How Do You Calculate Monthly and Annual Attrition Rates in Retail? Seeking Advice!

kaushik_mhrm
Hi All,

Hope you are fine. Please let me know how to calculate attrition rate pertaining to the retail industry month-wise and annually.

Regards, Kaushik Mondal
Naveennew
Hi,

The attrition rate can be calculated as follows:
[ text{Attrition Rate} = left( frac{text{Total Attritions}}{text{Average Headcount}} right) times 100 ]
This will be calculated as a percentage.

For annualizing the rate, multiply it by ( frac{12}{text{Number of Months}} ).

Please let me know if you need further clarification or assistance.
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