Dear All, Please le me know what is the most acceptablr formula for calculating annualised attrition rate. Please help. Regards, Sachin hr.sachin@rediffmail.com
From India, Chandigarh
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From India, Chandigarh
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Hello,
Can I ask you one thing? The total number of employees minus the total number of employees who have left will equal the total number of present employees, right? Subtracting the total number of present employees from this figure means it will be one (1).
Please explain this.
Thank you,
Jaleel
From United Arab Emirates, Dubai
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3Can I ask you one thing? The total number of employees minus the total number of employees who have left will equal the total number of present employees, right? Subtracting the total number of present employees from this figure means it will be one (1).
Please explain this.
Thank you,
Jaleel
From United Arab Emirates, Dubai
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Annualized attrition percentage calculation will be as follows:
((Total number of employees left (Apr-08 to Feb-09) / average number of employees during the period (average of opening i.e. 1-Apr-08 and closing balance i.e. 31-Mar-09))*12 months / 11 months i.e. Apr-08 to Feb-09)
From India, Bangalore
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((Total number of employees left (Apr-08 to Feb-09) / average number of employees during the period (average of opening i.e. 1-Apr-08 and closing balance i.e. 31-Mar-09))*12 months / 11 months i.e. Apr-08 to Feb-09)
From India, Bangalore
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Attrition Rate formula.pdf
Calculation of Attrition Rate.doc