1.Attrition: Attrition of HR can be defined as reduction in the number of employees through retirement, resignation or death 2.

Employee Turnover : Employee turnover is the process of replacing one worker with another for any reason. 3.360 Survey: An employee feedback program whereby an employee is rated by surveys distributed to his or her co-workers, customers, and managers. 4.401(k) Plan: An employer-sponsored retirement plan that has become an expected benefit and is therefore important in attracting and retaining employees. 5.Compensation: Pay structures within an organization. It can be linked to employee appraisal. Compensation is effectively managed if performance is measured adequately. 6.Competency-based pay: Competency-based pay, alternately known as skill-based and knowledge-based pay, determines compensation by the type, breadth and depth of skills that employees gain and use in their positions