Hi, i am looking for "employee retention rate formula". or if some can guide me how to calculate it Regards, Ehtesham
From Pakistan, Lahore
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From Pakistan, Lahore
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Hi,
The formula for Employee turnover rate / attrition rate is: (No. of employees leaving / left the org. / Average no. of employees for the period) x 100.
The formula for Employee retention rate is: (No. of employees present (with more than one year of exp) / Average no. of employees for the period) x 100.
Please correct me if I am wrong.
Thanks & Regards,
Narendra
From India, Hyderabad
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92The formula for Employee turnover rate / attrition rate is: (No. of employees leaving / left the org. / Average no. of employees for the period) x 100.
The formula for Employee retention rate is: (No. of employees present (with more than one year of exp) / Average no. of employees for the period) x 100.
Please correct me if I am wrong.
Thanks & Regards,
Narendra
From India, Hyderabad
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Hey,
Here is the retention rate formula:
% Retention Rate (RR) = 100 - [ {S - (UT + BT)} / AE x 100]
Where:
RR = Retention Rate
S = Total number of terminations from whatever cause (In effect, this means the total number of employees that have left the company for whatever reason)
UT = Unavoidable terminations (i.e. retirements or long-term illness)
BT = Beneficial terminations (i.e. sometimes those staff that do leave provide benefit to the company by virtue of leaving, for example, underperformers)
AE = The average number of employees working for the company during the same period as calculated; this should be any period of 12 months.
Hope you will find this useful.
From India, Mumbai
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Here is the retention rate formula:
% Retention Rate (RR) = 100 - [ {S - (UT + BT)} / AE x 100]
Where:
RR = Retention Rate
S = Total number of terminations from whatever cause (In effect, this means the total number of employees that have left the company for whatever reason)
UT = Unavoidable terminations (i.e. retirements or long-term illness)
BT = Beneficial terminations (i.e. sometimes those staff that do leave provide benefit to the company by virtue of leaving, for example, underperformers)
AE = The average number of employees working for the company during the same period as calculated; this should be any period of 12 months.
Hope you will find this useful.
From India, Mumbai
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