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Software Return On Investment

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To ensure that you get a good return on your investment, it's important to choose carefully. A lot of money spent on the wrong type of team event will be a waste and equally not enough money spent may also prove pointless.



So how do you go about deciding which is the right form for your company? Firstly decide what your objectives are. Ultimately your objectives will normally include increased profitability for your company and the link between bottom line profit margins and team building may seem initially a little vague but there is a strong link between the two.

The second question has to be what is stopping you from achieving increased profitability? It could be that everyone seems happy enough, that there is no immediate issue that you can pinpoint. It may be that you have a high turnover of staff, poor communication or low morale. This is when a tangible link between increased profitability and team building can be seen.

By selecting the right team building activity to address the issue that is stopping you from achieving increased profitability, you can see a direct return on investment. It may not be instantly obvious to you which type of team activity will address your issues, 's when talking to a professional and experienced team building company is essential.

It's then that you can outline your teams backgrounds, your objectives and what budget you have to work towards. It's then that the team building company can suggest effective and productive team building solutions for your company.

Effective team building doesn't have to be all about building a raft and getting across water, of course it can be if you'd like but as our business environment has become more sophisticated then so has team building solutions.

You have to capture their imagination, you have to engage them, to entertain them and to motivate them, make them feel that the event you have organised is worth them missing office time for and to do that you have to offer them an experience with a difference.

Team activities with a difference can span a huge range from cost effective options to top end, money's no object budgets. To the majority of clients, a budget has to be stuck to, so you need to have an activity that is tailored towards your team, a little company personalisation will go a long way into reinforcing your group that you have arranged this event for them, they will feel valued and part of a caring team.

It's also vital that you include everyone, you are always going to get people on holiday or simply can't make it but do your research and pick an optimum time to suit everyone. It should go without saying but a good team is lead from the top and so therefore it makes sense to have your key members of management present.

All too often senior managers will be busy working rather than concentrating on their most important asset - their team!

So does team building offer a good return on investment? If you follow our advice, this could give you the best return on investment that you've ever seen!
Software Return On Investment
The Return on Investment factors from implementing call center deflection coupled with Knowledge-Centered Support (KCS) principals can be separated into hard and soft savings. Hard savings include increased capacity without the need for additional headcount, increased call deflection, and decreased time to train a new agent. Soft savings are extremely valuable but are more difficult to measure. These include increased customer satisfaction, lower employee attrition rates and improved agent morale. This article will focus on call deflection.

Call Center Deflection

Call deflection occurs when a customer is able to self-solve their support question on a website. The numbers of call deflections can be multiplied by the cost per support call, e.g., $15 -$40 per call loaded cost. A world-class call deflection rate would be 70% - 80% with 30% - 50% being the norm. According to Gartner Inc., Pitney Bowes achieved a 78% call deflection rate in 2006 utilizing search and call deflection technologies implemented by InQuira.

ATG, a KCS verified solution provider says, "An effective Web self-service interaction can be 10 to 20 times less costly than the most efficient agent-enabled phone call. But to reap these savings, your online self-service needs to be more than a FAQ listing or search tool. You need to deliver a service experience that is tailored for your customers as individuals, understands their intent, meets their expectations, and resolves their problems thoroughly and quickly."

To be successful, call deflection has to be part of a larger knowledge base strategy. The knowledge must be available and searchable in the customer's own words. Recording support tickets in the customer's own words is a key tenet of KCS. In the past a call agent listened to the customer's issue and then recorded it in a technical description. A customer would call in and describe the issue as, "My network card is flaky and does not seem to be working." The agent would record, "NIC failure." This terminology can work fine between support agents but will fail miserably for call deflection. The Search engine must be able to locate a solution based on the customer's input on the website.

As self-service becomes available, it is not uncommon to see an increase in the number of customers seeking support. These are customers that have issues but have been reluctant to deal with support on a phone call. The Consortium for Service Innovation cites HP Invent as a success story for both KCS and call deflection. HP Invent achieved an 80% self-service success. Within a 12 month period they experienced a 4x increase in customer logins with a 7x increase in customer-solved cases.

To maximize ROI, content gaps need to be identified on a continuous basis. This is done using Analytics reports. These reports will identify the search strings where the system could not find an answer or returned a poor match. Leading solution providers such as ATG, InQuira, Knova and Talisma provide extensive reporting options. These include reports such as: Top 100 Questions, Questions with Negative Customer Feedback, Failed Questions and Questions by Product Line. Spending time with these reports will identify trends in customer searches. For example, a Hot Questions report will identify increases month over month for certain question categories. Effort can then be made to increase the solution sets for these areas. This ongoing "tuning" of the system will have significant payback in improved call deflection numbers and customer satisfaction rate.

Depending on call volume, even a 20% call deflection rate can create significant ROI for a support organization. In order to keep customers coming back to your website, focus should be placed on creating a minimum self-solve rate of 50%. Like any Enterprise software project, call deflection requires substantial effort. However, Stone Cobra has found strategic call deflection efforts that can return a positive ROI in as few as 3 months.

KCS is a registered service mark of the Consortium for Service Innovation
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About Author
Both Shaun Parker & Randy Ross are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Shaun Parker has sinced written about articles on various topics from Online Marketing, Auto Insurance and Wedding Bells. Shaun Parker has been at the forefront of the corporate events industry bringing the latest in team building and conference events to the public. For more i. Shaun Parker's top article generates over 246000 views. Bookmark Shaun Parker to your Favourites.

Randy Ross has sinced written about articles on various topics from Team Building. Randy Ross is a Senior Implementation Manager and Process Analyst at Stone Cobra located in Rocklin, California. For further information on KCS, please visit kcs.stonecobra.co. Randy Ross's top article generates over 1000 views. Bookmark Randy Ross to your Favourites.
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