Hi all, Can anybody let me know as to how do i calculate attrition rate? and what are the measures which i need to take to control attrition in any organisation...
From India, Bangalore
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1From India, Bangalore
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Hi,
There are many ways of calculating attrition. Usually, the following formula is used across the industry:
Number of employees relieved during the year / (Number of employees at the start of the year + Number of employees joined during that year)
Hope this is useful.
Regards,
Shrithi.
From India, Bangalore
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There are many ways of calculating attrition. Usually, the following formula is used across the industry:
Number of employees relieved during the year / (Number of employees at the start of the year + Number of employees joined during that year)
Hope this is useful.
Regards,
Shrithi.
From India, Bangalore
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Hi,
The formula provided by Shrithi is also used by many organizations. In addition to this formula, the following formula is also commonly used:
Attrition Rate = (No. of Employees Resigned / Avg. No. of Employees) * 100
Where:
Avg. No. of Employees = (Opening Balance + Closing Balance) / 2
You can calculate monthly, quarterly, and annual attrition rates using these formulas.
Regards,
Shailesh
From India, Mumbai
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The formula provided by Shrithi is also used by many organizations. In addition to this formula, the following formula is also commonly used:
Attrition Rate = (No. of Employees Resigned / Avg. No. of Employees) * 100
Where:
Avg. No. of Employees = (Opening Balance + Closing Balance) / 2
You can calculate monthly, quarterly, and annual attrition rates using these formulas.
Regards,
Shailesh
From India, Mumbai
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Calculation of Attrition Rate.doc
Attrition-rate. xls