I have written a short guide to the various definitions of employee turnover, employee attrition etc and how to calculate employee turnover.
You can download the guide using this link:
Attrition is reduction in force by means of resignations, retirements and death.
Turnover is defined as a change in the workforce due to accessions, quits, discharges, and layoffs.
The difference being that attrition is a function of a declining workforce, whereas turnover is the function of a stable or expanding workforce.
The general measure of turnover is a percentage, derived from the number of separations divided by the total number of workers on the payroll.
Ex.: 10,000 employees left a workforce of 5,000
10,000/5000 = 10/5 = 2/1 = 200%
I think both of them are same
attrition is a typical number of departures in 6 months or 1 year but the meaning of the turnover is different than the attriiton but attrition means
wearing out but it relates to employees or the leaving procedure were as turnover means profit or rotation of the annual income when ever the topic is related to some reason it must be mentioned as employee turnover then only
it is equal to the attrition
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> about attrition attrition rate cite hr collective bargaining employee attrition employee participation employee relations employee turnover general hr Location-India-Mumbai trade unions Complete List Of Categories
Interesting Relevant Discussions