1. What is the difference between turnover rate and attrition rate 2. What is the Formula of turnover rate and attrition rate
From Bangladesh, Dhaka
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From Bangladesh, Dhaka
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Dear Friend,
Turnover of employees: there are two types - 1) voluntary and 2) Involuntary.
1) Voluntary: resignation of an employee (based on the interest of the individual employee).
2) Involuntary: due to poor performance or other reasons, organizations terminate employees.
Attrition: Gradual reduction of employee strength or role, other than terminating/firing, etc.
Difference: In turnover, the vacancy left by an employee is filled through recruitment or other means. In attrition, there is no replacement or recruitment for the vacant position, leading to a slow reduction in roles without filling them.
Organizations aim to fill turnover vacancies based on merit and necessity. Typically, organizations maintain a minimum turnover of 5% (keeping 5-10% of the total strength as vacant, with the 5% vacancy managed by someone capable).
In attrition, positions are not filled, resulting in a gradual reduction in employee strength and roles.
The 5% ratio relates to turnover and attrition.
From India, Arcot
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175Turnover of employees: there are two types - 1) voluntary and 2) Involuntary.
1) Voluntary: resignation of an employee (based on the interest of the individual employee).
2) Involuntary: due to poor performance or other reasons, organizations terminate employees.
Attrition: Gradual reduction of employee strength or role, other than terminating/firing, etc.
Difference: In turnover, the vacancy left by an employee is filled through recruitment or other means. In attrition, there is no replacement or recruitment for the vacant position, leading to a slow reduction in roles without filling them.
Organizations aim to fill turnover vacancies based on merit and necessity. Typically, organizations maintain a minimum turnover of 5% (keeping 5-10% of the total strength as vacant, with the 5% vacancy managed by someone capable).
In attrition, positions are not filled, resulting in a gradual reduction in employee strength and roles.
The 5% ratio relates to turnover and attrition.
From India, Arcot
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Dear colleague,
Employee turnover and attrition are one and the same thing. It means the number of employees leaving the organization due to resignation during a given period, such as a month or quarter. The rate is computed as a percentage of the number of employees who left to the number of employees on the payroll on the day of reference.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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Employee turnover and attrition are one and the same thing. It means the number of employees leaving the organization due to resignation during a given period, such as a month or quarter. The rate is computed as a percentage of the number of employees who left to the number of employees on the payroll on the day of reference.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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Dear Friend,
Employee turnover and attrition are one and the same thing. The ratio varies from industry to industry. The attrition is highest in BPO, Logistics, etc. Ratio cannot be decisively determined as attrition in BPO varies from 5% per month to 25% per month, depending upon processes, salary, manager behavior, shift issues, harassment, facilities, growth, and location, among other factors.
Warm Regards,
Bharat Gera
HR Consultant
From India, Thane
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Employee turnover and attrition are one and the same thing. The ratio varies from industry to industry. The attrition is highest in BPO, Logistics, etc. Ratio cannot be decisively determined as attrition in BPO varies from 5% per month to 25% per month, depending upon processes, salary, manager behavior, shift issues, harassment, facilities, growth, and location, among other factors.
Warm Regards,
Bharat Gera
HR Consultant
From India, Thane
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Employee Engagement – Scaling Down Attrition.pdf
SAMPLE Employee Attrition Calculation sheet for FY 09-10 .xls