Attrition Rate Calculation

&nbsp ATTRITION Price CALCULATION (The formula and correct logic behind calculation of Attrition Price) ((no. Of attritions x one hundred) / (Actual Workers + New Joined)) /one hundred. &nbsp Examples: &nbsp 1) Actual Employees          No. Of individuals left     No. Of Joined        Total Staff (Opening BAL)                    (Attritions)                                        (Present Headcount)          150                                     20                             25                        155 &nbsp So […]

How to develop Vision, Mission and Values for organization

When approaching Vision, Mission and Values (VMV), as a method to be undertaken in your organisation, it is important that every person involved understands the notion and its component components. Descriptive definitions are offered under but right here are the fundamental meanings as an introduction: • Vision: exactly where we’re going in the lengthy-term • Mission: our […]

How to Give Effective Performance Feedback

Guidelines for Supervisors Performance feedback is an essential element of the supervisor/subordinate relationship. The vast majority of people want to make a difference in their place of work. They want to be recognized for their accomplishments and learn how to become even better. They want to know where they stand. People crave feedback that is […]

360 degree performance appraisal

1. Definition of 360 degree performance appraisal 360 Degree Feedback is a system or process in which employees receive confidential, anonymous feedback from the people who work around them. 2. Who should conduct 360 degree performance appraisal? • Subordinates. • Peers. • Managers (i.e. superior). • Team members. • Customers. • Suppliers/ vendors. • Anyone […]

External or Internal Recruiting: Who Does it Better?

It has been debated many times, but the question of whether recruitment is best done with internal or external resources can only be answered at an organizational level, based upon a cost-benefit analysis.   When doing this analysis, consider which method of recruitment scores higher on the following metrics:   Quality of hire Time to […]