This document summarizes the effect of implementing a contribution linked pay (CLP) policy at a call center department in a bank in Vietnam. The CLP policy provides additional pay for agents who exceed performance targets by answering more calls and solving calls quickly. This policy change significantly improved agent productivity by encouraging them to minimize break times and focus on fast call resolution. The CLP policy accurately reflects individual employee contributions and promotes a high performance culture at the bank to increase competitiveness.
This document summarizes the effect of implementing a contribution linked pay (CLP) policy at a call center department in a bank in Vietnam. The CLP policy provides additional pay for agents who exceed performance targets by answering more calls and solving calls quickly. This policy change significantly improved agent productivity by encouraging them to minimize break times and focus on fast call resolution. The CLP policy accurately reflects individual employee contributions and promotes a high performance culture at the bank to increase competitiveness.
This document summarizes the effect of implementing a contribution linked pay (CLP) policy at a call center department in a bank in Vietnam. The CLP policy provides additional pay for agents who exceed performance targets by answering more calls and solving calls quickly. This policy change significantly improved agent productivity by encouraging them to minimize break times and focus on fast call resolution. The CLP policy accurately reflects individual employee contributions and promotes a high performance culture at the bank to increase competitiveness.
This document summarizes the effect of implementing a contribution linked pay (CLP) policy at a call center department in a bank in Vietnam. The CLP policy provides additional pay for agents who exceed performance targets by answering more calls and solving calls quickly. This policy change significantly improved agent productivity by encouraging them to minimize break times and focus on fast call resolution. The CLP policy accurately reflects individual employee contributions and promotes a high performance culture at the bank to increase competitiveness.
IR 1: Documenting HR's effect on company performance
2. Key points:
3. Choose one of the issues discussed in the article to analyze how it is
conducted/practiced in Vietnam (based on students’ working experience) with data/info supported (citations required). Currently, I have worked at the Call Center Department at bank for 5 years. One of the most important indices to measure our department’s performance is abondance rate – the rate of the number of customers the hotline cannot support when they call. Thus, in 2021, the HR has required that the Contact center should apply the contribution linked pay policy (CLP), which has already been implemented in other divisions since 2017, enabling employees to determine their own incomes. The mechanism is that besides the salary on the contract, when the agent meets the conditions (such as the number of calls they answer exceed the given number and they do not hit knock-out rules), they will be paid more for the extra calls they gain. This adjustment made a significant change in the productivity of most Call center agents. They are encouraged to receive more calls by minimizing their break time and focus to solve the call fast. This amendment in remuneration policies does not only help to accurately reflect contributions made by individual employees but also promote high performance culture inside the Bank, and increase competitiveness on the market.