Yearly Attrition Report Apple Numbers Template is a document that helps you to calculate the attrition rate of a company on a monthly, bi-yearly and yearly basis. It is prepared with predefined formulas and calculates the attrition rate automatically.
Usually, HR heads use Yearly Attrition Report to monitor the attrition rate and rectify the causes of attritions in their organizations.
Attrition Rate is the reduction of a company’s workforce due to retirements, transfers, resignations, terminations or deaths. This reduction can be voluntary and involuntary. It is also known as employee turnover rate.
People leave organizations due to many reasons. It could be a rigid manager, harassment, torture, overload of work. It could be anything. For the employee point of view, companies with less attrition rate are considered good for jobs.
Now coming back to the employer point of view, higher attrition will cause higher recruiting costs, wastage of manpower, time and money behind the recruitment process. In addition to the above, due to a low workforce, the company’s work will also suffer.
Formulas to Calculate Attrition Rate
The formula to calculate the attrition rate is as below:
Employees left during the month / Closing Strength of employees at the end of the Month.
Using the above formula, we have created Yearly Attrition Report Apple Numbers Template with predefined formulas.
You just need to enter the number of employees recruited and left during a particular month and it will automatically calculate the attrition rate for you.
You can download the same in excel from the link below:
In addition to the above, you can also download other templates in Apple Numbers like Salary Sheet Apple Numbers Template, Cost Per Hire Calculator Apple Numbers Template, Over Time Calculator Apple Numbers Template and much more.
Let us discuss the contents of the template in detail.
Contents of Yearly Attrition Report Apple Numbers Template
In the heading section, you can change the year as per your requirement. When you change the year it will reflect the last two digits along with the Month name.
Yearly Attrition Report Apple Numbers Template consists of following columns:
Sr # : Serial Number. Enter the first one and it will automatically update the rest.
Month: Name of the Month. No need to make any entries in this column. It will automatically change the year according to the input in the above section.
Opening Strength: Strength of the organization at the beginning of the month. You need to enter the opening balance of the first month only. For the rest of the months, the closing balance of the previous month will be the opening balance of the month.
Employees Joined: Number of employees recruited in that particular month.
Employees Left: Number of employees left during that particular month.
Closing Strength: Strength of the organization at the end of the month. This cell contains a predefined formula and thus you don’t need to enter any amount here.
Closing Strength = Opening Strength + Employees Joined – Employees Left
Attrition Rate: This cell display the attrition rate of that particular month. This column also has predefined formula thus it will automatically calculate the attrition rate for you.
The formula used here is Cell F5 / Cell G5 where F5 is the employees left during the month and G5 is the Closing Strength. Select the cell format as the percentage so that it displays the % sign and proper decimals.
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