Customer service delays in Singapore result in businesses losing S$1.24B in wages

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One in three Singaporeans reported spending more time on hold in 2023 compared to the previous year.

There have been more customer service delays in Singapore, with recent figures revealing a staggering cost of S$1.24 billion in lost wages.

Singapore Business Review reported that last year, Singaporeans collectively endured over 30 million hours on hold, a concerning statistic that points towards businesses taking more time in resolving customer-related issues. This translates to approximately two full working days per individual, contributing to a substantial nationwide wage loss.

ServiceNow has issued a warning that sluggish service solutions could escalate business operating costs. On average, employees are dedicating 4.7 working days to resolve each customer issue, highlighting the need for more efficient customer service processes.

 

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