Attrition Rate [Thread 294332]

Hi Every one ,
I have some doubts regarding attrition rate .
Is there any standard formula to calculate this , I have seen so many deferent formulas and confused with the formulas ?
So can some one help me to know about the attrition rate formula for yearly , quarterly and monthly .
Hope I will get the response ASAP ..
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Thanks & Regards,
Vani

Hi vani,
In my organization, we use the standard formula for attrition.
i.e (No. Of Seperation *100)/Avg(Opening Balance, Closing Balance)
If you want to find the attrition rate for the particular month, then you can use,
(No. Of Separation in that month *100)/ Avg(opening, Closing balance of that particular month)
I hope, this will benefit you.
Regards,
sakshi

Well to uncomplicate it, please understand
that Attrition rate is what, It is the no of employees
who have left the company in a given point of time.
Hypothtical Situation
No of Employees Hired for 1QTR(JFM) 50
No of Employee Left in the 1QTR (JFM)40
Attrition Rate = 80% Approx