company is to grow, the growth rate must consistently exceed the churn rate. The churn rate is important in the telecommunications industry, where several companies operate in a geographical area and compete for customers.


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Although there is a natural cycle of attrition within the Islamic finance marketplace--and this is inevitable--it is nowhere near the attrition rate of conventional finance.
In this fast paced corporate world, career counseling has become extremely important Companies are increasingly facing a higher attrition rate In this fast paced corporate world, career counseling has become extremely important.
However, one of the most expensive costs to the business is the 20% to 30% staff attrition rate which many contact centres cite as their biggest problem.
 
 
 
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