Attrition Rate - Xls Download [thread 158207]

Can you review this spreadsheet and let me know if anything else should be considered in the attrition rate to report up to an execuative level.
Thanks for your input!

I feel you have to check on two things
a) Are you reporting annualized attrition? Check on the attrition figures (are you using the standard formula) . Also it is the trend to report annualized attrition eventhough it is calculated on a monthly basis. 4% looks good..but on an annualized basis it might be upto 40% + !
b) What are the reasons of attrition. At an executive level they might be more interested in that.
c) what are you doing to reduce the same !
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Your formula for calculating attrition rate seems to be incorrect. Try divinding the no of employees left by avg employees for the month which will be =E6/((C6+F6)/2). And always calculate attrition as an annualised figure as monthly average is no indicator since it is a small number compared to the annual one....

The formula which we use to calculate attrition is as follows

Attrition %: Number of Employees Attrite / Average Strength of Employees

Average Strength of Employees : (Employee count in the Beginning /Employee Count in the end)/2
Correct formula : =E6/(AVERAGE(C6,F6)) = 2.61%

January
February
March
April
May
June
July
August
September
October
November
December
TOTAL

How does this look? Specifically the YTD calculation.
Thanks for your time!

hi folks,
just have alook on this formula.
this wil clarify all your doubts
Attrition%=(No. of Employees Quit) /(Avg. Employees during that time frame) %100
Thanks all