💡 : While there is no universal "perfect" number, experts often suggest aiming for below 10% .
: Replacing a highly trained employee can cost between 120% and 200% of their annual salary. attrition rate
: Remaining team members often absorb extra duties, which can lead to burnout and further departures. 💡 : While there is no universal "perfect"
To find your attrition rate, use the following standard equation: attrition rate
Unlike turnover, which assumes a one-for-one replacement of staff, focuses on the long-term or permanent reduction of headcount.
(Employees at Start+Employees at End)2the fraction with numerator open paren Employees at Start plus Employees at End close paren and denominator 2 end-fraction
: Critical institutional knowledge often leaves with the employee, disrupting continuity.