Elvee [formerly Curve Tech] has announced its new name and the debut of its AI-powered platform designed to predict and prevent employee attrition. The platform analyzes over 25,000 data points per employee and has demonstrated an average attrition reduction of 62% in early deployments, resulting in customer savings of $1.1 million per month.
Elvee launches the world's first AI employee attrition prevention platform.
The platform analyzes over 25,000 data points to predict attrition.
Early deployments show an average attrition reduction of 62%.
Customers have saved an average of $1.1 million per month using the platform.
Elvee provides managers with visibility, actionable insights, and intelligent heatmaps.
The platform aims to enhance Employee Lifetime Value (ELTV) and Customer Lifetime Value (CLV).
The cost of replacing an employee has significantly increased, often ranging from half to four times their annual salary. Additionally, high-performing employees promoted to management frequently lack the necessary support, yet are expected to maintain their previous level of performance. This situation leads to a costly cycle of employee turnover, with limited effective tools available for retaining top talent proactively. Existing retention efforts are often reactive and implemented too late.
Elvee's unique AI solution monitors 25,000 data points related to employees, achieving a nearly 90% accuracy rate in identifying workplace issues that can lead to attrition and successfully resolving them. The platform offers managers instant visibility into potential problems, actionable insights for intervention, and intelligent heatmaps to improve employee motivation, performance, and proficiency. Initial deployments of Elvee have resulted in a 62% reduction in attrition and savings of $1.1 million per 1,000 call center agents, with even greater returns for organizations with highly skilled employees.
Beyond the immediate impact on attrition rates and cost savings, Elvee's platform offers a compounding effect for organizations. By enabling companies to enhance Employee Lifetime Value (ELTV), it also drives Customer Lifetime Value (CLV) and contributes to sustainable success through improved managers, more effective teams, and better overall business outcomes. The platform not only saves companies money but also helps build stronger brands and consistently improves performance over time, creating a significant long-term competitive advantage.
"Companies are leaving money on the table by not taking care of their employee attrition problem, it's as simple as that," said Elvee's CEO, Raz Dar. "Most contact centers are losing over $1M per year for every 1,000 agents, and they have thousands of employees. Our solution is the first to address this issue using AI at scale, and our customers are seeing concrete results in recapturing revenue, retaining top performers, and gaining a visible and distinct competitive advantage."
"Using our operational data, Elvee AI prediction engine was able to accurately identify agents at risk of attrition providing our supervisors sufficient time to course correct and retain those top performing employees. We've decided to expand Elvee's implementation because of the successful POC," said Galina Petrenko VP, Data, Analytics and AI at Qualfon.
In conclusion, Elvee's AI-powered employee attrition prevention platform represents a significant advancement in addressing the costly challenge of employee turnover by providing proactive insights and tools for effective retention strategies.
ELVEE is a pioneering employee experience platform combining AI with emotional intelligence to provide managers with the tools and insights to elevate employee motivation, performance, and proficiency. Leveraging over 25,000 unique data points for each call center agent, the ELVEE platform achieves over 90% accuracy in predicting workforce risks and enables managers to proactively address challenges. The result is a 62% reduction in attrition, unlocking millions in savings, enabling companies to retain top performers, and enhancing Employee Lifetime Value (ELTV) in service of greater Customer Lifetime Value (CLV).
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