Hello everybody, can anyone tell me the formula to calculate the attrition rate of the company thanks in advance Regards, Nipuna
From India, Delhi
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72From India, Delhi
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Hi Nipuna,
The attrition rate is calculated as the number of resignations in a month divided by the available manpower, multiplied by 100. For instance, if at the beginning of the previous month the manpower count was 80, and during that month 5 employees resigned and 10 new employees joined, then on the last day of the month, the manpower count would be 80 - 5 + 10 = 85. Therefore, the attrition rate would be calculated as 5/85 * 100.
I hope this resolves the query.
Regards,
Amit Seth
From India, Ahmadabad
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The attrition rate is calculated as the number of resignations in a month divided by the available manpower, multiplied by 100. For instance, if at the beginning of the previous month the manpower count was 80, and during that month 5 employees resigned and 10 new employees joined, then on the last day of the month, the manpower count would be 80 - 5 + 10 = 85. Therefore, the attrition rate would be calculated as 5/85 * 100.
I hope this resolves the query.
Regards,
Amit Seth
From India, Ahmadabad
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Attrition Rate formula.pdf
SAMPLE Employee Attrition Calculation sheet for FY 09-10 .xls
Calculation of Attrition Rate.doc