What is Abandon?
In contact centers, abandon refers to contacts that are ended by the initiating customer before they reach an agent. A typical scenario is a customer that makes an inbound call, gets tired of waiting in the queue, and hangs up before an agent can answer. Abandoned calls can also happen in the IVR and customers trying to chat can also abandon the chat session. With many dialer solutions, contact centers can also experience abandoned calls on outbound calling campaigns when the dialer reaches a customer but no agent is available to speak with him.
Abandon rate is a core metric contact centers actively monitor. It's calculated by dividing all contacts abandoned by all contacts offered, and then multiplying the result by 100. Abandon rate is directly correlated with another key contact center KPI - wait time, or queue time. When wait times increases, so does the abandon rate. Businesses should be concerned by high abandon rates (anything over ~3%) for a couple of significant reasons. First, every abandoned contact represents a missed opportunity to make a sale or strengthen customer engagement. Additionally, high abandon rates likely mean that customer satisfaction is taking a hit.
Workforce managers and other operational leaders keep a close eye on abandon rates throughout the day and make intraday adjustments to try to correct higher than average abandon rates. The most effective tool they can use to address bad abandon rates is to put more agents on whatever channel is losing contacts. Abandon rates can also be analyzed after the fact to pinpoint problem areas. For example, looking at abandon rates by time of day may unearth certain times when there are consistently not enough agents scheduled. Contact centers with IVRs should also regularly review abandon rates within the IVR to make sure there isn't something about the IVR that's making callers abandon at high rates.
Contact centers are typically willing to accept a certain level of abandoned contacts - it's a byproduct of trying to satisfy customers while also tightly managing labor costs. But when abandon rates begin to degrade the customer experience, action must be taken.
How NICE can help
NICE CXone is the market leading call center software in use by thousands of customers of all sizes around the world to help them consistently deliver exceptional customer experiences. Our intuitive reporting solutions provide the information operations leaders need to monitor and analyze abandon rates. CXone is a cloud native, unified suite of applications designed to help a company holistically run its call (or contact) center operations. CXone includes:
Omnichannel Routing – routing and interaction management that empowers agents to positively and productively interact with customers in digital and voice channels. These solutions include an automatic call distributor (ACD), interactive voice response (IVR), interaction channel support and proactive outbound dialer.
Workforce Optimization – unlocks the potential of your team by inspiring employees' self-improvement, amplifying quality management efforts to enhance customer experience and reducing labor waste. These solutions include workforce management (WFM), quality management (QM), recording, and performance management (PM).
Analytics – turns insights into results by making data relevant, easy to consume and actionable to drive measurable improvements and understand the omnichannel experience customers receive. These solutions include interaction analytics, customer surveys, reporting and performance management.
CXone also includes pre-defined CRM integrations and UCaaS integrations with most leading solutions on the market. These integrations provide a holistic call center software solution capable of elevating customer experiences for companies of all sizes.