How to Calculate Monthly Attrition Percentage: A Simple Guide

Learn how to calculate monthly attrition percentage to monitor workforce stability and turnover trends.

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To calculate monthly attrition percentage, use the formula: Attrition Rate = (Number of Employees Who Left in the Month / Average Number of Employees During the Month) × 100. Determine the number of employees who left within the month. Then, find the average number of employees by adding the number of employees at the start and end of the month, then divide by two. Multiply the result by 100 to get the percentage. This calculation helps identify turnover trends and workforce stability effectively.

FAQs & Answers

  1. What is the formula for calculating attrition rate? The formula for calculating attrition rate is: Attrition Rate = (Number of Employees Who Left in the Month / Average Number of Employees During the Month) × 100.
  2. Why is calculating attrition percentage important? Calculating attrition percentage is important as it helps organizations understand employee turnover trends, assess workforce stability, and develop strategies to improve retention.
  3. How do you calculate the average number of employees? To calculate the average number of employees, add the number of employees at the beginning and end of the month, then divide by two.
  4. What factors can affect employee attrition rates? Factors that can affect employee attrition rates include job satisfaction, work environment, management practices, compensation, and career advancement opportunities.