Can any one help me in understanding how attrition % is calculated. I'm trying to understand the process what we follow is as per industry or not.
We calculate as follows:
Formula : Attrition for the month/Total Headcount * 100
Ex : 3012 Headcount for the month (Last month Headcount 2812 + 200 new joinees) 65 resignations for the month.
65/3012 * 100 = 2.15% I'm not convinenced with the formula......
We recruit every month 200 - 250 members (continuous recruitment), should we include new joinees while calculating attrition % ? if so, we will not know correct % any time.