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Knowlagent Released Survey Dedicated to Understanding Contact Center Shrinkage - An industry first report by Knowlagent provides insight into shrinkage activities
Knowlagent Released Survey Dedicated to Understanding Contact Center Shrinkage

 

PRZOOM - /newswire/ - Alpharetta, GA, United States, 2011/01/04 - An industry first report by Knowlagent provides insight into shrinkage activities.

   
 
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Knowlagent, a leading agent productivity solution for the world’s 10 million call center agents, today announced findings from the Contact Center Shrinkage Survey - a first of its kind for the call center industry.

Shrinkage is commonly understood to be any part of an agent’s time that is consumed by activities other than customer interactions and an unavoidable operational cost for the industry.

According to the survey, shrinkage can take up a considerable amount of an agent’s work day - as much as 30 percent of an agent’s time can be spent on off-phone activities. A distinct difference between types of shrinkage is noted in the survey. Primary loss accounts for 54 percent of shrinkage – this relates to activities falling outside of call center management’s control – i.e. tardiness, lunch or absenteeism. And secondary loss is attributed to activities that can be managed – i.e. training, social learning or project work. Secondary loss constitutes 46 percent of shrinkage and, overall, 12 percent of an agent’s day.

The Contact Center Shrinkage Survey breaks down shrinkage by activity, industry, call center size, channels supported and contacts handled. Findings include:

• Activity – Of the secondary loss category – shrinkage is largely allotted to training and coaching tasks;
• Industry – Outsourcers report the lowest percentage of time in shrinkage;
• Size – The largest and smallest centers surveyed reported the least shrinkage;
• Channels – A growth in support of social media, chat and text is trending for larger organizations;
• Contacts handled – Collections has the highest percentage of shrinkage – 26 percent;
• Improvement – The vast majority would be happy with shrinkage improvement between 1 and 10 percent.

"Knowlagent conducted this survey to provide executives with a benchmark for understanding how shrinkage impacts their contact centers," said Matt McConnell, Knowlagent CEO. “It is a significant cost that is often just accepted as a part of doing business. We wanted to discover where the improvement opportunities are to better serve our customers.”

About Knowlagent
Knowlagent (knowlagent.com) provides the only call center software that increases agent utilization by delivering shrinkage activities during idle time. Knowlagent creates active wait time through dynamically delivered sessions for common shrinkage activities between customer interactions. Knowlagent’s solutions are on-demand, easy to use and require no capital expenditures. Over 200,000 agents and managers around the world use Knowlagent’s solutions every day.

 
 
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Agency / Source: Knowlagent, Inc.

 
 

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Knowlagent Released Survey Dedicated to Understanding Contact Center Shrinkage

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Contact: Lee Anne Wimberly - Knowlagent.com 
888-566-9457 mspies[.]knowlagent.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Knowlagent, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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