Dear All, Can any body give me the formula of Retention of employees. Regards, Minal Bagwe
From India, Pune
From India, Pune
Employee retention rate : Employee retention is number of employees staying in the organization.
Employee attrition rate : The rate at which the employees leave the organization.
Formula (Monthly) = Number of attrition in that month / Total number of employees in that month * 100
Regards
Hema
From India, Hyderabad
4Employee attrition rate : The rate at which the employees leave the organization.
Formula (Monthly) = Number of attrition in that month / Total number of employees in that month * 100
Regards
Hema
From India, Hyderabad
But what about the candidates which we have recently recruited which will be a part of total number of employees. Please let me know Regards Yash
From India, Bhopal
From India, Bhopal
Hey ,
Here is the retention Rate formula :
% Retention Rate (RR) = 100 - [ {S-(UT+BT)}/AE x 100]
Where:
RR = Retention Rate
S = Total Number of terminations from what ever cause (In effect this means the total number employees that have left the company for what ever reason)
UT = Unavoidable Terminations (i.e. retirements or long term illness)
BT = Beneficial Terminations (i.e. sometimes those staff that do leave provide benefit to the company by virtue of leaving, for example under performers
AE = The average number of employees working for the company during the same period as calculated, this should be any period of 12 months.
Hope you will find this useful.
--
Priyanka
From India, Mumbai
Here is the retention Rate formula :
% Retention Rate (RR) = 100 - [ {S-(UT+BT)}/AE x 100]
Where:
RR = Retention Rate
S = Total Number of terminations from what ever cause (In effect this means the total number employees that have left the company for what ever reason)
UT = Unavoidable Terminations (i.e. retirements or long term illness)
BT = Beneficial Terminations (i.e. sometimes those staff that do leave provide benefit to the company by virtue of leaving, for example under performers
AE = The average number of employees working for the company during the same period as calculated, this should be any period of 12 months.
Hope you will find this useful.
--
Priyanka
From India, Mumbai
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Attrition-rate. xls
Revised rate.pdf
Retention quest.doc