I'm having a bit of trouble finding a good explanation of what an Annualised figure actually is.
For example, annualised staff attrition.
Within a 1 month period, there were X amount of staff employed, and Y amount left the company.
What is the formulae for working out the Annualised Attrition %, and what does it mean, and what is it good for?
I've come across several ways of working this figure out, but i've never got a good explanation of why a person believes theirs to be better than the next.
All help appreciated.