SlideShare a Scribd company logo
1 of 11
Download to read offline
Impact of Attrition
Benchmark Study
Results from August 2007 Survey
Impact of Attrition Survey

  Request sent to Knowlagent internal
  database via email
                              Title Breakdown
  251 responses
                                                                    Unknown
                                                                      3%
                                                            Other
                                                            19%

                                                                                   Manager
                                                                                    38%


                       Number of Agents

                                                            VP
          17.2%                                            18%
      More than 1000

                                              33.3%
                                           Less than 100                Director
                                                                         22%
    11.7%
   501-1000




       10.6%
      301-500


                                  27.2%
                                 101-300
Organizational Goals
       Please select the category that most closely matches that of the most
                        important goals in your call center.

                                                                   Revenue/Sales related 15.6%

                                                                   Customer satisfaction related
                                                                                                       68% of goals are
                                                                   40.2%
                                                                   Customer loyalty related 4.5%
                                                                                                       customer satisfaction,
                                                                                                       loyalty or experience-
                                                                   Quality related 8.6%
                                                                                                       related.
                                                                   Cost related 3.3%

                                                                   Customer experience related
                                                                   22.1%
                                                                   Net promoter related 0.8%

                                                                   Other (please specify) 4.9%




                                                        Organization's Success Towards Most Important Goal
                                                                      Did not meet goal
39% of respondents                                                           4%

were partially or                                                                                       Exceeded the goal
completely                                                                                                    25%

unsuccessful against                      Partially met the goal
their highest stated                                35%


goal.


                                                                                                   Met the goal
                                                                                                      36%
Ranking Challenges to Goal Achievement


           What are the key obstacles to achieving the goal? (all that apply)


                    Other 14.3%

                                                    Agents not the right
                                                    personality fit 29.5%
                                                                             Agents without right
                                                                            skills and knowledge
                                                                                    41.0%


                                                                                      Agent attrition 52.5%
                                   Organizational
                                  alignment 21.7%
                                     Other goal(s) in conflict
                                             23.8%
                                                                      Not enough resources
                                                                             37.7%
                             Not enough budget
                                   19.3%



   Attrition ranks the highest. Other issues addressable via hiring
    processes also stand out – personality and skill mismatches.
Impact of Attrition


            Impact of Attrition on Achieving Goals

                         Doesn’t affect
                         success at all
                             2%                  Major reason for lack
                                                     of success
            Has little effect on                         15%
                success
                    13%




                                   Gets in the way of
                                       success
                                          70%

   Attrition significantly impacts success at 85% of companies.
Attrition Across the Agent Lifecycle



     17           15             17                                     13
                                               22
                                                            29
     4             6
                                  8                                     16
     9                                         5
                  13
                                 12            8            3                     Do not track
                                                            5
     14                                                     3           17
                                               12                                 >50%
                  19
                                 20                                               31-50%
                                                            19
     20                                                                 20        21-30%
                  18                           27                                 11-20%
                                 19
                                                                                  0-10%
                                                                        21
                                                            41
     36
                  29                           26
                                 24
                                                                        13

  New hire    Less than 90   90 days to 1   1-3 years   More than 3   Overall
   training   days on the        year                     years       attrition
                  floor


  When reporting on attrition at different stages, respondents
  typically reported lower numbers than what would be expected
  when reviewing the overall attrition percentages.
Why does attrition occur?


                                 Rank order the top 3 reasons for attrition.

      The agent has a poor relationship with the
                     supervisor

                                             Other

 The agent does not have a clear career path for
                 advancement
                                                                                                 Number 1
   The agent does not have the right knowledge
                                                                                                 Number 2
          and skills to perform the job
                                                                                                 Number 3
 The agent isn’t a good personality fit for the job


         The job is not what the agent expected


         The agent leaves to make more money

                                                      0   5   10   15   20   25   30   35   40


 While increasing salary is selected most often as the cause of attrition, the most
 highly ranked reason is related to unclear job expectations. When Number 1 and
 Number 2 rankings are combined, increased salary, unclear expectations and
 personality fit appear to be equal contributors to attrition.
Battling Attrition

                                 Rating Method Effectiveness Against Attrition

                                       Increasing salaries       13          21                  35                  13      2       16


