Struggling with High Entry-Level Attrition? Let's Clarify the Best Calculation Formula

Attrition Calculation Formula

I would like to have clarity regarding the proper calculation of the attrition formula. The standard formula that I am aware of is:

Attrition% = (No. of exits * 100) / ((Opening Manpower Balance + Closing Manpower Balance) / 2)

Please suggest if there is any other formula. I am basically in a financial broking firm where attrition at the entry-level is very high.

Regards

Attrition% = Number of persons who left + Number of persons who resigned, divided by (Opening Manpower Balance + additional manpower (New recruit employees)), multiplied by 100.

For example, (2+2) / (58+6) * 100 = Attrition% 6.35%.

Regards,
M. Jude
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