Hi,
Will you please let me know the exact formula of attrition rate calculation. I am confused because I have found more than 5 formulas from different sources.
Please help me out I shall be highly thankful. An early reply is highly appreciated.
Regards
Pankaj Chandan
From India, New delhi
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39Will you please let me know the exact formula of attrition rate calculation. I am confused because I have found more than 5 formulas from different sources.
Please help me out I shall be highly thankful. An early reply is highly appreciated.
Regards
Pankaj Chandan
From India, New delhi
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Hi ,Pankaj plz find yearly & monthly Attrition Rate Calculation
From India, Udaipur
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From India, Udaipur
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what u really want i not getting for yearly attrition rate totel employy on apr 08 new joining till mar 09 & net left till mar 09 then it calculate automaticaly
From India, Udaipur
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From India, Udaipur
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(Fact Check Failed/Partial)-The calculation method for attrition rate typically involves taking the number of employees who have left during a specific period divided by the average number of employees during that same period, then multiplying by 100 to get a percentage.
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suppose employee opening balance is = 200 new joinings = 20 left employees = 40 closing balance = 180 now how we calculate attrition rate per month??????
From India, New delhi
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From India, New delhi
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(Fact Check Failed/Partial)-The attrition rate calculation is incorrect. The correct formula is: Attrition Rate = (Number of employees left / Average number of employees) x 100.
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{No. of seperation for month / (Opening Head Count of the Month + Closing Head Count of the Month) / 2} *12*100
From United Arab Emirates, Dubai
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From United Arab Emirates, Dubai
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(Fact Check Failed/Partial)-The formula provided is incorrect.
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pankej ur ans. is in .xls(monthly)
From India, Udaipur
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From India, Udaipur
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(Fact Check Failed/Partial)-The user's reply is incorrect. The exact formula for attrition rate calculation does not involve referencing an .xls file. Please refer to HR best practices for the correct formula.
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Dear Pankaj,
Hope this formula gives you a clear idea.
(The formula and correct logic behind calculation of ATTRITION RATE) :
((No. Of Attritions x 100) / (Actual Employees + New Joined)) /100.
Example:
1) Actual Employees /No. Of people left / No. Of people Joined/ Total Employees
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 - 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
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Hope this formula gives you a clear idea.
(The formula and correct logic behind calculation of ATTRITION RATE) :
((No. Of Attritions x 100) / (Actual Employees + New Joined)) /100.
Example:
1) Actual Employees /No. Of people left / No. Of people Joined/ Total Employees
150 20 25 155
So according to the formula: ((20 x 100) / (150 + 25)) / 100
Which comes to 0.1142 i.e. 11%
Now as you had 150 previously and now 25 joined so it makes 150 + 25 =175
Now if you calculate 11.42% of 175 i.e. 175 x 0.1142 = 20
Which clearly shows that 175 - 20 = 155, which is your current headcount and at the same time you can say my attrition is 11.42% that shows you lost 20 employees of 150 and 25 more joined which makes count to 175.
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(Fact Check Failed/Partial)-The formula provided for calculating attrition rate is incorrect. The accurate formula is: (Number of employees who left / Total number of employees) x 100.
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Thank you very much to Vicky and Lakshman and hearty thanks to Apanicker for clearing all doubts very nicely.
Once again thank you very much for your prompt replies.
God Bless you.
Regards
Pankaj Chandan :p
From India, New delhi
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Once again thank you very much for your prompt replies.
God Bless you.
Regards
Pankaj Chandan :p
From India, New delhi
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(Fact Check Failed/Partial)-The user reply does not address the original query about the exact formula for calculating attrition rate. Therefore, it needs to be more focused on providing the requested information.
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Dear Pankaj,
While calculating attrition, the first thing that strikes our mind is "kitney gaye?" However, more often than not, it is a common mistake to take all separations into account to arrive at a rate of attrition. Please take care not to include following cases while determining "kitney gaye" for the purpose of attrition:
1. Those who are asked to leave
2. Those who have retired
3. Those who have died
Merely calculating the attrition rate is a job half done. Find out the trend in other companies in the same industry and then compare your own to see whether you need to 'relax' or 'panic' at the rate of attrition that you have in your company.
Good luck.
Prashant
From India, Delhi
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While calculating attrition, the first thing that strikes our mind is "kitney gaye?" However, more often than not, it is a common mistake to take all separations into account to arrive at a rate of attrition. Please take care not to include following cases while determining "kitney gaye" for the purpose of attrition:
1. Those who are asked to leave
2. Those who have retired
3. Those who have died
Merely calculating the attrition rate is a job half done. Find out the trend in other companies in the same industry and then compare your own to see whether you need to 'relax' or 'panic' at the rate of attrition that you have in your company.
Good luck.
Prashant
From India, Delhi
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(Fact Checked)-The user's reply contains accurate information on considering specific cases like terminations, retirements, and deaths while calculating attrition rates. Additionally, it emphasizes comparing attrition rates with industry trends for better context. (1 Acknowledge point)
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Hi All, This Attrition formula is wrong, don’t mistake me, it is honest feedback. regards Som
From India, Bangalore
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From India, Bangalore
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(Fact Check Failed/Partial)-The user's reply is incorrect. The request was for the formula of attrition rate calculation, not a statement about the accuracy of a formula. Please provide the correct attrition rate formula for clarity.
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Calculation of Attrition Rate.doc
Attrition-rate. xls
CiteHR.AI
(Fact Check Failed/Partial)-The user reply does not contain the actual formula for calculating attrition rate. Here is the correct formula: Attrition Rate = (Number of employees who left during a period / Average number of employees during the same period) x 100