                  Focusing on career growth opportunities        12               30                      34                 13 1 11


                  Improving/Creating mentoring programs          11               36                      27             7 1     19

   Implementing supervisor-agent coaching programs for
                                                                    19                  40                         26            7        8
                    existing agents

Increasing training and communications to existing agents           19                  40                          29               7 15


                   Improving new hire training and nesting         17                      50                           22           5 7


                         Using assessment tools for hiring       11         23                   34                 6 3          22


        Very effective   Effective   Somewhat effective      Not very effective    Not effective at all        Method not in use


 The methods most reported as effective against attrition are improving new hire training
 and nesting, increasing training and communications and implementing coaching
 programs.
Success Over the Long Haul

                         Rate Long-Term Effectiveness Against Attrition


                                                              10%
                                                       Lowered initially and
                         20%                             more since then.
                  Have not addressed.




                                                                               31%
                    13%                                                Lowered and stayed
               Unsuccessful in                                         at or near that level.
                  lowering.




                                        26%
                                 Lowered temporarily
                                    but has since
                                     increased.

 While 41 percent have had success lowering attrition and at least keeping it steady,
 39 percent have either been unsuccessful or were unable to sustain results.
Where would the savings go?


                     Applying Cost Savings From Lowering Attrition




               Apply towards the
                  bottom line
                     33%



                                                                Invest in highest
                                                                   stated goal
                                                                      49%




                      Invest in secondary
                             goal(s)
                              18%


   Most respondents would take costs saved from attrition reduction and apply
   towards their most important goal.
About Knowlagent

  Knowlagent has enabled
  companies around the world to
  manage call center agents for 13
  years.
    Hiring
    Training
    Communications
    Coaching


  Easy to use on-demand software
    No capital expenditures
    Deployable in 30 days
    Accessible via the Web
    Enabling more companies to optimize
    frontline performance faster and more
    affordably than ever before.


  For more info:
  kengle1@knowlagent.com

More Related Content

Similar to Impact of Employee Retention Survey

Assn Of School Board New Board Training
Assn Of School Board New Board TrainingAssn Of School Board New Board Training
Assn Of School Board New Board TrainingBrian_R_DuMond
 
IT In Search Of Integrated Service Management
IT In Search Of Integrated Service ManagementIT In Search Of Integrated Service Management
IT In Search Of Integrated Service ManagementFrontRange
 
The Impact of Lean on Consumer Product Manufacturers
The Impact of Lean on Consumer Product ManufacturersThe Impact of Lean on Consumer Product Manufacturers
The Impact of Lean on Consumer Product ManufacturersFindWhitePapers
 
Result romanian managers_of_multinational&national_companies
Result romanian managers_of_multinational&national_companiesResult romanian managers_of_multinational&national_companies
Result romanian managers_of_multinational&national_companiescristina_result
 
Result analyze on top middle_first mgmt
Result analyze on top middle_first mgmtResult analyze on top middle_first mgmt
Result analyze on top middle_first mgmtcristina_result
 
Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811Brian_R_DuMond
 
Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811ccasler
 
Linesmen Safety Culture Survey
Linesmen Safety Culture SurveyLinesmen Safety Culture Survey
Linesmen Safety Culture SurveyNDolphin
 
11479 Ponemon Report Egrc Ar
11479 Ponemon Report Egrc Ar11479 Ponemon Report Egrc Ar
11479 Ponemon Report Egrc Arbalejandre
 
IBM Cognos - Få kontroll med ett CFO Dashboard
IBM Cognos - Få kontroll med ett CFO DashboardIBM Cognos - Få kontroll med ett CFO Dashboard
IBM Cognos - Få kontroll med ett CFO DashboardIBM Sverige
 
Taking a Bite-Sized Approach to Marketing Automation
Taking a Bite-Sized Approach to Marketing AutomationTaking a Bite-Sized Approach to Marketing Automation
Taking a Bite-Sized Approach to Marketing AutomationG3 Communications
 
WHAT SETS THE BEST-IN-CLASS APART? 5 BEST PRACTICES IN PLANNING AND FORECASTING
WHAT SETS THE BEST-IN-CLASS APART?5 BEST PRACTICES IN PLANNING AND FORECASTING WHAT SETS THE BEST-IN-CLASS APART?5 BEST PRACTICES IN PLANNING AND FORECASTING
WHAT SETS THE BEST-IN-CLASS APART? 5 BEST PRACTICES IN PLANNING AND FORECASTING Nasreen Quibria
 
