How to Calculate Monthly Attrition in Excel: Step-by-Step Guide

Learn to calculate monthly attrition in Excel with our simple formula and example to improve employee retention metrics.

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To calculate monthly attrition in Excel, use the formula: `=(Number of Separations / Average Number of Employees) 100`. First, sum the separations in the month. Next, find the average number of employees by averaging the start and end count of employees for that month. Finally, apply the formula. Example: If 5 employees left and the average employee count was 100, attrition rate is `(5/100) 100 = 5%`.

FAQs & Answers

  1. What is the attrition rate? The attrition rate is a measure of the number of employees leaving a company over a specific period, usually expressed as a percentage of the total workforce.
  2. Why is it important to calculate attrition? Calculating attrition helps organizations understand employee turnover and retention, allowing them to improve workplace conditions and reduce hiring costs.
  3. What data do I need to calculate monthly attrition? You need the number of employee separations for the month and the average number of employees during that period.
  4. Can I use Excel for other HR metrics? Yes, Excel is a powerful tool for analyzing various HR metrics including turnover rates, headcount trends, and employee performance statistics.

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