5 key self-service metrics to watch for reducing costs

By João Safara
0 min read

Customer experience (CX) has changed immensely over the years and even in the last few months. With the proliferation of digital channels, customers are now looking for a more personalized, timely and efficient service.
For many organizations, this includes the deployment of self-service technologies. Customers are now looking to solve issues on their own terms, using their channel of choice and spending as little time as possible.
Delivering a superior CX is solid ground for improving customer loyalty, retention and consequently boosting profits. According to Harvard Business School, increasing customer retention rates by 5% increases profits by 25% to 95%.
If you’re worried about retaining your customers while maintaining a cost-efficient strategy for your business during these uncertain times, here are five self-service metrics you should be tracking in your contact center.
Call deflection rate
Deflecting calls means customers are given the channel that best suits their needs, whether it be FAQs, live chats or community forums. This provides a more personalized experience and avoids a high volume of calls needing to be handled by live agents.
Call deflection rate metric can be tricky, as it tells you that a call has been deflected but fails to provide the full picture of how the customer issue was resolved. However, the call deflection rate can give you a general idea of whether your self-service channels are being put to good use while relieving some of the stress and workload of your customer service representatives.
Call volume
Following the previous metric, this one doesn’t entirely provide a holistic view of channel performance but can provide meaningful insights. Call volume tells you the number of calls your agents are handling, which means customers couldn’t solve their issues through alternative channels. If your call volume is high, you should look at why and how your self-service options are underperforming. This will help you understand what you can do to take some weight off your agents’ shoulders.

7 Cost-Saving Ideas for Your Call Center
Download this checklist for seven cost-saving ideas that will help you:
- Put your current tech and staff spendings into perspective
- Deploy smart cost-cutting tools and strategies in the contact center
- Deliver great CX, no matter how tight financial constraints may be.