Attrition Calculation Formula
I would like to have clarity regarding the proper calculation of the attrition formula. The standard formula that I am aware of is:
Attrition% = (No. of exits * 100) / ((Opening Manpower Balance + Closing Manpower Balance) / 2)
Please suggest if there is any other formula. I am basically in a financial broking firm where attrition at the entry-level is very high.
Regards
From India, Delhi
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2I would like to have clarity regarding the proper calculation of the attrition formula. The standard formula that I am aware of is:
Attrition% = (No. of exits * 100) / ((Opening Manpower Balance + Closing Manpower Balance) / 2)
Please suggest if there is any other formula. I am basically in a financial broking firm where attrition at the entry-level is very high.
Regards
From India, Delhi
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Attrition% = Number of persons who left + Number of persons who resigned, divided by (Opening Manpower Balance + additional manpower (New recruit employees)), multiplied by 100.
For example, (2+2) / (58+6) * 100 = Attrition% 6.35%.
Regards,
M. Jude
[Phone Number Removed For Privacy Reasons]
From India, Chennai
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For example, (2+2) / (58+6) * 100 = Attrition% 6.35%.
Regards,
M. Jude
[Phone Number Removed For Privacy Reasons]
From India, Chennai
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Attrition Rate formula.pdf
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Attrition formula.doc