Attrition Percentage Formula:
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Attrition percentage measures the rate at which employees leave an organization voluntarily or involuntarily over a specific period. It's a key HR metric for understanding workforce stability and retention effectiveness.
The calculator uses the attrition percentage formula:
Where:
Explanation: The formula calculates what percentage of the workforce left during a given time period.
Details: Tracking attrition helps organizations identify retention problems, calculate hiring needs, and understand the costs associated with employee turnover.
Tips: Enter the number of employees who left and the total number of employees. Both values must be positive numbers, and the number who left cannot exceed the total employees.
Q1: What's a good attrition rate?
A: Industry standards vary, but generally 10% or less is considered healthy for most industries.
Q2: How often should attrition be calculated?
A: Typically calculated monthly, quarterly, and annually for trend analysis.
Q3: What's the difference between attrition and turnover?
A: Attrition refers to positions that are eliminated or not filled, while turnover refers to positions that are refilled.
Q4: Should voluntary and involuntary attrition be separated?
A: Yes, analyzing them separately provides better insights into different workforce challenges.
Q5: How does attrition affect company costs?
A: High attrition leads to increased recruitment, training costs, and lost productivity.