Phaniacp
Hr Person
Sand_kri
Hr, Talent Management
+3 Others

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!

Attached Files
 Turn Over Ratio.xls (53.5 KB, 2147 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

From India, Bangalore
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....
From India, Mumbai
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%

From India, Pune
How does this look? Specifically the YTD calculation. Thanks for your time!

Attached Files
 Turn Over Ratio (2).xls (39.5 KB, 686 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
From India, Warangal
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.