Last post March 30, 2009 23:51 PM by harpal20819. 1 repiles.
Dear All I hope all the members here are aware of "Cost of Attrition". Kindly suggest as how you calculate Cost of Attrition in your Organization. What are the factors and parameters that you consider in calculating Cost of attrition? What all Direct Costs; Indirect Cost and Overhead costs you consider to arriving at actual "Cost of Attrition"? For beginners, "Cost of Attrition" means Total Cost of Each Separation. Calculating Retention Percentage Another query that I have is how you calculate "Retention Percentage" in your Organization? What period do you calculate, while calculating Retention Percentage? While Calculating "Retention Percentage" does you also consider those new hires that have joined towards the end of the Period??? For Beginners, "Retention Percentage" is not Opposite of "Attrition Rate". For example, if the attrition rate of your organization is 18% that does not imply that the Retention Percentage is 82%. Kindly help me in understanding, the way you calculate "Retention Percentage" in your Organization.
Thanks in advance