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Calculate the regular attrition rate.
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To determine the attrition rate for any given 30 days, you require to know the total number of workers at the starting of the 30 days. Then, you need to understand the number of new employees included that 30 days. Finally, figure out the number of workers who left. The number of employees who still left is certainly the number óf attritions.
- For instance, imagine a telecoms company had 150 workers as of April 1, 2015. During that month, 20 workers voluntarily still left the organization. Also, the company hired 25 fresh workers.
- Initial, determine the average number of employees. The beginning number was 150. If 20 people left and 25 people were hired, after that the closing number was 155. The typical number of employees for that 30 days can be determined with the equation.
- Next calculate the monthly attrition rate. In this month, 20 individuals remaining, and the average number of employees has been 152.5. The monthly attrition rate can end up being calculated with the equation
- The attrition rate for April, 2015 has been 13.11 pct.