Could any please guide me through the steps to
measure attrition in a firm which has Technology staff,Business Domain Experts, and Process Staff (needless to say all differ in their qualification and expectation)
Design predictive model for managers so that they can look out for signs of attrition
Factors affecting attrition
incentive and compensation design to retain talents.
I know it is asking for too much but any help in the right direction can help me gaining insights into the domain.
Thanks for your help and support.
From India, Bangalore
measure attrition in a firm which has Technology staff,Business Domain Experts, and Process Staff (needless to say all differ in their qualification and expectation)
Design predictive model for managers so that they can look out for signs of attrition
Factors affecting attrition
incentive and compensation design to retain talents.
I know it is asking for too much but any help in the right direction can help me gaining insights into the domain.
Thanks for your help and support.
From India, Bangalore
Hi, If you search in CiteHR how to design compensation and incentives, you will get an idea. Even you can click on the posts appearing on the right side for attrition problem. Regards, Vaishalee
From India, Pune
176From India, Pune
Dear Mr. Gobindababu,
I would suggest you to ls refer the research engine on the top of the page and i assure yo that you will get many threads on Attrition....
I am also attaching 1 file which will give you a clear picture abou the calculation on Attrition....
From India, Mumbai
I would suggest you to ls refer the research engine on the top of the page and i assure yo that you will get many threads on Attrition....
I am also attaching 1 file which will give you a clear picture abou the calculation on Attrition....
From India, Mumbai
There is no specific formula for Attrition rate except explained above. However, the more important part is to know Why attrition. Look at my following post for at least one reason...
https://www.citehr.com/338095-empath...nizations.html
From India, Delhi
https://www.citehr.com/338095-empath...nizations.html
From India, Delhi
Thank you all for your help and contribution.
I precisely need help in finding out the factors affecting the attrition that can be used by managers as a predictive model to forecast attrition.
Any help in this direction is appreciated.
From India, Bangalore
I precisely need help in finding out the factors affecting the attrition that can be used by managers as a predictive model to forecast attrition.
Any help in this direction is appreciated.
From India, Bangalore
Dear Gobind Babu,
In fact attrition rate is not that simple to be calculated, as no fixed formula can be applied due to different reasons. If you calculate the attrition rate on monthly or quarterly basis every time you can get different figures, which is not fair. So, annual rate of attrition is considered to be appropriate.
Normally, the following formula can be considered as quite a fair formula to calculate attrition rate in any organization:
Attrition =(No. of employees who left in the year / average employees in the year) x 100
You can get a very good information even on the factors affecting attrition in an organization from one web page of naukri.com at the following link, which can guide you appropriately about attrition rate:
<link no longer exists - removed>
From India, Delhi
In fact attrition rate is not that simple to be calculated, as no fixed formula can be applied due to different reasons. If you calculate the attrition rate on monthly or quarterly basis every time you can get different figures, which is not fair. So, annual rate of attrition is considered to be appropriate.
Normally, the following formula can be considered as quite a fair formula to calculate attrition rate in any organization:
Attrition =(No. of employees who left in the year / average employees in the year) x 100
You can get a very good information even on the factors affecting attrition in an organization from one web page of naukri.com at the following link, which can guide you appropriately about attrition rate:
<link no longer exists - removed>
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals. CiteHR connects professionals facing similar challenges, leveraging a vast knowledge base (100K+ downloads, 150K+ discussions) and targeted emails to engage experts in solving issues.
Attrition-rate. xls