Calculating and improving your attrition rate: Metrics that matter

Employee attrition and retention are like peas in a pod—attrition is the peas, employee retention is the pod. While they’re not the same, companies must address them as a package deal.

When employee retention is low, you have a problem: Happiness is down, engagement is off, or maybe the economy is strong, and people are leaving for greener pastures. But, when employee attrition is high, you might not have a problem, per se—but you do have something to address.

In this article, we’ll dive into everything you need to know about calculating and improving attrition rates at your organization, including: 

• Attrition vs. retention

• Calculating employee attrition

• What high attrition says about your business

• How HR leaders can address attrition