CallMiner Product Innovation Series: Q4 2024
CallMiner's, Bruce McMahon, shares key product updates from Q4 2024. New AI capabilities, including CallMiner AI Assist, add to the long list of AI ad...
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The Team at CallMiner
July 17, 2024
Employee engagement is critical to success, particularly in customer service sectors. Unfortunately, a recent Gallup poll indicates only 33% of employees are engaged at work, with a lack of clarity in expectations being a significant factor. This disengagement is especially prevalent in customer service roles, leading to high attrition rates and decreased effectiveness.
Customer service teams face increasing complexities as simple issues are often resolved through digital self-service channels, leaving only the most challenging problems for human agents. This complexity, coupled with high attrition rates averaging around 40% in contact centers, creates a costly and disruptive environment. One of the primary reasons for this attrition is the lack of data-driven feedback and career development opportunities for frontline agents.
Implementing AI-driven feedback and real-time coaching can significantly enhance the performance and job satisfaction of customer support agents. Real-time guidance and feedback, delivered during customer interactions, helps agents navigate challenging situations, prevent escalations, and adhere to compliance requirements. This approach not only improves customer experience (CX) but also boosts employee satisfaction and retention.
According to CallMiner’s CX Landscape Report, less than half of organizations currently implement real-time coaching for their contact center agents. Real-time prompts can assist agents in chat and voice-based conversations, providing immediate guidance on preventing escalations, increasing first-call resolutions, and avoiding compliance errors. AI-enabled real-time interventions, provided through conversation intelligence systems, can identify at-risk customers, suggest proactive steps to retain them, and de-escalate emerging issues by providing next-best actions or elevating the situation to a supervisor.
For instance, Foundever, in collaboration with CallMiner, implemented a real-time analytics program for a major U.S. telecom provider. This program provided real-time guidance for agents, significantly improving collections outcomes by increasing dollars collected per productive hour, average balance collected, and same-day payment rates.
A one-size-fits-all approach to coaching is outdated. Personalized coaching, based on real customer interactions, can help agents develop their skills and advance in their careers. AI-driven conversation intelligence aggregates insights from interactions, identifying effective behaviors and areas needing improvement. This tailored feedback helps align agent performance with quality assurance (QA) goals and contact center KPIs, creating a persistent culture of improvement.
In addition, AI-driven emotional analysis can help organizations understand customer emotions and coach agents to respond accordingly. By providing agents with tools to address customer needs empathetically, organizations can improve CX and identify patterns in agent performance that highlight the need for skills like empathy and politeness.
Embracing AI-powered feedback and real-time guidance is crucial for improving agent experience and performance in contact centers. By providing personalized coaching, leveraging AI for real-time feedback, and fostering a culture of empathy, organizations can enhance both employee engagement and customer satisfaction. This approach not only reduces attrition and training costs but also drives better CX outcomes, leading to lasting business success.
CallMiner is the global leader in conversation analytics to drive business performance improvement. Powered by artificial intelligence and machine learning, CallMiner delivers the industry’s most comprehensive platform to analyze omnichannel customer interactions at scale, allowing organizations to interpret sentiment and identify patterns to reveal deep understanding from every conversation. By connecting the dots between insights and action, CallMiner enables companies to identify areas of opportunity to drive business improvement, growth and transformational change more effectively than ever before. CallMiner is trusted by the world’s leading organizations across retail, financial services, healthcare and insurance, travel and hospitality, and more.