Attrition and retention strategies are the practices and policies implemented by businesses in order to minimize attrition (employee turnover) and maximize employee retention. These strategies involve studying current trends within the organization, identifying at-risk employees, implementing initiatives to engage and motivate them, providing positive feedback and incentives, and offering such benefits as tuition assistance and flexible working arrangements. By utilizing these techniques, businesses can increase employee loyalty and satisfaction, resulting in enhanced productivity, higher customer satisfaction, and improved overall profitability.