The Cost of Workforce Attrition Attrition can affect industrial companies in several ways: ● Increased training costs: Frequent employee turnover means increased expenses for onboarding and training replacements. ● Reduced productivity: Every new hire requires time to ramp up, disrupting established worküows. ● Lower morale: High turnover can demoralize remaining employees, creating a cycle that’s hard to break. According to a report from Deloitte and The Manufacturing Institute, the manufacturing industry will need up to 3.8 million jobs ûlled between 2024 and 2033, with nearly half of these potentially going unûlled due to recruitment and retention challenges (Investopedia). This trend underscores the need for practical retention strategies to create a more stable workforce.