That’s great! But attrition varies among different employee groups in my company. How can I allow for it?
In that case, you can calculate the attrition rate separately for each of the categories (i.e., in this case “new joiners”, say “NJ” or simply “N”, and “existing employees”, say “EE” or simply “O”). Our app allows you the flexibility to input a different assumption for each category of employee. You then just need to define the category of each employee, so that the software can apply the appropriate attrition assumption for each employee. You can watch our YouTube tutorial video on “multiple categories of attrition rate” to learn this in detail.
Also, please note that you can define the categories as per your company’s requirements, for instance, some may want to categorize based on blue vs white collar, while others may want to categorize senior management vs others and so on.
Not just that, you can also categorize salary escalation rate assumption. To read more on calculation of salary escalation rate, please click here.