Intertanko formula for retention rate
INTERTANKO Officer Retention Formula. INTERTANKO, through its Vetting Committee, has produced a single definition for calculating Officer retention. The Crew and Officer Retention Rates MORE . 29 May 2015. Best Practice Guide for Recruitment, Welfare and Competence of Cadets. Applying the retention Formula, 80 / 86 X 100 = 93.02 % Retention Rate. Now to calculate the Attrition Rate, 86 – 80 = 6 / 86 X 100 = 6.98 % Attrition Rate. You can use our ready template to calculate the attrition rate. Turnover Formula: (# of separations / average # of employees) x 100 = turnover rate. Turnover equals** number of separations** divided by the **average number of employees **during the same period. We then **multiply the result by 100 to get our turnover rate. As before, my retention rate for the month of June would be the following: 80/87 * 100 = 92%. In words, 80 of the 87 people I started with at the beginning of June are still around, a retention rate of 92%. My turnover rate, however, takes the new hires into account. INTERTANKO Members are asked to raise concern with their Flag States. We encourage Members to use our downloadable letter template and forward to your Flag. View full article. 2020 Sulphur Cap. From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating Retention Rate% = 100% 1* 2* 3* Total number of officer/crew terminations from whatever cause Number of unavoidable officer terminations Number of beneficial officer/crew terminations [ TT [ UT + BT ] ] Average number of officers/crew employed 4* x 100 Where to start? – Calculate Retention Rates for Various Ranks
INTERTANKO Officer Retention Formula. (Corrected) Version 2 Dated 12th March 2008. The formula is modelled upon the Abelson adjusted turnover rate
Applying the retention Formula, 80 / 86 X 100 = 93.02 % Retention Rate. Now to calculate the Attrition Rate, 86 – 80 = 6 / 86 X 100 = 6.98 % Attrition Rate. You can use our ready template to calculate the attrition rate. Turnover Formula: (# of separations / average # of employees) x 100 = turnover rate. Turnover equals** number of separations** divided by the **average number of employees **during the same period. We then **multiply the result by 100 to get our turnover rate. As before, my retention rate for the month of June would be the following: 80/87 * 100 = 92%. In words, 80 of the 87 people I started with at the beginning of June are still around, a retention rate of 92%. My turnover rate, however, takes the new hires into account. INTERTANKO Members are asked to raise concern with their Flag States. We encourage Members to use our downloadable letter template and forward to your Flag. View full article. 2020 Sulphur Cap. From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating Retention Rate% = 100% 1* 2* 3* Total number of officer/crew terminations from whatever cause Number of unavoidable officer terminations Number of beneficial officer/crew terminations [ TT [ UT + BT ] ] Average number of officers/crew employed 4* x 100 Where to start? – Calculate Retention Rates for Various Ranks
But in most cases the goal is to keep retention rates as high as possible, if only because it's expensive to land new customers. The same data lets you calculate customer acquisition rate.
As before, my retention rate for the month of June would be the following: 80/87 * 100 = 92%. In words, 80 of the 87 people I started with at the beginning of June are still around, a retention rate of 92%. My turnover rate, however, takes the new hires into account. INTERTANKO Members are asked to raise concern with their Flag States. We encourage Members to use our downloadable letter template and forward to your Flag. View full article. 2020 Sulphur Cap. From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating Retention Rate% = 100% 1* 2* 3* Total number of officer/crew terminations from whatever cause Number of unavoidable officer terminations Number of beneficial officer/crew terminations [ TT [ UT + BT ] ] Average number of officers/crew employed 4* x 100 Where to start? – Calculate Retention Rates for Various Ranks Intertanko members operate vessels with a combined capacity of about 283.5 million deadweight tons, according to the group. Retention Rate Formula. The most straightforward way to calculate retention rate is by dividing your active users that continue their subscriptions by the total number of active users in a time period. The # of active users continuing to subscribe/total active users at the start of a period = retention rate.
Intertanko members operate vessels with a combined capacity of about 283.5 million deadweight tons, according to the group.
INTERTANKO is committed to continuous improvement within the tanker industry - and we offer Members exclusive access to a suite of tools, enabling our Members to: Benchmark performance against the rest of the INTERTANKO Membership on issues including: Tanker Management and Self-Assessment, Officer and Crew Retention, Lost Time, Vessel Inspection Questionnaires The formula has been modified by INTERTANKO to ensure that the output is a measure of the company’s ‘retention rate’ (shown as a percentage) as opposed to a ‘turnover rate’, the corrected (March 2008) formula and explanatory notes can be viewed by clicking here.
22 May 2013 The problems won't ease any time soon because some vessel rates may take as long as four years to rebound, said Katharina Stanzel, the
(RR) Officer Retention rate = 99% Example 2: (AE) Company employs 57 sea staff (S) Total number of staff that left in a 12 month period, 15 (UT) Unavoidable terminations (1 left due to long term illness) (BT) Zero staff which left, were considered beneficial terminations (RR) Officer Retention Rate = 75% INTERTANKO Officer Retention Formula. INTERTANKO Officer Retention Formula % Retention Rate (RR) = 100 - [{S – (UT + BT)} X 100 AE] INTERTANKO Officer Retention Formula. (Corrected) Version 2 Dated 12th March 2008. The formula is modelled upon the Abelson adjusted turnover rate "Abelson M (1996) Turnover cultures and turnover audits" in Human Resources Management. The formula was adjusted by INTERTANKO to create a retention rate formula, as opposed to a turnover rate formula.
The formula has been modified by INTERTANKO to ensure that the output is a measure of the company’s ‘retention rate’ (shown as a percentage) as opposed to a ‘turnover rate’, the corrected (March 2008) formula and explanatory notes can be viewed by clicking here.