Attrition Formula:
(No.of employees left in the organization/ Avg employees or total employees) X 100
some organization would take total employees to calculate attrition rate & sme takes avg employees during the year or month, depends upon monthly or yearly report.
Thanks
From Kuwait, Kuwait
(No.of employees left in the organization/ Avg employees or total employees) X 100
some organization would take total employees to calculate attrition rate & sme takes avg employees during the year or month, depends upon monthly or yearly report.
Thanks
From Kuwait, Kuwait
hii, find the attached document on attrition and retention.... if any points to be added ...kindly do it
From India, Hyderabad
From India, Hyderabad
ATTRITION RATE
(The formula and correct logic behind calculation of Attrition Rate)
((no. Of attritions x 100) / (Actual Employees + New Joined)) /100.
Examples:
1) Actual Employees No. Of people left No. Of Joined Total Employees
(Opening BAL) (Attritions) (Current Headcount)
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 – 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
From India, Bangalore
(The formula and correct logic behind calculation of Attrition Rate)
((no. Of attritions x 100) / (Actual Employees + New Joined)) /100.
Examples:
1) Actual Employees No. Of people left No. Of Joined Total Employees
(Opening BAL) (Attritions) (Current Headcount)
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 – 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
From India, Bangalore
Dear Philip,This is really helpful. May be it will be personal question, but still i would like to know, your designation, do you belong to HR? I am looking for some practical aspects of HR.Like HR Policy format for healthcare industry or any other industry, which i can customize for healthcare industry. Definitely, it is not a easy task, but will be continue touch with you all to give final shape.eagerly looking for valuable answers and postings.regards,priyanka
From India, Bhopal
From India, Bhopal
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#Subject List: healthcare industry personal question attrition rate hr policy attrition and retention attrition formula yearly report City-India-Madras Country-India
Attrition-rate. xls
Attrition-rate- in-different-se ctors_906.jpg