Analytics & MIS Planning for Your Internet Retail Store By Manish Chaturvedi
Analytics & MIS Planning for Your Internet Retail Store By Manish ChaturvediAnalytics & MIS Planning for Your Internet Retail Store By Manish Chaturvedi
Analytics & MIS Planning for Your Internet Retail Store By Manish Chaturvediiamwire
 
What's keeping reward professionals awake at night survey results
What's keeping reward professionals awake at night survey resultsWhat's keeping reward professionals awake at night survey results
What's keeping reward professionals awake at night survey resultsClaire Atherton
 
Collaborating for innovation 2010
Collaborating for innovation 2010Collaborating for innovation 2010
Collaborating for innovation 2010Koen Klokgieters
 
Rethinking profitable growth - the productivity imperative for foreign multin...
Rethinking profitable growth - the productivity imperative for foreign multin...Rethinking profitable growth - the productivity imperative for foreign multin...
Rethinking profitable growth - the productivity imperative for foreign multin...EY
 
B2B Social Media Marketing
B2B Social Media MarketingB2B Social Media Marketing
B2B Social Media MarketingAndrew Dalglish
 
Get To Know Your Ba
Get To Know Your BaGet To Know Your Ba
Get To Know Your BaJohny Bravo
 
Reference data2012 e-CRM survey
Reference data2012 e-CRM surveyReference data2012 e-CRM survey
Reference data2012 e-CRM surveyThe Reference
 

Similar to Impact of Employee Retention Survey (20)

Assn Of School Board New Board Training
Assn Of School Board New Board TrainingAssn Of School Board New Board Training
Assn Of School Board New Board Training
 
IT In Search Of Integrated Service Management
IT In Search Of Integrated Service ManagementIT In Search Of Integrated Service Management
IT In Search Of Integrated Service Management
 
India Channels Satisfaction- 2010
India Channels Satisfaction- 2010India Channels Satisfaction- 2010
India Channels Satisfaction- 2010
 
The Impact of Lean on Consumer Product Manufacturers
The Impact of Lean on Consumer Product ManufacturersThe Impact of Lean on Consumer Product Manufacturers
The Impact of Lean on Consumer Product Manufacturers
 
Result romanian managers_of_multinational&national_companies
Result romanian managers_of_multinational&national_companiesResult romanian managers_of_multinational&national_companies
Result romanian managers_of_multinational&national_companies
 
Result analyze on top middle_first mgmt
Result analyze on top middle_first mgmtResult analyze on top middle_first mgmt
Result analyze on top middle_first mgmt
 
Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811
 
Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811Fraud Risks In A Challenging Economy Dbb 072811
Fraud Risks In A Challenging Economy Dbb 072811
 
Linesmen Safety Culture Survey
Linesmen Safety Culture SurveyLinesmen Safety Culture Survey
Linesmen Safety Culture Survey
 
11479 Ponemon Report Egrc Ar
11479 Ponemon Report Egrc Ar11479 Ponemon Report Egrc Ar
11479 Ponemon Report Egrc Ar
 
IBM Cognos - Få kontroll med ett CFO Dashboard
IBM Cognos - Få kontroll med ett CFO DashboardIBM Cognos - Få kontroll med ett CFO Dashboard
IBM Cognos - Få kontroll med ett CFO Dashboard
 
Taking a Bite-Sized Approach to Marketing Automation
Taking a Bite-Sized Approach to Marketing AutomationTaking a Bite-Sized Approach to Marketing Automation
Taking a Bite-Sized Approach to Marketing Automation
 
WHAT SETS THE BEST-IN-CLASS APART? 5 BEST PRACTICES IN PLANNING AND FORECASTING
WHAT SETS THE BEST-IN-CLASS APART?5 BEST PRACTICES IN PLANNING AND FORECASTING WHAT SETS THE BEST-IN-CLASS APART?5 BEST PRACTICES IN PLANNING AND FORECASTING
WHAT SETS THE BEST-IN-CLASS APART? 5 BEST PRACTICES IN PLANNING AND FORECASTING
 
