Mon.Aug 22, 2022

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How Employee Churn Costs You Money

InMoment XI

It turns out that your greatest asset in your efforts to create an excellent customer experience (CX) can actually be one of your greatest costs. What are we talking about? Your employees, of course! And, more specifically, employee churn. Employees make or break the customer experience, and if they are not satisfied in their position, they can cost you money by negatively impacting customer experiences—or by packing up their bags and going elsewhere.

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Closed-Loop Customer Feedback: How to Drive Real CX Results

PeopleMetrics

Customer satisfaction surveys have traditionally focused on collecting aggregate data. From a market research perspective, this approach makes sense—it’s statistically accurate, high-level, and shows trending data. However, many customers today often feel less than satisfied with this “open-loop system.” They expect that if they take the time to provide personal feedback, the company should take the time to provide personal follow-up.

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5 Important Customer Experience Metrics For Happy Customers

Advantage Communications

Measuring your customer service with metrics is an important part of understanding how effective your customer experience strategy is. Customer experience metrics will tell you how well your CX strategy is working and help your business identify opportunities for improvement.

Metrics 59
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Bringing price transparency in healthcare to vision insurance

West Monroe

Patients have historically had little to no visibility into the cost of healthcare services prior to those services being rendered. A common justification for this lack of transparency? Simply that the matter is complex. There are myriad factors to consider when determining costs, making it difficult—if not impossible—to provide reasonable estimates beforehand or easily comprehendible itemizations afterward.

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The Ultimate Guide to Monetizing Customer Learning

Every decision that goes into your learning monetization strategy matters for your organization’s bottom line. Our research has shown a clear correlation between high program maturity (and ROI!) and choosing the right monetization strategy. This eBook contains clear, actionable ways to approach packaging and pricing models that will help your association grow revenue, improve profitability, and drive expansion into new markets.

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Time running out to enter CX Leader of the Year 2022!

MyCustomer

Engagement Time running out to enter CX Leader of the Year!

2022 91

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Incident Management KPIs and Other Critical Metrics for ITIL

CSM Magazine

Downtimes can affect your business in many ways, including reduced productivity, customer frustrations, and lost work hours, making incident management a critical part of any business. That’s why a proper incident management plan must have a way of tracking its effectiveness. This guide offers a guide on critical incident management your organization should track and other critical metrics for ITIL.

Metrics 52
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The Link Between the Competency Framework, CLTV, and Recurring Revenue

SAP Customer Experience

Recurring revenue is vital to an SAP partner’s business. With more customers moving to the cloud and opting for solutions delivered via the Software as a Service (SaaS) model, monthly recurring revenue and customer lifetime value (CLTV) are two of the most important metrics you need to monitor to keep.

Metrics 57
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The Keys To 2023 Planning? Discipline And Precision

Forrester's Customer Insights

Volatility will complicate planning for the coming year, but an intentional approach to investments and cuts will help businesses succeed.

2023 49
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Aug 22 – Customer Success Jobs

SmartKarrot

Role: VP of Customer Success Location: Remote, United States Organization: Talentify.io As a VP of Customer Success, you will set the vision and strategic plan for the Technical Account Management and Customer Engineering functions, focusing on increasing product adoption, leading an exceptional customer experience, and driving growth. Hire and mentor a team focused on driving business value to the customers.

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The Verint Experience Index: Retail

Reports of the death of in-store shopping have been greatly exaggerated. This year’s retail survey found that more than 60 percent of consumers start and end their journey by visiting a store. Retail customers value price above everything, but the importance of other factors varies for different brands. In-store shopping is valued highly by grocery and home improvement customers Technology retail customers place less importance on in-store experiences – for them it only ranks sixth Digital exper

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Innovations in AI Customer Service

Solvvy

As customer expectations increase, implementing artificial intelligence (AI) customer service is becoming more important to business growth strategies. . Customer service is often the face of your company. Your team must embody everything you want your customers to know about your brand, from expertise and quality to how much you care about your customers and want to make your products or services easy for them to use. .

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All about VoC (Voice of the Customer): Definition, Representation, Tools, Examples & More…

SmartKarrot

Do you want to know what your customers are thinking? What is their experience surrounding your brand like? Have you ever questioned why one customer is leaving but another is staying? The Voice of the Customer (VoC) answers all of these questions. VOC is your customers’ idea of how well you are doing as a company and a key to long-term repeat customers.

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How Do I Choose a PBM Platform?

DemandJump

Pillar-Based Marketing (PBM) is taking the marketing world by storm. What is PBM? It’s a marketing strategy that aims to push your website to page one of Google through a web of content you create.

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From The Great Resignation To The Great Inspiration

The DiJulius Group

While it seems no industry has dodged The Great Resignation, it is safe to say the current companies that cannot function without onsite employees have been the most strongly affected. Restaurants, hotels, doctor’s offices, retail, and fitness clubs all became less attractive to employees because working from home (WFH) was not an option. Yet some. Read Full Article.

