ATTRITION

•Attrition of HR can be defined as reduction in the number of employees

through retirement, resignation or death

FORMULA

1) Actual Employees No. Of people left No. Of Joined Total Employees

(Opening BAL) (Attritions) (Current Headcount)

150 20 25 155

So according to the formula: ((20 x 100) / (150 + 25)) / 100

Which comes to 0.1142 i.e. 11%

Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175

Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20

Which clearly shows that 175 - 20 = 155, which is your current headcount and at the same time
you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined
which makes count to 175.

SMARTSIZING

The process of reducing the size of a company by making incompetent and inefficient employees
redundant

RIGHTSIZING

 The process by which organizations determine and maintain only right employment for
its requirements and increase their efficiency and repute

 Downsizing a company's workforce to the point where the number of employees

remaining is deemed to be "right" for the company's current condition.

DOWNSIZING

 Refers to the permanent reduction of a company's workforce and is generally associated with
corporate reorganization, or creating a "leaner, meaner" company.

 Downsizings such as these are also commonly called reorganizing, reengineering, restructuring,
or rightsizing.
DAWNAGING

When companies lower the average age of their employees, either by laying off older
workers or by replacing them with younger workers.
CAPSIZING
The reduction of a workforce to the point where the company goes under.
BOOMERANG

 An employee who quits to take another job and later returns to the company.

 An employee who is laid off and then rehired as a consultant

BRIGHTSIZING
Corporate downsizing in which the brightest workers are let go.
DUMBSIZING
Reducing the size of a company's workforce to such an extent that the company becomes
unprofitable or inefficient. Also: dumb-size.
—dumbsize v. —dumbsizer n.
RIGHTSHORING
Restructuring a company's workforce to find the optimum mix of jobs performed locally and
jobs moved to foreign countries.
ACT

An "Act" is a law passed by a legislative body.

ORDINANCE

An "Ordinance" usually has to do with municipal governments, such as a county or city.

Example: A law setting zoning standards for a community

DIFFERENCE BETWEEN VALID AND RELIABLE

RELIABILITY
Is the extent to which how you measure a variable or concept is consistent, so that repeated
measures would yield similar results.
VALIDITY
Is the extent to which you actually measure what you say you are measuring.
"VALID" is used when something is proved to be true

"RELIABLE" is based on past preference and known for the correctness or truthfulness of the
person, place, or thing
SUBMITTED TO AAMIR RIAZ

SUBMITTED BY MOHAMMAD WAQAS

ROLL# 515

DEPARMENT MANAGEMENT SCIENCE

CLASS MBA (MOR)

TOPIC

 DOWNSIZING

 RIGHTSIZING

 RELIABILITY AND
VALIDITY

 SMARTSIZING

 ATTRITION
GC UNIVERSITY FAISALABAD