Analytics & MIS Planning for Your Internet Retail Store By Manish Chaturvedi
Analytics & MIS Planning for Your Internet Retail Store By Manish ChaturvediAnalytics & MIS Planning for Your Internet Retail Store By Manish Chaturvedi
Analytics & MIS Planning for Your Internet Retail Store By Manish Chaturvedi
 
What's keeping reward professionals awake at night survey results
What's keeping reward professionals awake at night survey resultsWhat's keeping reward professionals awake at night survey results
What's keeping reward professionals awake at night survey results
 
Collaborating for innovation 2010
Collaborating for innovation 2010Collaborating for innovation 2010
Collaborating for innovation 2010
 
Rethinking profitable growth - the productivity imperative for foreign multin...
Rethinking profitable growth - the productivity imperative for foreign multin...Rethinking profitable growth - the productivity imperative for foreign multin...
Rethinking profitable growth - the productivity imperative for foreign multin...
 
B2B Social Media Marketing
B2B Social Media MarketingB2B Social Media Marketing
B2B Social Media Marketing
 
Get To Know Your Ba
Get To Know Your BaGet To Know Your Ba
Get To Know Your Ba
 
Reference data2012 e-CRM survey
Reference data2012 e-CRM surveyReference data2012 e-CRM survey
Reference data2012 e-CRM survey
 

More from Knowlagent

Breaking Call Center Rules: Find Time to Wow Customers
Breaking Call Center Rules: Find Time to Wow CustomersBreaking Call Center Rules: Find Time to Wow Customers
Breaking Call Center Rules: Find Time to Wow CustomersKnowlagent
 
A Customer-Centric Approach to FCR
A Customer-Centric Approach to FCRA Customer-Centric Approach to FCR
A Customer-Centric Approach to FCRKnowlagent
 
At Home Agent Management Survey
At Home Agent Management SurveyAt Home Agent Management Survey
At Home Agent Management SurveyKnowlagent
 
The Post-Recession Call Center
The Post-Recession Call CenterThe Post-Recession Call Center
The Post-Recession Call CenterKnowlagent
 
Coaching Best Practices
Coaching Best PracticesCoaching Best Practices
Coaching Best PracticesKnowlagent
 
Annual Contact Center Expo
Annual Contact Center ExpoAnnual Contact Center Expo
Annual Contact Center ExpoKnowlagent
 
Coachpalooza Summary Report
Coachpalooza Summary ReportCoachpalooza Summary Report
Coachpalooza Summary ReportKnowlagent
 

More from Knowlagent (7)

Breaking Call Center Rules: Find Time to Wow Customers
Breaking Call Center Rules: Find Time to Wow CustomersBreaking Call Center Rules: Find Time to Wow Customers
Breaking Call Center Rules: Find Time to Wow Customers
 
A Customer-Centric Approach to FCR
A Customer-Centric Approach to FCRA Customer-Centric Approach to FCR
A Customer-Centric Approach to FCR
 
At Home Agent Management Survey
At Home Agent Management SurveyAt Home Agent Management Survey
At Home Agent Management Survey
 
The Post-Recession Call Center
The Post-Recession Call CenterThe Post-Recession Call Center
The Post-Recession Call Center
 
Coaching Best Practices
Coaching Best PracticesCoaching Best Practices
Coaching Best Practices
 
Annual Contact Center Expo
Annual Contact Center ExpoAnnual Contact Center Expo
Annual Contact Center Expo
 
Coachpalooza Summary Report
Coachpalooza Summary ReportCoachpalooza Summary Report
Coachpalooza Summary Report
 

Recently uploaded

Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesDoe Paoro
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxRakhi Bazaar
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers referencessuser2c065e
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryEffective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryWhittensFineJewelry1
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerAggregage
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfJamesConcepcion7
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxShruti Mittal
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 

Recently uploaded (20)

Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic Experiences
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers reference
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryEffective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon Harmer
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdf
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptx
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 

