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What Are Performance Measures

    View: 
5 Basic Performance Measures



Measure #1 is customer satisfaction

This first is probably the most important of the 5 basic measures. It's the only measure that will connect you with the relevance of the work you're doing. If customers aren't happy, then everyone is wasting at least a portion of their time. Measure how your customer judges the outcome of your product or service, through surveys or at the end of each transaction with the customer. You can ask them directly, give them a survey form, or send them to a website form.

If you also collect data about what aspects of your product or service are most important to customers, it will give you clues about more specific things that might be important to measure also e.g. easy access to support staff or accuracy of bills.

Measure #2 is product/service defects

Defects is a measure of quality, and a translation of what the customer expects your product or service to do, into something you can count to assess how often the product or service actually does what is expected.

Your customer satisfaction measure is a companion to this one. And the extra data collected about what is most important to customers about your product or service will help you define what constitutes a defect (e.g. something breaks, something doesn't operate correctly, a delivery deadline was missed, an invoice has errors).

Measure #3 is cycle time

The time it takes to produce or deliver your product or service for your customer is a surprisingly useful thing to measure. It's not just about meeting the time commitments you made to your customer. It's just as importantly about focusing everyone on the things that make the cycle time what it is. And this is usually dead time between hand-offs in the process, waste and rework due to errors or lax standards, and even things that didn't need to be done at all. An alternative or companion measure to cycle time might be on time delivery, which links it more to the customer's experience. Just remember the value of measuring cycle time for internal benefit too.

Measure #4 is productivity

Productivity is a measure of your process efficiency, and is essentially the rate at which you can produce outputs, relative to the input it takes to do so. A great measure to focus you on eliminating waste and rework in delivering your products and services to your customers. For example, one way to think about productivity is to compare how much you're producing relative the time it takes, such as number of work hours. Another way to think about productivity is about quantity versus cost - how much are you producing, relative to what it costs in resources and labor.

Measure #5 is innovation (or improvement) ideas

Even if you're not ready to call it innovation (call it improvement instead), this fifth basic measure is about stimulating one of the behaviors that support a performance culture, namely making active suggestions about how to improve performance.

Particularly when the first 4 basic measures are shared and discussed among the team, actively measuring something as simple as the number of improvement ideas suggested, or the number of targeted improvements tested or implemented, encourages everyone to deepen their understanding about performance, and how they can influence it.

The 5 basic measures are a springboard, not a solution

Remember; don't try to get it perfect before you begin measuring anything. It's not until you start using measures that you discover new questions and clearer information needs. Use these five basic measures as a springboard to get used to measuring and through their use, get closer to understanding what you really do need to measure.

Source:

http://www.spec-india.com
What Are Performance Measures
In the recent time, call centers are always keep on improving the quality of services through quality evaluation of the their calling agents, live call monitoring, daily agent feedback and training programs, and enhanced reporting capabilities. However, It's very important to rethink about what performance measurements are important to keep track, running call center operations. Are the measures of performance that served you well in the call center the same ones that will determine how well the multichannel contact center is working?

Here are numerous control variables are used to measure the performance of any call center. A description of the Key Performance Indicators that are most used to determine 'how quickly', 'how well', ?how efficient? and ?how effective? customer contacts are handled.

Four categories of Key Performance Indicators

Most common performance indicators for contact centers are described that can be classified into four categories, namely 'Service' (how fast), the 'Quality' (how good), the 'Efficiency' (how efficient) and the 'Profitability' (how effective) measure.

Service (how fast):-

* Blocking: An accessibility measure, blockage means what percentage of customers will not manage to access the center at a given time due to insufficient network facilities in place.

* Abandon rate: Call centers measure the number of abandons as well as the abandon rate, since both correlate with retention and revenue.

* Self-service availability: In the contact centers, self-service usage is an important measure of accessibility and is typically measured as an overall number, by self-service methodology and menu points, and by time of day or demographic group. In cases of Web chat, automated alternatives such as FAQs or use of help functions can reduce the requirement for the live interaction with a Web chat agent.

* Service level and average speed of answer: The percentage of calls answered in a defined wait threshold, is the most common speed-of-answer measure in the call centers.

* Longest waiting: Another speed-of-answer measure is how long the oldest call in queue has been waiting. Many centers use real-time longest delay in queue to indicate when more staff need to be made immediately available.

Quality (how good):

* First call resolution: The percentage of transactions completed within a single contact, often called the ?one and done? ratio, is a crucial measure of quality.

* Transfer rate: The transfer percentage is an indication of what portion of contacts has to be transferred to another person or place to be handled.

* Courtesy: Monitors the quality of communications for each channel of interest. One of the critical factors that affect the caller's perception of how well a call was handled is simple courtesy.

* Monitoring of procedures: Adherence to procedures such as work flow processes or call scripts is another essential element of quality. This is particularly important to perceived quality in terms of the customer receiving a consistent interaction regardless of the contact channel or the individual agent involved in the contact.

Efficiency (how effective)

* Agent Occupancy: Agent occupancy is the measure of actual time busy on customer contacts compared to available or idle time, calculated by dividing workload hours by staff hours.

* Staff Shrinkage: Staff shrinkage is defined as the percentage of time that employees are not available to handle calls.

* Schedule Efficiency: Workforce management is all about getting the ?just right? number of people in place each period of the day to handle customer contacts. Schedule efficiency measures the degree of overstaffing and understaffing that exist as a result of scheduling design.

* Schedule Adherence: Schedule adherence measures the degree to which the specific hours scheduled are actually worked by the agents.

* Average Handle Time/After Call Work: A common measure of contact handling is the average handle time, made up of talk time plus after-call work

* System Availability: When response time from the computer system is slow, it can add seconds or minutes to the handle time of a transaction.

Profitability (how effective)

* Conversion Ratio: The conversion rate refers to the percentage of transactions in which a sales opportunity is translated into an actual sale.

* Upsell /cross Sell Ratio: The up-sell rate or cross-sell rate is measured by many organizations as a success rate at generating revenue over and above the original order or intention of the call

* Cost Per Contact: A common measure of operational efficiency is cost per call or cost per minute to handle the call workload, both in a simple call center as well as in a multichannel contact environment.
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About Author
Both Spec India & Mr. James Mcguire 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.

Spec India has sinced written about articles on various topics from Marketing. SPEC INDIA has developed its own framework for execution of &. Spec India's top article generates over 590 views. to your Favourites.

Mr. James Mcguire has sinced written about articles on various topics from Customer Service, Guide Guitar and Marketing. James Mcguire is associated with CCI from many years. Call Centers India (CCI) is a CISCO based company with over 10 years of combined call centers experience and providing. Mr. James Mcguire's top article generates over 8100 views. to your Favourites.
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