Hi, can someone tell me how "employee retention rate is calculated Regards, Ehtesham
From Pakistan, Lahore
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From Pakistan, Lahore
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Dear Ehtesham, Attached a worksheet for the calculation of Retention Rate. Regards, ~Raghav V
From India, Kochi
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45From India, Kochi
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Hi Amit, That is a good one for Attrition Rate. But the query was on "Retention Rate". :) If you can add to what i have posted on "Retention Rate" that would be good. Regards. ~Raghav V
From India, Kochi
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From India, Kochi
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I came across another formula for the turnover rate which goes like this:
Number of leavers/average number employed = turnover rate
For example, 12/{(64+56)/2} * 100 = 20%
Where:
- 64 = number employed at the beginning of the period
- 56 = number employed at the end of the period
- 20 = average turnover rate per period
Is this formula different from that of the attrition rate? Because if we put both formulas with the same figures, we are getting different results.
Please advise.
From India, Delhi
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Number of leavers/average number employed = turnover rate
For example, 12/{(64+56)/2} * 100 = 20%
Where:
- 64 = number employed at the beginning of the period
- 56 = number employed at the end of the period
- 20 = average turnover rate per period
Is this formula different from that of the attrition rate? Because if we put both formulas with the same figures, we are getting different results.
Please advise.
From India, Delhi
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Calculation of Attrition Rate.doc
Turnover rate-2.xls