Hi,
Could anybody pls. clarify me on the attrition formula?i have gone thru the various posts & is a bit confused about it.
Hypothetical Example - Opening Headcount 2812
200 new joinees
65 resignations for the month
Thus,closing Headcount = 2812+200-65=2947
Is it,
1.Attrition for the month/Total Headcount * 100 = (65/(2812+200))*100=2.15% or,
2.Attrition for the month/(Opening Headcount + Closing Headcount)/2*100
=65/(2812+2947)/2 *100 = 2.25%
From India, Calcutta
2Could anybody pls. clarify me on the attrition formula?i have gone thru the various posts & is a bit confused about it.
Hypothetical Example - Opening Headcount 2812
200 new joinees
65 resignations for the month
Thus,closing Headcount = 2812+200-65=2947
Is it,
1.Attrition for the month/Total Headcount * 100 = (65/(2812+200))*100=2.15% or,
2.Attrition for the month/(Opening Headcount + Closing Headcount)/2*100
=65/(2812+2947)/2 *100 = 2.25%
From India, Calcutta
Dear Soumita,
Please see posts at https://www.citehr.com/927-attrition...lculation.html Rajat Joshi has given a good explantion. It does not matter which of the two alternatives you use; you need to be consistent in its use to compare figures from one period to another.
Have a nice day.
Simhan
A retired academic in UK
From United Kingdom
Please see posts at https://www.citehr.com/927-attrition...lculation.html Rajat Joshi has given a good explantion. It does not matter which of the two alternatives you use; you need to be consistent in its use to compare figures from one period to another.
Have a nice day.
Simhan
A retired academic in UK
From United Kingdom
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Attrition Rate formula.pdf
Attrition formula.doc
Attrition-rate. xls