Retention Rate

Dear All,
Can any body give me the formula of Retention of employees.
Regards,
Minal Bagwe

Employee retention rate : Employee retention is number of employees staying in the organization.
Employee attrition rate : The rate at which the employees leave the organization.
Formula (Monthly) = Number of attrition in that month / Total number of employees in that month * 100
Regards
Hema

But what about the candidates which we have recently recruited which will be a part of total number of employees.
Please let me know
Regards
Yash

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 what ever cause (In effect this means the total number employees that have left the company for what ever 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 under performers
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.
--
Priyanka

thanks Priyanka for providing solution to this query.
Hope Minal got satisfied with your formula.
Just clarify one thing - is this the only method of calculating Retention rate ?
thanks