Hi Seniors,
Can you pls provide formula to calculate avg annual attrition rate.
I have searched on CiteHR but could find only annual attrition rate which is again different from the one we are using.
Below is the formula that we are using to calculate Annual Attrition rate:
Annual Attrition Rate : (Employees left in Current Month * (12/No. of Month))/((Current employee strenghth+Employees at start of the month)/2)
Regards,
Satpreet Kaur
Can you pls provide formula to calculate avg annual attrition rate.
I have searched on CiteHR but could find only annual attrition rate which is again different from the one we are using.
Below is the formula that we are using to calculate Annual Attrition rate:
Annual Attrition Rate : (Employees left in Current Month * (12/No. of Month))/((Current employee strenghth+Employees at start of the month)/2)
Regards,
Satpreet Kaur