Impact of Employee Retention Survey

  • 1. Impact of Attrition Benchmark Study Results from August 2007 Survey
  • 2. Impact of Attrition Survey Request sent to Knowlagent internal database via email Title Breakdown 251 responses Unknown 3% Other 19% Manager 38% Number of Agents VP 17.2% 18% More than 1000 33.3% Less than 100 Director 22% 11.7% 501-1000 10.6% 301-500 27.2% 101-300
  • 3. Organizational Goals Please select the category that most closely matches that of the most important goals in your call center. Revenue/Sales related 15.6% Customer satisfaction related 68% of goals are 40.2% Customer loyalty related 4.5% customer satisfaction, loyalty or experience- Quality related 8.6% related. Cost related 3.3% Customer experience related 22.1% Net promoter related 0.8% Other (please specify) 4.9% Organization's Success Towards Most Important Goal Did not meet goal 39% of respondents 4% were partially or Exceeded the goal completely 25% unsuccessful against Partially met the goal their highest stated 35% goal. Met the goal 36%
  • 4. Ranking Challenges to Goal Achievement What are the key obstacles to achieving the goal? (all that apply) Other 14.3% Agents not the right personality fit 29.5% Agents without right skills and knowledge 41.0% Agent attrition 52.5% Organizational alignment 21.7% Other goal(s) in conflict 23.8% Not enough resources 37.7% Not enough budget 19.3% Attrition ranks the highest. Other issues addressable via hiring processes also stand out – personality and skill mismatches.
  • 5. Impact of Attrition Impact of Attrition on Achieving Goals Doesn’t affect success at all 2% Major reason for lack of success Has little effect on 15% success 13% Gets in the way of success 70% Attrition significantly impacts success at 85% of companies.
  • 6. Attrition Across the Agent Lifecycle 17 15 17 13 22 29 4 6 8 16 9 5 13 12 8 3 Do not track 5 14 3 17 12 >50% 19 20 31-50% 19 20 20 21-30% 18 27 11-20% 19 0-10% 21 41 36 29 26 24 13 New hire Less than 90 90 days to 1 1-3 years More than 3 Overall training days on the year years attrition floor When reporting on attrition at different stages, respondents typically reported lower numbers than what would be expected when reviewing the overall attrition percentages.
  • 7. Why does attrition occur? Rank order the top 3 reasons for attrition. The agent has a poor relationship with the supervisor Other The agent does not have a clear career path for advancement Number 1 The agent does not have the right knowledge Number 2 and skills to perform the job Number 3 The agent isn’t a good personality fit for the job The job is not what the agent expected The agent leaves to make more money 0 5 10 15 20 25 30 35 40 While increasing salary is selected most often as the cause of attrition, the most highly ranked reason is related to unclear job expectations. When Number 1 and Number 2 rankings are combined, increased salary, unclear expectations and personality fit appear to be equal contributors to attrition.
  • 8. Battling Attrition Rating Method Effectiveness Against Attrition Increasing salaries 13 21 35 13 2 16 Focusing on career growth opportunities 12 30 34 13 1 11 Improving/Creating mentoring programs 11 36 27 7 1 19 Implementing supervisor-agent coaching programs for 19 40 26 7 8 existing agents Increasing training and communications to existing agents 19 40 29 7 15 Improving new hire training and nesting 17 50 22 5 7 Using assessment tools for hiring 11 23 34 6 3 22 Very effective Effective Somewhat effective Not very effective Not effective at all Method not in use The methods most reported as effective against attrition are improving new hire training and nesting, increasing training and communications and implementing coaching programs.
  • 9. Success Over the Long Haul Rate Long-Term Effectiveness Against Attrition 10% Lowered initially and 20% more since then. Have not addressed. 31% 13% Lowered and stayed Unsuccessful in at or near that level. lowering. 26% Lowered temporarily but has since increased. While 41 percent have had success lowering attrition and at least keeping it steady, 39 percent have either been unsuccessful or were unable to sustain results.
  • 10. Where would the savings go? Applying Cost Savings From Lowering Attrition Apply towards the bottom line 33% Invest in highest stated goal 49% Invest in secondary goal(s) 18% Most respondents would take costs saved from attrition reduction and apply towards their most important goal.
  • 11. About Knowlagent Knowlagent has enabled companies around the world to manage call center agents for 13 years. Hiring Training Communications Coaching Easy to use on-demand software No capital expenditures Deployable in 30 days Accessible via the Web Enabling more companies to optimize frontline performance faster and more affordably than ever before. For more info: kengle1@knowlagent.com