Hi friends,
Thanks for telling me how to calculate Attrition rate :) . one more problem is their, When i am finding my company's attrition rate month wise it is coming very less and when i am finding it for whole year at one time only its coming very high :cry: . So i want to know why so much difference is their is their any other formula to calculate attrition rate for year . Please help me in this.
Thanks and Regards. :idea:
Wricha :?
From India, Chennai
4Thanks for telling me how to calculate Attrition rate :) . one more problem is their, When i am finding my company's attrition rate month wise it is coming very less and when i am finding it for whole year at one time only its coming very high :cry: . So i want to know why so much difference is their is their any other formula to calculate attrition rate for year . Please help me in this.
Thanks and Regards. :idea:
Wricha :?
From India, Chennai
Hi, Formula for Attrition Rate : - ATTRITION RATE (The formula and correct logic behind calculation of ATTRITION RATE) ((no. Of attritions x 100) / (Actual Employees + New Joined)) /100. Thanks dsv
From India, Delhi
From India, Delhi
Assuming the rate of people leaving is the same throughout the year, the attrition rate for one month only will be one twelfth (1/12) that for a whole year.
For example, if one person leaves in one month out of 20 employees, the attrition rate for the month is 1/20 or 5%. If one person leaves per month for twelve months (and assuming each is immediately replaced), the attrition rate for the year is 12/20 or 60%.
My annual calculation is based on Total Employees = Average number of employees over twelve months. Formulae vary, but the basic idea is the same. You expect the attrition rate for one month to be a fraction of the yearly amount. Hope this helps.
Vicki Heath
http://www.businessperform.com
From Australia, Melbourne
For example, if one person leaves in one month out of 20 employees, the attrition rate for the month is 1/20 or 5%. If one person leaves per month for twelve months (and assuming each is immediately replaced), the attrition rate for the year is 12/20 or 60%.
My annual calculation is based on Total Employees = Average number of employees over twelve months. Formulae vary, but the basic idea is the same. You expect the attrition rate for one month to be a fraction of the yearly amount. Hope this helps.
Vicki Heath
http://www.businessperform.com
From Australia, Melbourne
HI Wricha The attrition rate formula we foolow in our organisation is as given below Attrition Rate : No Resigned / Strength at the beginning of the month + No Recruited *100 Regards JR Kumar
From India, Coimbatore
From India, Coimbatore
Hi Wricha,
Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
The period refers to the attrition rate you are trying to calculate. If you are calculating monthly attrition give the figures of the particular month. This way you will be able to calculate the attrition rate for monthly, quarterly, yearly or any period that you want to calculate.
I also like somebody to clarify the formula given by J R Kumar. What is the necessity of adding the number recruited? If the recruitments done during the period are added and assuming that there are no plans for adding manpower, then as per Kumar's formula the attrition rate will be zero. Can somebody throw light on this?
From India, Pune
Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
The period refers to the attrition rate you are trying to calculate. If you are calculating monthly attrition give the figures of the particular month. This way you will be able to calculate the attrition rate for monthly, quarterly, yearly or any period that you want to calculate.
I also like somebody to clarify the formula given by J R Kumar. What is the necessity of adding the number recruited? If the recruitments done during the period are added and assuming that there are no plans for adding manpower, then as per Kumar's formula the attrition rate will be zero. Can somebody throw light on this?
From India, Pune
Hello, Can someone help me undderstand whats the ideal attrition rate where the organization must start taking required measures....... Regards, Twinkle
From India, Hyderabad
From India, Hyderabad
Hi Wricha,
I recently did a study on attrition rates in the TI & ITES companies.
The most commenly used formula that I found was as folloues.
Attrition rate = (no of employees who left the organization/ average no of employee during that period)* 100.
That is to say if you are calculating the attrition the past year i.e. 2005 and
the employee strength for year 2004 was 150 and tat in the year 2005
was 200, No. of employees left was 25
Then the average No of employees will be
(150 + 200)/2 = 175
Therefore the attrition rate = (25/175)*100 = 14.28%
To know what experts have to say about attrition rates log on to
http://financialexpress.com <link updated to site home>
Regards,
Shailja
From India
I recently did a study on attrition rates in the TI & ITES companies.
The most commenly used formula that I found was as folloues.
Attrition rate = (no of employees who left the organization/ average no of employee during that period)* 100.
That is to say if you are calculating the attrition the past year i.e. 2005 and
the employee strength for year 2004 was 150 and tat in the year 2005
was 200, No. of employees left was 25
Then the average No of employees will be
(150 + 200)/2 = 175
Therefore the attrition rate = (25/175)*100 = 14.28%
To know what experts have to say about attrition rates log on to
http://financialexpress.com <link updated to site home>
Regards,
Shailja
From India
Hi Friends..
Nice Brainstormings on calculating the Attrition Rates..
But How do we then justify the attrition rates of 100% + .. eg .. Wat does an attrition rate of 120% signify ...
(as per the formulae given ..)
Dheeraj
From India, Calcutta
Nice Brainstormings on calculating the Attrition Rates..
But How do we then justify the attrition rates of 100% + .. eg .. Wat does an attrition rate of 120% signify ...
(as per the formulae given ..)
Dheeraj
From India, Calcutta
Hi ..
I have newly joined citehr..can sme1 help me out in how exactly to go about in calculating the attrition rate and whether attrition cost is linked for obtaining the attrition rate.If otherwise wat is the method of calculating the attrition cost...I hope to get a positive response to this..
thankx n rgds
jenny
From India, Mumbai
I have newly joined citehr..can sme1 help me out in how exactly to go about in calculating the attrition rate and whether attrition cost is linked for obtaining the attrition rate.If otherwise wat is the method of calculating the attrition cost...I hope to get a positive response to this..
thankx n rgds
jenny
From India, Mumbai
Hii Wricha
you can follow this formula
The standard formula used for calculating the attrition rate:
Number of employee separations-involuntary separations*100
__________________________________________________ __
*average employee count
Ex:*avg. employee count = January month strength+December month strength/2
thanks
basant
From India
you can follow this formula
The standard formula used for calculating the attrition rate:
Number of employee separations-involuntary separations*100
__________________________________________________ __
*average employee count
Ex:*avg. employee count = January month strength+December month strength/2
thanks
basant
From India
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