can any one give me the detail about how to find the attrition rate. i am totally confused. Ragahavan
From India, Madras
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4From India, Madras
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Hi Ragha, Please do find what I have if this useful to you.
From India, Mumbai
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From India, Mumbai
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Dear raghav, TO CALCULATE ATTRITION THE FORMULA IS : ATTRITION RATE — TOTAL NO OF EMPLOYEES LEFT DURING THAT MONTH/TOTAL NO OF EMPLOYEES*100
From India, Gurgaon
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From India, Gurgaon
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Attrition Formula:
The attrition formula can be calculated as follows:
(Number of employees who left the organization / Average total employees) x 100.
Some organizations choose to use the total number of employees to calculate the attrition rate, while others prefer to use the average number of employees over a specific period, such as a month or year, depending on the frequency of reporting.
Thank you.
From Kuwait, Kuwait
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The attrition formula can be calculated as follows:
(Number of employees who left the organization / Average total employees) x 100.
Some organizations choose to use the total number of employees to calculate the attrition rate, while others prefer to use the average number of employees over a specific period, such as a month or year, depending on the frequency of reporting.
Thank you.
From Kuwait, Kuwait
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hii, find the attached document on attrition and retention.... if any points to be added ...kindly do it
From India, Hyderabad
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From India, Hyderabad
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hi, please find the attached formula. hope this will help you to understand attrition. rgds jyoti negi
From India, Delhi
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From India, Delhi
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ATTRITION RATE
(The formula and correct logic behind calculation of Attrition Rate)
((no. Of attritions x 100) / (Actual Employees + New Joined)) /100.
Examples:
1) Actual Employees No. Of people left No. Of Joined Total Employees
(Opening BAL) (Attritions) (Current Headcount)
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 – 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
From India, Bangalore
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(The formula and correct logic behind calculation of Attrition Rate)
((no. Of attritions x 100) / (Actual Employees + New Joined)) /100.
Examples:
1) Actual Employees No. Of people left No. Of Joined Total Employees
(Opening BAL) (Attritions) (Current Headcount)
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 – 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
From India, Bangalore
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Dear Philip,
This is really helpful. Maybe it will be a personal question, but I would still like to know your designation. Do you belong to HR? I am looking for some practical aspects of HR, like HR policy format for the healthcare industry or any other industry, which I can customize for the healthcare industry. Definitely, it is not an easy task, but I will continue to stay in touch with you all to give it its final shape.
Eagerly looking forward to valuable answers and postings.
Regards,
Priyanka
From India, Bhopal
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This is really helpful. Maybe it will be a personal question, but I would still like to know your designation. Do you belong to HR? I am looking for some practical aspects of HR, like HR policy format for the healthcare industry or any other industry, which I can customize for the healthcare industry. Definitely, it is not an easy task, but I will continue to stay in touch with you all to give it its final shape.
Eagerly looking forward to valuable answers and postings.
Regards,
Priyanka
From India, Bhopal
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Calculation of Attrition Rate.doc
Future of HR Metrics.ppt