Im doing my summer internship project on Attrition Rate.
i have calculated attrition rate monthly as follows,
if number of employees left organisation=10
actual strength=100 (new joinings+existing employees)
Attrition Rate=10/100*100 = 10 %
But if we multiply it by 12 (for 12 months), then it comes to 120%.
(and i think its not correct).
please tell me the proper formula for calculating attrition rate.