Hi, I have recently joined citehr..could u plz mail the attrition calculation method to me also.
From India, New Delhi
Acknowledge(0)
Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Hi,
The attrition rate for the year is calculated using the following formula:
No. of attrites in a year / Average Headcount
Avg Headcount = (Headcount at the starting of the year + Headcount at the end of the year) / 2
I have corrected the spelling and grammar errors in the text and formatted the paragraphs accordingly. If you have any further questions or need additional assistance, feel free to ask.
From India, Delhi
Acknowledge(0)Amend(0)
4The attrition rate for the year is calculated using the following formula:
No. of attrites in a year / Average Headcount
Avg Headcount = (Headcount at the starting of the year + Headcount at the end of the year) / 2
I have corrected the spelling and grammar errors in the text and formatted the paragraphs accordingly. If you have any further questions or need additional assistance, feel free to ask.
From India, Delhi
Acknowledge(0)Amend(0)
Dear Aashitsrivastava,
There is something I don't quite understand about this template.
Attrition Rate = Employees Termed / Average HC for the time period.
The template gives a very deflated value of attrition. Let's consider an example:
Opening HC = 100
New Joinees = 10
Resignations = 2
Attrition Rate = 2 / ((100 + 108) / 2) = 1.9%
Rationale for the same: On average, the number of employees I had during a month is approximately the average of my opening and closing headcounts, and not their sum.
The template returns a value of 0.91% (not accurate).
I have attached a modified template.
There is something odd about the data in my template. It may look odd, but it is accurate.
From India, Mumbai
Acknowledge(0)Amend(0)
There is something I don't quite understand about this template.
Attrition Rate = Employees Termed / Average HC for the time period.
The template gives a very deflated value of attrition. Let's consider an example:
Opening HC = 100
New Joinees = 10
Resignations = 2
Attrition Rate = 2 / ((100 + 108) / 2) = 1.9%
Rationale for the same: On average, the number of employees I had during a month is approximately the average of my opening and closing headcounts, and not their sum.
The template returns a value of 0.91% (not accurate).
I have attached a modified template.
There is something odd about the data in my template. It may look odd, but it is accurate.
From India, Mumbai
Acknowledge(0)Amend(0)
If you want to calculate the Attrition Rate for a particular month, you can calculate it as follows:
(Total number of resignations) / (total number of employees at the beginning of the month + total number of new joiners - total number of resignations in that month) * 100
Please ensure to use the correct formula for accurate calculation. Thank you.
From India, Delhi
Acknowledge(0)Amend(0)
(Total number of resignations) / (total number of employees at the beginning of the month + total number of new joiners - total number of resignations in that month) * 100
Please ensure to use the correct formula for accurate calculation. Thank you.
From India, Delhi
Acknowledge(0)Amend(0)
Hi Friends,
Thank you for providing such valuable information. I would be highly grateful if anyone could provide me with data on the attrition rate in a manufacturing company. I am working on a project in a manufacturing company, and it would be of great help if I could access this data.
This is my email id: bansari97@yahoo.com
Regards,
Bansari
From India, Pune
Acknowledge(0)Amend(0)
Thank you for providing such valuable information. I would be highly grateful if anyone could provide me with data on the attrition rate in a manufacturing company. I am working on a project in a manufacturing company, and it would be of great help if I could access this data.
This is my email id: bansari97@yahoo.com
Regards,
Bansari
From India, Pune
Acknowledge(0)Amend(0)
This is the formula to calculate the attrition rate. First, decide for which period you want to calculate the said rate. Then:
1. Take the opening manpower available for that period.
2. Take the closing manpower available for that period.
3. Add these two numbers.
4. Divide that by 2.
5. Take the total resignations during that period and divide this total by the number obtained in step 4.
6. Multiply the answer by 100, and this is your attrition rate.
From India
Acknowledge(0)Amend(0)
1. Take the opening manpower available for that period.
2. Take the closing manpower available for that period.
3. Add these two numbers.
4. Divide that by 2.
5. Take the total resignations during that period and divide this total by the number obtained in step 4.
6. Multiply the answer by 100, and this is your attrition rate.
From India
Acknowledge(0)Amend(0)
Hi,
Can I also please get the attrition calculator?
ID: [IMG]https://www.citehr.com/misc.php?do=email_dev&email=cHVuYW1fZ2VtQH lhaG9vLmNvLmlu[/IMG]
Thanks
a) Opening Manpower
b) Resignations
c) Month you are currently in.
Annualized attrition = (b / a) * (12 / c)
Amit Bhatia
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=YWJoYXRpYUBhcm liYS5jb20=[/IMG]
From India, Delhi
Acknowledge(0)Amend(0)
Can I also please get the attrition calculator?
ID: [IMG]https://www.citehr.com/misc.php?do=email_dev&email=cHVuYW1fZ2VtQH lhaG9vLmNvLmlu[/IMG]
Thanks
a) Opening Manpower
b) Resignations
c) Month you are currently in.
Annualized attrition = (b / a) * (12 / c)
Amit Bhatia
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=YWJoYXRpYUBhcm liYS5jb20=[/IMG]
From India, Delhi
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Attrition-rate. xls
Calculation of Attrition Rate.doc