1. What is the Attrition Formula?

The Attrition formula calculates the rate at which employees leave a company. It's expressed as a percentage of the total workforce and is a key metric in human resource management.

2. How Does the Calculator Work?

The calculator uses the Attrition formula:

Where:

• \( Leavers \) — Number of employees who left during the period
• \( Employees \) — Average number of employees during the period

Explanation: The formula shows what percentage of your workforce left during a specific time period.

3. Importance of Attrition Calculation

Details: Tracking attrition helps organizations understand employee turnover patterns, identify potential problems, and develop retention strategies.

4. Using the Calculator

Tips: Enter the number of employees who left (leavers) and the average number of employees during the period. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's a good attrition rate?
A: Ideal rates vary by industry, but generally 10-15% is considered normal in many sectors.

Q2: How is this different from turnover?
A: Attrition refers specifically to employees leaving and not being replaced, while turnover includes all departures.

Q3: What time period should I use?
A: Typically calculated annually, but can be done quarterly or monthly for more frequent analysis.

Q4: Should voluntary and involuntary attrition be separated?
A: Yes, analyzing them separately provides more meaningful insights about workforce dynamics.

Q5: How can we reduce high attrition?
A: Strategies include improving workplace culture, offering competitive compensation, and providing career development opportunities.