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There are so many different formulae for Attrition. The one which I followed for Monthly Attrition Calculation is as follow:
Average: Opening Headcount+Closing Headcount/2
Attrition Rate: No. of employees left / Average Headcount * 100
Now, the confusion is that for monthly attrition, the average headcount should be as per above formula or it should be: Opng Headcount + Closing Headcount / 12
Also, I've seen some post which mentions below:
Average Headcount : if monthly : divide by 2
if quarterly : divide by 4
if yearly : don't divide
whereas, in some post it mentions that for yearly calculation, divide by 12.
Please let me know what is the correct formulae for monthly and yearly attrition???
Best Regards,
Insiya
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