Key Features

• Optimize your labor costs as you schedule
• Assign and delegate tasks per shift or employee
• Accurately track employee work time, from anywhere
• Easily schedule and communicate across multiple locations
• Stay in touch with messaging, newsfeed, and more
• Manage all of your work from a single easy-to-use platform

Industries We Serve

• Restaurants
• Entertainment
• Emergency Services
• Retail
• Call Centers
• Caregiving
• Hospitality
• Education

Understanding Attrition Rate

Attrition rate is a vital metric for any business. It provides insight into employee turnover and helps in optimizing team management practices.

Definition

The general definition of attrition rate is the number of people leaving a group over a specific period. In business context, it often refers to employees leaving the company.

Benefits

• Reduced Costs: Some attrition can reduce labor costs by replacing long-time employees with new, lower-paid staff.
• New Talent: Fresh ideas and innovation from new hires can boost your team's creativity and energy.
• Improved Performance: Removing low-performers can enhance your team’s overall productivity.
• Stronger Company Culture: Attrition can make your company culture more robust and cohesive.

Calculation

Here's a simple formula to calculate your attrition rate:

Attrition Rate = (Number of Departures / Annual Average Number of Employees) x 100

Follow these steps to calculate:

1. Determine the total number of employees for each of the next twelve months, then find the annual average.
2. Count the total number of employee departures in the year.
3. Divide the number of departures by the annual average number of employees.
4. Multiply by 100 to get the attrition rate percentage.

Keep Your Attrition Rate Low with Flexibility

Offering flexible work schedules can help reduce attrition rates. Consider alternatives to the standard 9-5 schedule, such as:

• Four 10-hour days
• Rotating shifts
• 9-hour shifts Monday through Thursday and a 4-hour shift on Friday
• 80 hours in 9 days with the 10th day off
• 6.5-hour shifts 6 days a week

Using a cloud-based employee management app like Sling can make these flexible schedules feasible and keep your team happier.