Enhancing Employee Experience with AI: a "Bogo" strategy?
Overview
This 4th-in-the-series edition explores how AI can enhance the contact center Employee Experience (EX), specifically for agents, supervisors, and quality managers. Historically, significant attention has been placed on Customer Experience (CX) metrics; however, the flip side of the coin must acknowledge the impact on the Agent Experience. Indeed, high-performing and engaged Agents have a significant and "BOGO" benefit to the Customer Experience. How much, and why? Read on...
#AI #ROI #CX #EX #Forrester
To kick this off, we reference a Forrester Consulting study that affirmed what we all might expect but didn't know: how much improvements in EX can benefit CX.
Good employee experience drives bottom-line growth, as happy employees create exceptional customer experiences. And in turn, companies are able to more effectively retain and grow their customers. This fact is further underscored in a Forrester report which notes that a 5% improvement in employee engagement leads to a 3% increase in bottom-line revenue. (“Invest In Employee Experience (EX), Drive Your Bottom Line Growth,” A Forrester Consulting Thought Leadership Paper, October 2020)
Contact Center Experience: A day in the life of an agent...
For anyone who has worked in a contact center as an agent, supervisor, and/or manager, you'll understand and appreciate the daily grind that representatives experience, taking call after call from customers, patients, and members who require assistance, don’t always exhibit the best manners, and frankly, can sometimes be disrespectful and rude.
Assessing the individual and cumulative effect of these calls on agents--and intervening when necessary--is the responsibility of team leads, supervisors, and quality managers. However, let’s consider the following challenges in getting a full picture of the impact:
Implementing Emotion and Conversation AI for EX: a solution overview
The growing importance of AI in the contact center industry has the opportunity to improve agent experience, efficiency, and effectiveness. Specifically, Emotion AI solutions such as offered by companies such as Cogito, Cresta, and Observe.ai assess and provide either real-time and/or post-call guidance in the areas of speaking behavior, including attributes of the agent's pace, energy, and empathy. Improving these behaviors has been shown to beneficially impact KPIs such as Call Quality, Efficiency (Average Handle Time), and Sales.
In a complementary fashion, Conversational AI solutions offer contextual guidance, providing quick access to reference materials, training, and knowledge-base articles. According to the recent market analysis report, Forrester Wave™: Conversation Intelligence For Customer Service, Q3 2023, the following vendors are noted as leading in this market sector:
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The EX Impact and BOGO Value … a chain of benefits
Here's where the BOGO (buy-one-get-one) benefit begins to materialize. These listed AI solutions have a direct bearing beyond the first-order Agent and Customer Experience metrics. Agents who perform better, feel better about their job, and with this boost in morale, they are more likely to stay with the company. Following the value chain, in so doing, valuable secondary benefits emerge; for example, satisfied agents recommend to friends and family to consider working there too, helping with recruiting. Furthermore, with an increase in average tenure, business performance metrics improve--there’s the real value. In turn, supervisors and HR managers are able to more effectively coach, and agents are more receptive to that coaching given that a larger, more representative call sample size is used, creating a more positive feedback loop.
Ultimately, improved agent retention reduces the cost of attrition, which is manifested in a lower cost of recruiting, onboarding, and training. Enterprises typically report the cost of hiring and training a new agent to be in the range of $10,000 to $14,000. Beyond cost of hiring though, the bigger benefit of improved retention relates to the opportunity cost associated with lower performance of a new agent vis-a-vis more tenured agents: longer call times with lower CSAT and call resolution is where the real cost lies!
The combination of Emotion AI, Conversation AI, and Generative AI can reduce or eliminate tedious tasks, accelerate time-to-proficiency, and independently alert supervisors, all helping to reduce agent burnout and resulting attrition. In this way, AI has transformative potential for improving employee experience. AI's ability to provide real-time guidance and assistance makes agents more confident and effective, spilling over to enhancing the customer experience.
The Irony…Human-AI Collaboration
Some Practical Tips: Agent Feedback, Enablement, and Engagement
Conclusion
By investing in improving the employee experience via real-time and post-call coaching, implementing AI solutions leads to happier, more productive agents who in turn will more confidently interact with callers and improve the customer experience. Once an AI solution has been deployed for use by agents, continue to capture metrics around employee satisfaction and engagement. Leverage the data resulting from the AI solution to assess the impact to KPIs and ROI, but also be sure to conduct live and/or written feedback workshops—again affirming the objective of helping agents during the course of their seemingly endless days.
Your agents...and your customers...will thank you!
Feedback and comments are welcomed…
Helping enterprises optimize their IT software and services.
1yVery useful Brian. Thanks for sharing your years of experience building business cases for leveraging technology in contact centers.
Passionate about addressing social health because no one gets better alone.
1yThanks for the specific BOGO examples with the dollar implications Brian Eastley.
Marketing Manager | AI | B2B SaaS
1yI second what Mark said, Brian - nice job on this series!