Top Collection Agency Reveals Strategies With Collectors: Hiring, Training & Operational Tips
"When I advertise for collectors, I always include that this office uses a predictive dialer," says Bernie Donoghue, collection manager of Dun & Bradstreet's Receivables Management Service (RMS). "A predictive dialer environment is not for everyone, and it saves a lot of wasted calls and resumes from people who won't work on a dialing system. I advertise that we have salary plus commission and that our office works a flex schedule. We hold monthly and quarterly collection contests, and we recognize an associate of the month." Along with the predictive dialer, RMS uses a team approach to collections. The team is responsible for a gross dollar amount as well as a revenue objective on a monthly basis, and members receive a monthly bonus that is based on claim intake and recovery rate. A typical workday begins at 8:00 a.m. with the collectors signing on to the predictive dialer. The collectors begin the day working the older claims, followed by new claims in mid-afternoon, and broken promises to pay accounts in the late afternoon. "Breaks and lunch hours are structured not to impact the productivity of the dialer," says Donoghue. "The dialer ensures that collectors will typically talk to as many as 160 debtors per day. Working commercial collection claims, the hit rate on the dialer is high. The collectors leave at 4:45 p.m., unless they are working flex hours, which are currently 10:30 a.m. to 7:30 p.m."
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