Attrition, Turnover & Retention: What's the difference? Plus How to Calculate Attrition

What does it mean when people use the terms employee attrition, turnover or retention? What's the difference between voluntary and involuntary attrition? How are attrition rates calculated? Plus, the reason why I'm not a big fan of annualized attrition rates.

[HeatherWhiteman]

I am so glad I made this video! I knew I might start a bit of people analytics controversy over the annualized attrition rate and there was so much good content here and over in the LinkedIn comments of the post. I love all the thought given to how we measure people at work aspects. You all are awesome! Let me know if there are other topics like this I should hit on next!

[khurramkhan]

Heather thank you for sharing this video. Looking forward to learning more!

[WhiskeyCharged]

You're great. Thanks for this video!

[engchoontan]

We apply to census
Rate-of attrition
World census
Gender census

[Eri-Wi-]

Annual attrition rates.
Say that the company loses 75 per cent of their new hire within the 1st quarter and 15. per cent of the new hire within the 3 quarter and will as 45 percent of their older employees with in the year.
Due to new management personnel.
With very harsh attitudes
This company with have to get new hires or get rid of the new management personnel program.
Or if a rate of for every one new hire
30 people resign from the company new and old
You may have a problem with the company overall right.
If the company size is small to medium size, large size companies