how to calculate the attrition rate ?
Others answers (1)
Attrition in an organization simply refers to resignations in a particular month,quarter or year.To simplify it further, it refers to the number of employees who leave an organization.And formula for calculation fo attrition % is Attrition%=(No. of Employees Quit) /(Avg. Employees during that time frame) %100 Inputs for computing Annualized Value is Monthly – Multiply the Value by 12 Quarterly – Multiply the Value by 4 Half Yearly – Multiply the value by 2 Annual – Do not multiply :-) Just to elaborate with example with respect to data shared below is: If in a month there are 65 no. of quit cases and average no. of emp strength till date was 3012 then: Attirition%YTD=65/3012*100=2.15% hence,monthly attrition %(YTD) for that month will be 2.15%*12=25.8% Hope this clarification will help you with fair enough understanding on Attrition analysis.
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