How does you calculate attrition rate. Also important is if the employee is leaving within the first month of Joining, whether employee will be counted while calculating attrition analysis
From India, New Delhi
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1From India, New Delhi
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Attrition is calculated on a monthly basis and annualized (Year to date).
Monthly attrition = Total exits / Average Headcount * 100
And yes, if the employee leaves in the first month of joining, they will be included in the calculation of exits for that month.
Hope this helps! :)
From India, Bengaluru
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Monthly attrition = Total exits / Average Headcount * 100
And yes, if the employee leaves in the first month of joining, they will be included in the calculation of exits for that month.
Hope this helps! :)
From India, Bengaluru
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Thank you for your reply. It does help. I was including this in the attrition analysis, but I have heard that many organizations are considering it a misfit to the organizational culture or a hiring mistake and not counting it. Your thoughts, please.
From India, New Delhi
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From India, New Delhi
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I advise you to include all who left, either voluntarily or involuntarily. If too many new staff are leaving for whatever reasoins, it shows that your Recruiters need to be trained.
From Singapore, Singapore
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From Singapore, Singapore
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That is only a monthly way of calculating attrition. Attrition should always be annualized and counted based on average headcount (closing headcount of the previous month + opening headcount of the current month).
From India, Bengaluru
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From India, Bengaluru
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Early exits can be classified as 'infant attrition'. Actual duration can vary - from 1 month to 2 years.
Disclaimer: This network and the advice provided in good faith by our members only serve as a direction towards the necessary actions. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences under any circumstances.
From India, Bangalore
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Disclaimer: This network and the advice provided in good faith by our members only serve as a direction towards the necessary actions. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences under any circumstances.
From India, Bangalore
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