Phaniacp
Hr Person
Sand_kri
Hr, Talent Management
+3 Others

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Can you review this spreadsheet and let me know if anything else should be considered in the attrition rate to report up to an execuative level. Thanks for your input!

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File Type: xls Turn Over Ratio.xls (53.5 KB, 2130 views)

I feel you have to check on two things
a) Are you reporting annualized attrition? Check on the attrition figures (are you using the standard formula) . Also it is the trend to report annualized attrition eventhough it is calculated on a monthly basis. 4% looks good..but on an annualized basis it might be upto 40% + !
b) What are the reasons of attrition. At an executive level they might be more interested in that.
c) what are you doing to reduce the same !
studies in hr
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Your formula for calculating attrition rate seems to be incorrect. Try divinding the no of employees left by avg employees for the month which will be =E6/((C6+F6)/2). And always calculate attrition as an annualised figure as monthly average is no indicator since it is a small number compared to the annual one....
The formula which we use to calculate attrition is as follows

Attrition %: Number of Employees Attrite / Average Strength of Employees

Average Strength of Employees : (Employee count in the Beginning /Employee Count in the end)/2
Correct formula : =E6/(AVERAGE(C6,F6)) = 2.61%

Month
Opening Balance
New Employees
Employees Left
Closing
Attrition Rate
Balance
January
75
5
2
78
2.61%
February
78
0
3
75
3.92%
March
75
3
2
76
2.65%
April
May
June
July
August
September
October
November
December
TOTAL
228
8
7
229
3.06%

How does this look? Specifically the YTD calculation. Thanks for your time!

Attached Files
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File Type: xls Turn Over Ratio (2).xls (39.5 KB, 670 views)

hi folks, just have alook on this formula. this wil clarify all your doubts Attrition%=(No. of Employees Quit) /(Avg. Employees during that time frame) %100 Thanks all
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