Hi, Kindly provide Shrinkage types and how to calculate it. Rg Abhishek Solanki
From India, Delhi
Acknowledge(0)
Amend(0)
1From India, Delhi
Acknowledge(0)Amend(0)
Hi,
Please find the answer. Shrinkage is calculated in two parts:
a) Absenteeism
b) Attrition
Absenteeism: Total number of people who didn't turn up to the office / Total number of Agent Scheduled.
Regards,
Minku
From India, Delhi
Acknowledge(0)Amend(0)
Please find the answer. Shrinkage is calculated in two parts:
a) Absenteeism
b) Attrition
Absenteeism: Total number of people who didn't turn up to the office / Total number of Agent Scheduled.
Regards,
Minku
From India, Delhi
Acknowledge(0)Amend(0)
Dear Abhishek,
This is in addition to what Minku has said. The concept of shrinkage is present in purchase and inventory management as well. Shrinkage of inventory occurs due to wear and tear of the material, theft, damage while handling, etc. Examples of shrinkage include the storage of perishable food items beyond the expiry date, evaporation of petrol, diesel, or lubricants, corrosion of nuts and bolts, and loss of cement while handling cement bags.
To prevent shrinkage, purchase managers or warehouse managers are held responsible for proper material planning. The shrinkage ratio is calculated every half year or year.
Ok...
DVD
From India, Bangalore
Acknowledge(0)Amend(0)
This is in addition to what Minku has said. The concept of shrinkage is present in purchase and inventory management as well. Shrinkage of inventory occurs due to wear and tear of the material, theft, damage while handling, etc. Examples of shrinkage include the storage of perishable food items beyond the expiry date, evaporation of petrol, diesel, or lubricants, corrosion of nuts and bolts, and loss of cement while handling cement bags.
To prevent shrinkage, purchase managers or warehouse managers are held responsible for proper material planning. The shrinkage ratio is calculated every half year or year.
Ok...
DVD
From India, Bangalore
Acknowledge(0)Amend(0)
[QUOTE=mupadhyay23;1592300]
Hi,
Please find the answer. Shrinkage is calculated in two parts:
a) Absenteeism
b) Attrition
Absenteeism: Total number of people who didn't turn up to the office / Total number of Agents Scheduled (this formula is only calculated in BPO in terms of Operation).
Regards,
Minku
From India, Delhi
Acknowledge(1)Amend(0)
Hi,
Please find the answer. Shrinkage is calculated in two parts:
a) Absenteeism
b) Attrition
Absenteeism: Total number of people who didn't turn up to the office / Total number of Agents Scheduled (this formula is only calculated in BPO in terms of Operation).
Regards,
Minku
From India, Delhi
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY SHEET CALCULATION.xls
Providing Calculation Notice.jpg