Difference between revisions of "Calculate Attrition Rate"
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Your company’s attrition rate is the rate at which employees voluntarily leave your firm. The attrition rate is also referred to as the employee turnover rate or the “churn” rate. If your company has a high attrition rate, it may cost you a significant amount of money to continually replace employees. Furthermore, customers may perceive a drop in the value of your product or service due to a diminished work force or lack of morale or motivation in remaining employees. This damage to your brand may further impact your bottom line. | Your company’s attrition rate is the rate at which employees voluntarily leave your firm. The attrition rate is also referred to as the employee turnover rate or the “churn” rate. If your company has a high attrition rate, it may cost you a significant amount of money to continually replace employees. Furthermore, customers may perceive a drop in the value of your product or service due to a diminished work force or lack of morale or motivation in remaining employees. This damage to your brand may further impact your bottom line. | ||
| − | [[Category:Accounting and Regulations]] | + | [[Category: Accounting and Regulations]] |
== Steps == | == Steps == | ||
[[Doc:Attrition Rate,Attrition Rate Calculator]] | [[Doc:Attrition Rate,Attrition Rate Calculator]] | ||
