A waterfall chart is generally used to display how the starting position and an ending point which are connected by a series of values (either increases or decreases). By a series of changes from the start value and through all the connecting intermediate increasing/decreasing values we arrive at the end point.
A waterfall chart is also called a bridge chart since the floating in between columns between the start value and the end value form a pseudo bridge.
We display the employee headcount in a monthly basis (increase /decrease) basis the new joinee and resignees in a month.
We start with the opening count of the year. The opening count are those employees who are on active payroll of the company at the start of the assessment year.
For E.g : Assessment year ( 01 Jan 2016 to 31 Dec 2016)
The opening count for 01 Jan 2016 will be the closing count as on 31 Dec 2015.
Then we show the net employee count for each month basis the employee joining or leaving . This is shown till Dec and then we display the closing count for Dec 2016.
In below example the opening count at the start of the year is 500. Throughout the year in each month we have certain number of joinees and resignees. Due to the same we may have an increase or a dercrease in the net employee count . At the end of the year the closing employee count is 509.We can see that in Jan there was a employee count decrease of 2 . So it means number of employees reduced from 500 to 498.
In Feb then there was a increase of 4. So employee count increased from 498 to 502. Continuing the calculations at the end of the year we have a closing count of 509.
Opening Count + Monthly Increase/Decrease) = Closing Count
500 + (-2+4+4+3+2+3-3-1-1-4-1+5) = 509
Download Waterfall Chart – Employee Headcount