Question

the normal reduction in the workforce that occurs when employees leave a firm due to retirement or finding a new job is called
retirement
termination
buy out
attrition

Explanation:

• Retirement: Refers specifically to leaving due to reaching retirement age, not the general reduction when employees leave for various reasons like retirement or new jobs.
• Termination: Usually implies being fired or having employment ended by the employer, not the normal reduction from employees' own decisions like retirement or finding a new job.
• Buy - out: Involves an employee being bought out (e.g., paid to leave), which is not the normal, natural reduction from employees leaving on their own (retirement, new job).
• Attrition: Defined as the gradual reduction in a workforce due to employees leaving (voluntarily, e.g., retirement, finding a new job) rather than being laid - off or terminated.

Answer:

Attrition