i am working for year long project ie Attrition rate in IT industry ( from employee point of view ). Plz anybody can help me with any kind of data . My email id is [IMG]https://www.citehr.com/misc.php?do=email_dev&email=dm9yYS5zd2V0YUBnbWFpbC 5jb20=[/IMG]
Thanks
From India, Navsari
Thanks
From India, Navsari
Dear Sweta,
I work for an IT company myself and sorta looking for the same details... I can certainly help you with the method of calculating the attrition rate, as my colleague is quite experienced in this (Aditi Mohile)... it is as follows
Attrition Rate = Total Number of Resigns per month (Whether voluntary or forced) /
Total No. of emp. at the beginning of the month + total No. Of new
Joinees - total No. of resignations*100
eg. Attrition Rate
Number of resignations = 2
Number of Employees at the beginning of the mth = 50
New Joinees = 5
AR = 2/50+5-2*100
= 2/53*100
=3.77%
Hope this helps...
Thanks & Regards,
Reagan Lemos
From India, Mumbai
I work for an IT company myself and sorta looking for the same details... I can certainly help you with the method of calculating the attrition rate, as my colleague is quite experienced in this (Aditi Mohile)... it is as follows
Attrition Rate = Total Number of Resigns per month (Whether voluntary or forced) /
Total No. of emp. at the beginning of the month + total No. Of new
Joinees - total No. of resignations*100
eg. Attrition Rate
Number of resignations = 2
Number of Employees at the beginning of the mth = 50
New Joinees = 5
AR = 2/50+5-2*100
= 2/53*100
=3.77%
Hope this helps...
Thanks & Regards,
Reagan Lemos
From India, Mumbai
Thats very informative, thanks for it Reagan. The high attrition rate in the IT industry has always been its greatest concern and a subject of much analysis and debate. Organisations use different methodologies for calculating their turnover rate.The approach to this calculation might vary from organisation to organisation.
I came across this on web that the attrition rate remains a debatable area as there is no standard formula to calculate it, lists a few of them:
From India, Mangaluru
5I came across this on web that the attrition rate remains a debatable area as there is no standard formula to calculate it, lists a few of them:
- The employee base changes each month. So if a company has 1,000 employees in April 2004 and 2,000 in March 2005, then they may take their base as 2,000 or as 1,500 (average for the year). If the number of employees who left is 300, then the attrition figure could be 15 percent or 20 percent depending on what base you take.
- Many firms may not include attrition of freshers who leave because of higher studies or within three months of joining.
- In some cases, attrition of poor performers may also not be treated as attrition.
- Essentially, the attrition number is also a PR or stock/analyst statement and is prone to dressing up.
From India, Mangaluru
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Attrition-rate- in-different-se ctors_906.jpg
Attrition-rate- Template.xls
Attrition Rate formula.pdf