Hotels 52
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11 Tips to Drive Learning Content Consumption

Unlock the full potential of your educational initiatives with the 11 Tips to Drive Learning Content Consumption eBook. You’ll uncover: Why measure content consumption rather than (or in addition to) completion rates and member satisfaction? What are some proven tactics to create quality learner content and raise your content consumption rates? Discover the secrets from leading experts in the field, distilled into practical tips that promise to elevate the quality of your educational offerings,

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How to Collect Product Feedback from Web Customers

Zonka Feedback

Customer feedback has emerged as a key driver of long-term growth. Today's businesses seize any opportunity to speak with or learn about their customers. Businesses spend millions of dollars establishing feedback channels such as reviews, feedback tools , emails, feedback surveys, and website analytics.

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5 Essential Tools for Effective Key Account Management

Kapta Customer Success

Top-performing key account managers (KAMs) are 2.5 times more likely to have an established effective account planning process.

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7 Ways to Increase Revenue Using Online Reviews

Grade.us

Reading Time: 8 minutes. Reviews generate revenue. That’s the story, right? We know negative reviews can destroy a business, but what about the opposite end of things? Can reviews really generate revenue for your business? Or is it the kind of thing where marketers say that then they use analytics to justify their claim afterward? As you’ll soon see, there are simple strategies and tactics that, when used well, produce cash flow for your business.

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Random Acts Of Automation: Ten Pitfalls We Must Avoid

Forrester's Customer Insights

The trend toward automation is not new. The Industrial revolution started it in 19th century but there has never been such rapid automation progress. All forms accelerated often without understanding their effect. Humans became choke points in operations, points of disease and legal liability, and friction to smooth digital pathways. The pandemic became the tipping […].

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Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity

Speaker: Nicholas Zeisler, CX Strategist & Fractional CXO

The first step in a successful Customer Experience endeavor (or for that matter, any business proposition) is to find out what’s wrong. If you can’t identify it, you can’t fix it! 💡 That’s where the Voice of the Customer (VoC) comes in. Today, far too many brands do VoC simply because that’s what they think they’re supposed to do; that’s what all their competitors do.

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10 Birdeye Alternatives For 2022

SurveySparrow

A tool to transform feedback into insights to deliver an experience that customers want to share. If we had to define what Birdeye does, we’d use this line (and we did!). An excellent reputation management software built for customer-driven marketing. That’s what Birdeye is. But is it a bed of roses? Like every tool out there, Birdeye comes with its set of flaws.

2022 52
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Steadfast Technology Decisions Will Deliver Business Value In 2023

Forrester's Customer Insights

CIOs must approach their 2023 planning and budgeting period with a growth mindset. Get three takeaways from Forrester's 2023 Planning Guide for technology executives.

2023 26
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The benefits of a SaaS Loyalty Points Bank

Currency Alliance

The Points Bank in a loyalty program is the module of software that keeps track of all transactions related to issuing, redeeming, or exchanging points among loyalty program members, partners and other stakeholders. This module maintains the ledgers so that all the transactions, a customer’s points balance, and the outstanding liability of the loyalty program are properly recorded and reported.

Banking 52
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Budget Pressure Forces Tech Leaders To Face The Legacy Of Technical Debt

Forrester's Customer Insights

Learn where you should increase or decrease your technology investments for 2023 with Forrester’s new Planning Guide for technology architecture and delivery.

2023 26
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10 Questions to Ask Before Buying an LMS

Find your perfect LMS. Choosing the right Learning Management System (LMS) is crucial for your business's success. With so many options available in the market, how do you ensure you make the best choice? This guide is your key to finding the ideal enterprise learning platform for your business. Compiled by industry experts, these questions will help to clarify your needs, prioritize your most essential features, and guide you through the evaluation process.

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An Uplight Mom Comes Back from Maternity Leave

Uplight

Today I talked to Betty Leicht, Software Engineering Manager, and a member of the Moms at Uplight and Military Connection Employee Resource Groups (ERGs) about her maternity leave. The purpose of Uplight’s ERGs is to establish a community of people of common identities, experiences, or similar backgrounds to provide those individuals a space for safety Read More.

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Digital Businesses: Make Strategic Investments In 2023 To Survive Economic Turbulence

Forrester's Customer Insights

To succeed with digital business in 2023, invest and innovate judiciously by doubling down on customers’ pressing needs.

2023 26
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The Sales to CS Handoff and the Triangle of Trust

Education Services Group

I spend a lot of time thinking about what makes exceptional stand out amidst a sea of great. What is it about those who cut through the noise? I find myself circling back to one aspect time and time again. Little moments. Small but impactful inflection points. Today, many companies have these planned touchpoints scattered throughout their customer journeys, but again, we are talking about the exceptional.

Sales 52
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New Security & Risk Planning Guide Helps CISOs Set 2023 Priorities

Forrester's Customer Insights

Which security technologies should be getting the investment in 2023 and which ones should you be scaling back on? Find out in Forrester's Planning Guide 2023: Security & Risk.

2023 20
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The Open CCaaS Advantage Report

Over the next 12 months, what do you think will have the biggest impact on your CX automation efforts? When asked the same question, only 10% of CX leaders surveyed by Verint chose telephony. It’s no longer the engagement channel leading CCaaS conversations. The customer engagement challenges facing organizations have changed – so a new approach is needed.