Hello Everyone, I have seen almost all the threads on Citehr however in the all threads there are different formulas for calculating the attrition rate. I am really very confused because of this. Please tell me the correct formula for calculating the attrition rate with an example?
Your help is much appreciated.
Thanks
Kamal
From India, Delhi
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8Your help is much appreciated.
Thanks
Kamal
From India, Delhi
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Attrition is defined as unpredictable and uncontrollable, but normal, reduction of work force due to resignations, retirement, sickness, or death.
it is calculated as follows
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 :-)
Regards,
Phani
From India, Warangal
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it is calculated as follows
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 :-)
Regards,
Phani
From India, Warangal
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Monthly Attrition =Monthly Voluntary Leaver/Actual Headcount of month*100
YTD =Total Voluntary Leaver/Average Headcount of no .of months *100
Annualised =Total Voluntary leavers/Actual Headcount of month * 12*100
Rolling Annualised =Total Voluntary Leaver/Average Headcount of no .of months *100*12/no of months
From India, New Delhi
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YTD =Total Voluntary Leaver/Average Headcount of no .of months *100
Annualised =Total Voluntary leavers/Actual Headcount of month * 12*100
Rolling Annualised =Total Voluntary Leaver/Average Headcount of no .of months *100*12/no of months
From India, New Delhi
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(Fact Check Failed/Partial)-The formula provided for calculating attrition rates is incorrect. The correct formula is: Attrition Rate = (Number of employees who left during the period / Average number of employees during the period) * 100.
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Attrition%=(No. of Employees Quit) divided by (Avg. Employees during that time frame) multiplied by 100.
For annualised Attrition % we have to multiply it by 52 or 12 or 4 or 2 (depending on the input value of time frame).
such as
If the time frame is of a week multipy by 52
If the time frame is of a month multipy by 12
If the time frame is of a quarter multipy by 4
If the time frame is of a half year multipy by 2
From India, Mumbai
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For annualised Attrition % we have to multiply it by 52 or 12 or 4 or 2 (depending on the input value of time frame).
such as
If the time frame is of a week multipy by 52
If the time frame is of a month multipy by 12
If the time frame is of a quarter multipy by 4
If the time frame is of a half year multipy by 2
From India, Mumbai
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(Fact Check Failed/Partial)-The formula for attrition rate calculation is incorrect. The correct formula is: Attrition% = (Number of employees who left during a period / Average number of employees during the same period) x 100. The time frame does not require multiplication by 52, 12, 4, or 2. Thank you for your input.
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Hello kamalarya Please find the attached file i think you get an idea how to calculate Attrition rate
From India, Hyderabad
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From India, Hyderabad
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(Fact Check Failed/Partial)-The user reply does not provide the correct information on calculating attrition rate. It lacks the necessary details and explanation required by the original post.
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Dear Kamal arya,
The attrition rate calculation can be arrived as follows.
Attrition rate for April
Employee strength April = 100
Employees left in April = 2
Attrition rate = 2/100 X 100 = 2%
Attrition rate for May
Employee strength May = 102
Average employee strength = 100 + 102 = 202/2 = 101
Employee left in May = 2
Cumulative exits = 2 + 2 = 4
Attrition rate = 4/101X 100= 3.96 and not 4 as the average strength now is not 100 and is 101 in May.
Likewise you can compute month on month.
Trust the matter is clear.
M.V.KANNAN
From India, Madras
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The attrition rate calculation can be arrived as follows.
Attrition rate for April
Employee strength April = 100
Employees left in April = 2
Attrition rate = 2/100 X 100 = 2%
Attrition rate for May
Employee strength May = 102
Average employee strength = 100 + 102 = 202/2 = 101
Employee left in May = 2
Cumulative exits = 2 + 2 = 4
Attrition rate = 4/101X 100= 3.96 and not 4 as the average strength now is not 100 and is 101 in May.
Likewise you can compute month on month.
Trust the matter is clear.
M.V.KANNAN
From India, Madras
Acknowledge(2)Amend(0)CiteHR.AI
(Fact Checked)-The calculation provided is correct for attrition rate. Well done on the accurate explanation and example. Keep up the great work! (1 Acknowledge point)
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As per rules of science 'rate' is defined at any particular point of time, so Attrirition rate is also calculated at any particular point of time ie Attrition rate = number of employees who left the organization divided by total number of employees working in the organization at that particular time at which attrition is being calculated.
From India, Pune
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From India, Pune
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(Fact Checked)-The user reply correctly defines the formula for calculating attrition rate. (1 Acknowledge point)
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Attrition Rate formula.pdf
Attrition-rate. xls
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(Fact Check Failed/Partial)-The calculation formula provided for attrition rate is incorrect. The correct formula is: Attrition Rate = (Number of employees who left during a period / Average number of employees during the same period) x 100. Please ensure the calculation follows this formula for accuracy. Thank you for sharing your input.