How to Calculate Monthly Attrition: Formula Explained

Learn the formula for calculating monthly attrition in your organization effectively.

104 views

To calculate monthly attrition, use the formula: (Number of separations during the month / Average number of employees during the month) x 100. This gives you the percentage of employees who left the organization in a given month, helping you monitor workforce stability.

FAQs & Answers

  1. What is attrition in the workplace? Attrition refers to the gradual reduction of employees through resignations or retirements, often impacting company stability.
  2. Why is calculating attrition important? Calculating attrition helps organizations understand workforce stability and make informed decisions regarding recruitment and retention.
  3. What factors can affect employee attrition rates? Factors include job satisfaction, company culture, compensation, and market conditions.
  4. How can I lower attrition rates in my organization? Consider improving employee engagement, implementing feedback mechanisms, and enhancing career development opportunities.

Watch More

For more insights on workforce management and employee retention strategies, check out our videos on employee satisfaction surveys and turnover analysis.

  1. Understanding Monthly Retention Rate: The Essential Calculation Learn how to calculate monthly retention rate to evaluate user loyalty and satisfaction effectively.
  2. How to Calculate Absenteeism Rate in Excel: Step-by-Step Guide Learn how to efficiently calculate absenteeism rate in Excel with this easy-to-follow formula.