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The phrase "attrition rate reduction" is correct and usable in written English.
It can be used in contexts related to business, human resources, or any field where the decrease in the rate of attrition (loss of employees or customers) is being discussed.
Example: "Our new employee engagement strategies have led to a significant attrition rate reduction over the past year."
Alternatives: "decrease in turnover rate" or "reduction in employee loss".
Exact(1)
The average attrition rate (reduction rate of radius) was found to be approximately 0.2 0.7 nm/s.
Similar(59)
The attrition rate of 70% in the group randomised to have reduction also indicates that the treatment seems to be effective.
The attrition rate was enormous.
"We have a constant attrition rate.
"It all depends on what this attrition rate is".
Morale was low and the attrition rate was high.
The ideal attrition rate is 4 to 1.
The attrition rate has been unusually high in this Vendée.
We have a fairly low attrition rate on that stuff.
Also, police officers have a low attrition rate.
The attrition rate is even greater at the Corcoran Group.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com