High rates of staff turnover could cost call centres £2 billion in the next year Related Articles Are Low Wages the Only Reason for High Attrition Rates? Turnover or Turnaround? Ten Tips to Help Retain your Staff What Is Working in a Call Centre Really Like? Tackling staff turnover: what the experts recommend 5,905 Filed under - Archived Content Research suggests that over a third of all workers aim to leave their current employment once the recession has subsided and the job market has been re-ignited. For call centres, which employ around three per cent of the UK workforce, this could leave an unwieldy bill upwards of £1.89billion to foot over the next year. Call centres in particular, are noted by the CIPD as among the industry sectors with the highest levels of staff turnover. With the average cost for replacing staff estimated by the CIPD at £6,125, rising to £9,000 for senior managers, call centre managers should pre-empt any threat of an employee exodus by looking after their valued staff now. They say that prevention is better than the cure so installing engaging total rewards solutions that offer employees aspirational incentives for achieving long-term goals could well prove to be the best strategy. While a cautious approach to rewards and recognition has been necessary over the last year, from both a financial and a PR perspective, now is the time to begin re-introducing appropriate performance incentives. It is an investment where the overall cost will quite easily be less than the financial investment. John Sylvester While the recession has presented a distinct set of challenges for HR and marketing departments aiming to engage staff towards working their way out of these difficult times, it is important to expect a shift in objectives over the coming year as the economy stabilises and workers build confidence about their prospects of alternative employment. The answer is to create an employee engagement culture that can become the cause of envy. With this, top performers will recognise that they are already in the best place and will not be so easily tempted away by competitive offers. Otherwise, failing to confront employee retention issues now could prove very costly indeed. John Sylvester is Executive Director at P&MM Motivation Author: Jo Robinson Published On: 24th Nov 2010 - Last modified: 18th Mar 2024 Read more about - Archived Content Recommended Articles Are Low Wages the Only Reason for High Attrition Rates? Turnover or Turnaround? Ten Tips to Help Retain your Staff What Is Working in a Call Centre Really Like? Tackling staff turnover: what the experts recommend 1 Comment “The answer is to create an employee engagement culture that can become the cause of envy.” Exactly right. Sadly, however, all of things that you describe here as possible solutions are nothing but superficial, pseudo-employee-centric, business speak — good employees (the ones you really need) will increasingly see through these thinly veiled, empty gestures, resulting in your best members of staff feeling exploited, rather than valued. Using the term “valued staff,” doesn’t make it true, and doesn’t make them feel valued — you have to PROVE it. You need an overhaul. There isn’t an easy way. Andy 25 Nov at 17:54 Contact Centre Reports, Surveys and White Papers Get the latest exciting call centre reports, specialist whitepapers and interesting case-studies. Choose the content that you want to receive. Contact Centre Reports, Surveys and White Papers Invites to exclusive Webinars & Events Weekly Newsletter