Normally the thumb rule is
Attr = (Loss in HC)/(Av HC). where HC - is headcount, Av HC is (opening HC + closing HC)/2.
The period is generally a month.
Many of our friends on citehr have given various formulas for Attrition rate calculation.. they all give different percentages, does any one know the most widely used formula... the efforts that alll have made is remarkable.. thanks
[QUOTE=shuchita limaye;901483]Many of our friends on citehr have given various formulas for Attrition rate calculation.. they all give different percentages, does any one know the most widely used formula... the efforts that alll have made is remarkable.. thanks
"People are not lazy. They simply have impotent goals - that is, goals that do not inspire them":!::!:
Many of our friends on citehr have given various formulas for Attrition rate calculation.. they all give different percentages, does any one know the most widely used formula... the efforts that alll have made is remarkable.. thanks
"People are not lazy. They simply have impotent goals - that is, goals that do not inspire them":!::!:[/QUOTE]
Hi
Formula : Attrition for the month/Total Headcount * 100
or it can be calculated as
no. of head Count of the month :
No of New Joinee/additions in the month :
Attrition :
There fore formula is :No of New Joinee/additions in the month + No of New Joinee/additions in the month - Attrition =
Regards
Smrins
Dear Friends,
Please find the attached attrition calculator, let me know if this is of help for you. It was contributed to the forum by one our friend long back. Let us appreciate and thank him for the efforts.
Regards
Vamsi
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