To calculate the Attrition Rate:
\[ A = \frac{EL}{AE} \times 100 \]
Where:
The term attrition is used to describe the rate at which employees leave a company. It’s a ratio of left employees to total employees. The greater the number of employees that are leaving, the greater the attrition. This is typically bad for business. Retaining employees is key to a successful company.
Let's assume the following values:
Step 1: Use the formula:
\[ A = \frac{20}{200} \times 100 = 10 \]
Step 2: Display the result:
The attrition rate (A) is 10.00%.
Let's assume the following values:
Step 1: Use the formula:
\[ A = \frac{50}{500} \times 100 = 10 \]
Step 2: Display the result:
The attrition rate (A) is 10.00%.