How Do You Calculate Attrition Rates Monthly and Yearly? Looking for Simple Examples!

Hey guys,

Please help me with the right way of calculating attrition yearly and monthly. Please provide the answer with an example to make it easy to understand.

Pranay

Hi Pranay,
Defining attrition: "A reduction in the number of employees through retirement, resignation or death"
•Attrition Formula: Number of employees who left in the year / average employees in the year x 100. Thus, if the company had 1,000 employees in April 2005, 2,000 in March 2006, and 300 quit in the year, then the average employee strength is 1,500 and attrition is 100 x (300/1500) = 20 percent.
KATYANA

Please refer to the below-mentioned links for your query. I hope they might be very useful to clear your doubts.

- https://www.citehr.com/38275-attriti...lculation.html
- https://www.citehr.com/927-attrition...lculation.html
- https://www.citehr.com/362474-attrition.html

Regards