Dear Members,
I am confused between 2 formulas to calculate attrition rate. These formulas are as given below.
1. Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
2. Attrition rate % = ((no. Of attritions x 100) / (Actual Employees + New Joined)) /100
Can anyone tell me which is the right formula??????
Thank you & regards,
Madhuri
From India, Mumbai
6I am confused between 2 formulas to calculate attrition rate. These formulas are as given below.
1. Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
2. Attrition rate % = ((no. Of attritions x 100) / (Actual Employees + New Joined)) /100
Can anyone tell me which is the right formula??????
Thank you & regards,
Madhuri
From India, Mumbai
Hi mprabhulkar
Maximum organization especially IT / ITES - uses the following attrition formula (World Wide too):-P
Attrition %age = No of Attrites /(Average of Opening head count, Closing Head Count)
Reason for using the formula :confused:
there are organization where the movement is very frequent like attrites:(, new joiners:-D, trf to other cos, :) other locations. hence the average hc (head count) is taken for calculating the attrition which is a standard financial base
Do let me know if you need more details :icon10:
Regards
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=cm9ib2dyYWpAaW5kaWF0aW 1lcy5jb20=[/IMG]
From India, Pune
Maximum organization especially IT / ITES - uses the following attrition formula (World Wide too):-P
Attrition %age = No of Attrites /(Average of Opening head count, Closing Head Count)
Reason for using the formula :confused:
there are organization where the movement is very frequent like attrites:(, new joiners:-D, trf to other cos, :) other locations. hence the average hc (head count) is taken for calculating the attrition which is a standard financial base
Do let me know if you need more details :icon10:
Regards
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=cm9ib2dyYWpAaW5kaWF0aW 1lcy5jb20=[/IMG]
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Calculation of Attrition Rate.doc
Attrition-rate. xls