Dear Members,
I am confused between 2 formulas to calculate attrition rate. These formulas are as given below.
1. Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
2. Attrition rate % = ((no. Of attritions x 100) / (Actual Employees + New Joined)) /100
Can anyone tell me which is the right formula??????
Thank you & regards,
Madhuri
From India, Mumbai
6I am confused between 2 formulas to calculate attrition rate. These formulas are as given below.
1. Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
2. Attrition rate % = ((no. Of attritions x 100) / (Actual Employees + New Joined)) /100
Can anyone tell me which is the right formula??????
Thank you & regards,
Madhuri
From India, Mumbai
Hi Madhuri, Attrition rate = No. of employees resigned / Available manpower *100 Regards, Amit Seth.
From India, Ahmadabad
From India, Ahmadabad
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
From India, Coimbatore
Hi mprabhulkar
Maximum organization especially IT / ITES - uses the following attrition formula (World Wide too):-P
Attrition %age = No of Attrites /(Average of Opening head count, Closing Head Count)
Reason for using the formula :confused:
there are organization where the movement is very frequent like attrites:(, new joiners:-D, trf to other cos, :) other locations. hence the average hc (head count) is taken for calculating the attrition which is a standard financial base
Do let me know if you need more details :icon10:
Regards
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=cm9ib2dyYWpAaW5kaWF0aW 1lcy5jb20=[/IMG]
From India, Pune
Maximum organization especially IT / ITES - uses the following attrition formula (World Wide too):-P
Attrition %age = No of Attrites /(Average of Opening head count, Closing Head Count)
Reason for using the formula :confused:
there are organization where the movement is very frequent like attrites:(, new joiners:-D, trf to other cos, :) other locations. hence the average hc (head count) is taken for calculating the attrition which is a standard financial base
Do let me know if you need more details :icon10:
Regards
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=cm9ib2dyYWpAaW5kaWF0aW 1lcy5jb20=[/IMG]
From India, Pune
Attrition rate= no. of employees resigned/ actual no of emloyees *100
Actual no. of employees= Total Number of employees at the beginning of the month plus total number of new joinees minus total number of resignations
From India, New Delhi
Actual no. of employees= Total Number of employees at the beginning of the month plus total number of new joinees minus total number of resignations
From India, New Delhi
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Calculation of Attrition Rate.doc
Attrition-rate. xls