Reducing Call Center Agent Churn With Predictive Analytics
Organizations that have many employees that are in high turnover positions such as call centers, sales teams, or temporary agencies. All of these roles could benefit from building models to determine why employees are leaving.
Predicting employee churn using data mining and analytics can help to reduce and retain top talent. The impact of churn can be in both time and money. Time to train new hires and get them up to speed on your systems and processes. Monetary cost associated with posting for new roles, paying 3rd party agencies, paying overtime to the remaining staff and investing in employees only to have them leave within six months to a year.
According to Quality Assurance & Training Connection, the standard turnover rate for the call center industry is between 30 to 45%. In the article, Exploring Call Center Turnover Numbers they indicate that the average cost to replace a frontline … Read more