wastage
/ˈweɪstɪdʒ/
noun
- The amount of something that is wasted or lost, especially through inefficiency or natural processes.
- The factory reduced material wastage by recycling scraps.
- The company calculated the wastage of electricity from old machines.
- There was a lot of food wastage at the buffet because people took more than they could eat.
- The loss of employees from a company through resignation, retirement, or death (also called attrition).
- The department experienced high wastage after the new policy was introduced.
- The HR team tracks employee wastage to improve retention.
- Natural wastage means we won't need to lay off anyone this year.