Hey Guys, Please help me with the right way of caculating attrition yearly and monthly. Please provide the ans with an ex. to make it easy to understand Pranay
From India, New Delhi
From India, New Delhi
Hi Pranay,
Defining attrition: "A reduction in the number of employees through retirement, resignation or death"
•Attrition Formula: Number of employees who left in the year / average employees in the year x 100. Thus, if the company had 1,000 employees in April 2005, 2,000 in March 2006, and 300 quit in the year, then the average employee strength is 1,500 and attrition is 100 x (300/1500) = 20 percent.
KATYANA
From India, Gurgaon
35Defining attrition: "A reduction in the number of employees through retirement, resignation or death"
•Attrition Formula: Number of employees who left in the year / average employees in the year x 100. Thus, if the company had 1,000 employees in April 2005, 2,000 in March 2006, and 300 quit in the year, then the average employee strength is 1,500 and attrition is 100 x (300/1500) = 20 percent.
KATYANA
From India, Gurgaon
Dear Pranay,
Pls refer the below mentioned links for your query...
I hope they might be very useful to clear your doubts...
https://www.citehr.com/38275-attriti...lculation.html
https://www.citehr.com/927-attrition...lculation.html
https://www.citehr.com/362474-attrition.html
From India, Mumbai
Pls refer the below mentioned links for your query...
I hope they might be very useful to clear your doubts...
https://www.citehr.com/38275-attriti...lculation.html
https://www.citehr.com/927-attrition...lculation.html
https://www.citehr.com/362474-attrition.html
From India, Mumbai
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ATTRITION CALCULATION.pdf