Hi, Can anybody clarify the calculation of the monthly Attrition rate? I wanted to know when we calculate the rate, we say that the calculation goes as below:-
= {Total number of the resigned employees during the month / (open headcount in a month + new joiners in the current month) } *100, which means that "resigned employee" here typically means the one who has completed LWD and got separated from the company is it? OR resigned but still under the notice period?
= {Total number of the resigned employees during the month / (open headcount in a month + new joiners in the current month) } *100, which means that "resigned employee" here typically means the one who has completed LWD and got separated from the company is it? OR resigned but still under the notice period?
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Calculation of Attrition Rate.doc
Attrition-rate. xls