Struggling to Calculate Attrition Costs in Indian BPOs? Share Your Methods Here!

Hi, I'm doing a project on attrition control and want to know if there is any tested method for the calculation of the cost of attrition. I have already checked a few sites that have calculators, but they don't seem to be relevant for the Indian context. Please share any method you may be aware of...

Many thanks and regards,
Hetal

Hi Hetal,

The basic formula for calculating attrition is the headcount left/replaced during the period plus the total number of headcounts. This way, you can calculate attrition. If you need any help, please provide me with your email ID, and I will send you the Excel sheets that can assist you in analyzing attrition.

Sumeeksha

Dear Sumeeksha,

Thank you for replying. Actually, I already have formulas to calculate attrition rate, but what I'm finding difficult is how to find out the "cost of attrition." How much does a company lose when an employee leaves within 0-90 days, especially in a BPO?

Please guide me if you have any relevant material.

Many thanks and regards,
Hetal