What Is Timeline Driven Analysis Of Attrition?

HRM is often a function in organization made to maximize employee performance in service of the employer’s arranged objective. HR is primarily interested in how people are managed within organization, focusing upon policies and systems. HR departments and units inside organization are typically responsible for several activities, including employee recruitment, training and development, performance evaluation and rewarding. HR is also interested in industrial relations that is the balancing of the organization practices with regulation arising from collective bargaining.

Employee retention

Refers to the ability of an organization to retain the employees .employee retention can be represented by simple statistics .however many consider employee retention as relating to the efforts

Here a unit of time should be minimum a week and can be year also. However generally it is taken as a month. We can team each unit as a period.

Timeline driven analysis can fairly forecast the forthcoming attrition for subsequent years.it trended properly.it also gives a scope of extrapolating the present trend to look at the possible future, within a year. Primarily it facilitates the comparative analysis of the different group that have the performance of group managers matched against each other. This comparison can be done period to arrive at incremental performance of each manager and one against the other.

Attrition can be calculated with a very simple formula. However, there are variants of attrition formula that 5 solve different or they also ensure the correctness in large sets.

3.2.1 PERIODIC ATTRITION Attrition calculated for the each period that can be week, for night, month, quarter or a year. The result is expressed in percent.

3.2.2 ANNUALIZED