What is Attrition Rate and How to Calculate it Easily?

Aarya Chalke22 Nov, 2023Technology

Attrition rate is a measuring tool that identifies the ratio of employees who resign from organisations voluntarily or involuntarily. It also represents the percentage of loyal customers of which employee leaves the company. It is a key indicator that calculates the pace at which people leave a company. It measures how many people or employees leave, voluntarily or involuntarily. Additionally, it helps track average employment duration, and competitive compensation, detects the cost of requirements, training, and exit interview, and maintains customer base and marketing. HRs can measure the attrition rate monthly, quarterly or annually to monitor progress.