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  • 148 million extra customer support calls: How the cost of living crisis is impacting customer care

    960 640 Stuart O'Brien

    UK households will make an extra 148 million customer service enquiries this year as the cost-of-living crisis continues and consumer spending tightens.

    That’s according to analysis by Firstsource Solutions, which says higher interest rates, inflation, and rising energy costs mean UK households are more likely to cancel subscriptions, downgrade packages, query bills and charges, and shop around for better deals.

    Additionally, many households will struggle to maintain payments, get into arrears, and need to contact their providers for resolutions.

    Forecast additional customer service enquiries to UK companies in 2023

      Enquiries per year, million Enquiries per month, million % of enquiries from the 20% poorest households
    To financial services companies 64 5.2 34%
    To energy providers 70 5.8 38%
    To telecoms / media providers 16 1.3 25%
    Total 148 12.3 35%

    Poorer households are the most likely to struggle with payments. Those with incomes in the bottom 20%, under £17k per year, are likely to account for 38% of additional calls to energy providers and 34% to financial services companies.

    Rajiv Malhotra, Head of Europe, Firstsource, commented: “In my experience, businesses want to be empathetic, but unprepared companies may soon find themselves with increasing numbers of vulnerable customers unable to get support, and ever longer waiting times. Putting the customer first means making it straightforward to ask questions and get responses across channels when and where it suits them. It also means having a process in place whereby customers with troubles, concerns or matters of a sensitive nature can speak to a human agent and get help when they need it.”

    “We’re already seeing companies expand their contact centre capacity, but it’s difficult in the current labour market. Businesses can relieve some of the pressure on their contact centres by reviewing their digital customer journey by, for example, updating website FAQs, reviewing automated voice queues, adopting SMS and WhatsApp messaging, and channelling basic queries to chatbots. Companies can also plan ahead by considering options for more affordable packages and policies for customers who are behind on payments or facing financial difficulties.”

    AUTHOR

    Stuart O'Brien

    All stories by: Stuart O'Brien

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