Dear Members,
I am confused between 2 formulas to calculate attrition rate. The formulas are as follows:
1. Attrition rate % = (Number of people moved out of the organization during the period / Total number of people in the organization during the period) * 100
2. Attrition rate % = ((number of attritions x 100) / (Actual Employees + New Joinees)) / 100
Can anyone tell me which is the correct formula?
Thank you & regards,
Madhuri
From India, Mumbai
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6I am confused between 2 formulas to calculate attrition rate. The formulas are as follows:
1. Attrition rate % = (Number of people moved out of the organization during the period / Total number of people in the organization during the period) * 100
2. Attrition rate % = ((number of attritions x 100) / (Actual Employees + New Joinees)) / 100
Can anyone tell me which is the correct formula?
Thank you & regards,
Madhuri
From India, Mumbai
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Hi Madhuri, Attrition rate = No. of employees resigned / Available manpower *100 Regards, Amit Seth.
From India, Ahmadabad
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From India, Ahmadabad
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Hi Everybody am newly joined in this group..Studying 2nd year Textile Management in Coinmbatore,choosen Elective as HR pls share information in HR relevant to Textile/Garment industry. Thank you
From India, Coimbatore
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From India, Coimbatore
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Hi mprabhulkar,
Maximum organizations, especially in IT/ITES, use the following attrition formula worldwide:
Attrition %age = No of Attrites / (Average of Opening head count, Closing Head Count)
The reason for using this formula is that in organizations where movement is very frequent, including attritions, new joiners, transfers to other companies, and relocations, the average head count is taken for calculating attrition. This method provides a standard financial base.
Please let me know if you need more details.
Regards
From India, Pune
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Maximum organizations, especially in IT/ITES, use the following attrition formula worldwide:
Attrition %age = No of Attrites / (Average of Opening head count, Closing Head Count)
The reason for using this formula is that in organizations where movement is very frequent, including attritions, new joiners, transfers to other companies, and relocations, the average head count is taken for calculating attrition. This method provides a standard financial base.
Please let me know if you need more details.
Regards
From India, Pune
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Attrition rate = number of employees resigned / actual number of employees * 100
Actual number of employees = Total number of employees at the beginning of the month plus total number of new joiners minus total number of resignations
From India, New Delhi
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Actual number of employees = Total number of employees at the beginning of the month plus total number of new joiners minus total number of resignations
From India, New Delhi
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Calculation of Attrition Rate.doc
SAMPLE Employee Attrition Calculation sheet for FY 09-10 .xls