Attrition rate means to calculate the proportion of employees leaving from an organization over a specific period of time. It is a tool developed by the HR professional to measure the employee metrics. It is also known as turnover rate or churn rate.
What is Attrition?
Attrition means the reduction in the number of employees of an organization through resignation, retirement or death.
Download Employee Attrition Report Excel Template
Employee Attrition Report is a ready-to-use template in Excel, Google Sheets, Apple Numbers, and OpenOffice Calc to calculate Employee Attrition Rate. HR professionals prepare the Attrition report monthly or yearly to monitor and rectify the causes of attritions in the organizations.
What is Conveyance Allowance?
Conveyance allowance is a fixed allowance granted by an employer to his employees towards the cost of travel from home to work and vice-versa.
What is Medical Allowance? Types, Rules & Taxability
Medical Allowance is a fixed allowance paid to the employees as a part of their salary to meet his/her regular medical needs.