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

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

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.