Attriion and retention

Human Resources » Attrition and Retention

	Message From: shobha.kiran	Total Posts: 2	Join Date: 13/04/2010
Rank: Beginner	Post Date: 13/04/2010 07:13:10	Points: 10	Location: India

As i want to be aware of complete information about Attiion and retention, could you please help me?

	Message From: kprasoon	Total Posts: 34	Join Date: 13/04/2010
Rank: Executive	Post Date: 14/04/2010 05:40:04	Points: 170	Location: India

what information do you want?

	Message From: priyanka1236	Total Posts: 6	Join Date: 13/04/2010
Rank: Beginner	Post Date: 14/04/2010 05:43:29	Points: 30	Location: India

Hey ,

Here is the Retention Rate formula :

% Retention Rate (RR) = 100 - [ {S-(UT+BT)}/AE x 100]
Where:
RR = Retention Rate
S = Total Number of terminations from what ever cause (In effect this means the total number employees that have left the company for what ever reason)
UT = Unavoidable Terminations (i.e. retirements or long term illness)
BT = Beneficial Terminations (i.e. sometimes those staff that do leave provide benefit to the company by virtue of leaving, for example under performers
AE = The average number of employees working for the company during the same period as calculated, this should be any period of 12 months.

Hope you will find this useful.

Brgds,

Priyanka

	Message From: priyanka1236	Total Posts: 6	Join Date: 13/04/2010
Rank: Beginner	Post Date: 14/04/2010 06:21:22	Points: 30	Location: India

Hi,

Following my previous post ; here is the simple attrition rate formula.

Total Number of Resigns per month (Whether voluntary or forced) divided by (Total Number of employees at the beginning of the month plus total number of new joinees minus total number of resignations) multiplied by 100.

Brgds,

Priyanka

	Message From: Srihari Raju	Total Posts: 4	Join Date: 13/04/2010
Rank: Beginner	Post Date: 15/04/2010 10:56:57	Points: 20	Location: India