Enhancing customer experience is an absolute priority for corporations today. To determine if customer service meets expectations, you need the ability to measure the key performance indicators (KPIs). There are numerous KPIs for measuring the success of your customer service strategies. Following are the top seven KPIs your business might consider utilizing to measure customer experience and service levels.
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Net Promoter Score (NPS)
Customers who are pleased with your customer service may suggest your business to family and friends. This becomes your company’s NPS. The rate of people who recommend your company to others can be a valid measure of customer satisfaction.
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Brand attributes
Obtaining feedback about how customers describe your brand is a good measure of customer service and an indication of where you stand in your customers’ eyes. Also, you’ll discover what qualities to focus on to enable customers to see your brand in a selective light.
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Competitor comparison
While customer retention and overall satisfaction are useful metrics for measuring service, it is critical to discern how your company stacks up against competitors, because even loyal customers may choose competitors for single purchases or interactions.
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External industry benchmarks
It is crucial to recognize how your brand stacks up against the competition. Collect external benchmarking survey data to compare your brand to your closest competitors because even the highest-rated companies only succeed about 88 percent of the time, leaving plenty of room for improvement.
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Conversion rate
Following an interaction with a customer, determine the likelihood that they will take some action, such as making a purchase. This number should be high if your customer service is excellent.
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Resolved issues
Looking at all of the issues that your customer service team has fixed is an ideal method to form a snapshot of your company’s customer service. Regardless of your firm’s success, there will be problems and grievances. However, if your team can solve them efficiently and in a manner that creates a good experience for the customer, that is evidence of valuable service experiences.
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Overall satisfaction
Although every business aims for 100 percent satisfaction 100 percent of the time, it just isn’t realistic. What is realistic is to expect customer satisfaction KPI to always be rising. You can track whether or not your rating is going up by setting internal benchmarks. You can target problem areas, set goals, and make changes to enhance your customer satisfaction rating the intelligent way.
To improve upon something, it must first be controlled. To control something, measurements are required. Your business provides an experience, satisfies the customer, and builds a relationship that ultimately translates to conversion. Monitoring the health of your business requires measuring customer experiences and understanding which KPI to select to enhance customer experiences. With the right KPIs, you can recognize the direction your business is going and whether or not your customers are satisfied with your service. Etech Global Services delivers intelligent sales, technology, and customer service solutions. Contact us today for help building a stronger brand, strengthening customer relationships, and gaining your share of the market.
