Curious About Attrition Rates in IT and Distribution Sectors? Let's Discuss What's Acceptable

Hi all,

I wanted to know what are the existing attrition rates in various sectors, especially in the IT sector and the distribution sector. Also, what is the agreeable rate of attrition (if any)?

Awaiting your responses...

Cheers,

Pallavi

Hi,

I do not have factual data in this regard, but what I have come to understand from my peer groups working in varied industries is that in the ITES sector, the attrition rate is generally around 40%. In the Manufacturing Sector, the expected attrition rate is 7%. The industry-accepted average for IT is supposed to be 20% or less. I am not sure of the accuracy of the values here... FYI.

Harsha Vardhanan

Dear all,

It's a good presentation about the calculation of attrition rate. Please have a happy learning. I am attaching the file.

Regards,
Madhusudhan

Hi Madhusudhan,

I went through the attrition rate calculation article. It was exactly what I wanted to get my hands on. A godsend indeed!

Thanks,
June 😄

Hi,

No attachment found. Please attach the presentation again. I am also looking forward to this PPT on attrition.

Cheers,
Pooja

Hi All,

Just to add, attaching a Turnover Calculator Excel.

Regards,
Meenakshi

Turnover Calculation

(Formulas are included)

Number of Employees | Average Number | Turnover Rate
Separated During | Employees During | (Monthly)
Month | Month
January | #DIV/0!
February | #DIV/0!
March | #DIV/0!
1st Quarter | #DIV/0!

April | #DIV/0!
May | #DIV/0!
June | #DIV/0!
2nd Quarter | #DIV/0!

July | #DIV/0!
August | #DIV/0!
September | #DIV/0!
3rd Quarter | #DIV/0!

October | #DIV/0!
November | #DIV/0!
December | #DIV/0!
4th Quarter | #DIV/0!

Annual | #DIV/0!

Note: The formula for the monthly turnover rate is the number of employees separated during the month divided by the average number of employees in the month, multiplied by 100.

Hey people,

I'm a new joiner out here and doing my MBA in HR. My friends have told me that this is the best place to get the right suggestions and guidance from the experts here, and I really need your help and guidance in my project.

I'm doing my project on "ATTRITION RATE IN THE MANUFACTURING SECTOR." My objective is to identify the major issues in the attrition rate in the manufacturing sector and to understand where and why the HR function is lacking in this sector.

I also want to compare the attrition rate of our country's manufacturing sector with the manufacturing sector of a benchmarked country (where attrition is the lowest) and then analyze where we are lacking.

I have high expectations from all of you to provide me with good guidance and suggestions. Please help me out.

And yeah, happy new year to all.

Cheers,
BIPIN

I am working on my dissertation topic "Social Media as an Effective Tool for Recruitment and Retention." As a student, I am looking forward to your guidance and support regarding the following topics, as I am finding it hard to locate the information on Google:

Current Attrition Trends in Different Sectors in India

1. What is the current attrition trend in different sectors in India (Manufacturing, IT, Telecom, Automobile, Banking, Hospitality, BPOs, and Core sector)?

Retention Strategies with Reference to Social Media

2. What type of retention strategies have these sectors been adopting with reference to social media?

Case Studies on Retention and Recruitment

3. Case studies pertaining to retention, exit interviews, attrition rate, recruitment, etc.

I am looking for your valuable inputs/sources and any information regarding the above topic as my dissertation is based on secondary data. This could be possible through your kind information sharing related to your industries.

Thank you.