Digital marketing bends the rules of traditional customer service. When these rules change, it becomes harder to acquire and retain customers to keep ahead of the game. Companies must quickly adapt to the new dynamics.
Customer service KPIs, or key performance indicators, uncover a 360-degree picture of companies’ relationships with their potential consumers. Given that 81% of companies outline the value of good customer service, the KPIs are a critical measure of the overall organizational success. Read more about the tailor-made service for increasing your customer support key performance indicators.
In this article, you will learn about the leading customer service KPIs that help firms transform their basic operational performance.
The Basics of Customer Support KPIs
Customer support KPIs are essential for support agents, managers, and organizational leaders who deal with consumers daily. KPIs show whether your business is on the right track and where to improve.
Companies heavily rely on their customer support teams. They expect them to drive loyalty and enhance customers’ experiences with the brand. It’s a viable strategy as nearly 90% of consumers report that customer service is essential to their choice of and loyalty to a company. As seen in the chart below only 10% of clients stated that service is unimportant.
However, as the business climate and customer behavior change, companies must take a different approach to measuring and rewarding their customer operations. The right strategy will ensure robust customer engagement and help companies deliver end-to-end experiences for their clients.
Why do customer support KPIs matter?
The proper management of customer service helps companies create a professional KPI dashboard to keep track of agent performance and its direct impact on customers.
Customer support KPIs show how a company’s vision of its position in the market can significantly differ from the actual statistics that customers provide. According to a Deloitte study, 80% of firms believe they deliver superior customer service, while only 8% of their customers agree that they do.
To improve customer relationships, analyzing customer support KPIs is crucial. They provide insights on your customer service by answering the following questions:
- How does your support team function?
- How do your product/services match your clients’ demands?
- What do your customers think of the company?
- How easy is it for clients to interact with the brand?
- Do your business methods work?
Answers to these questions help you develop the most efficient customer support strategy.
In this article, we’ll discuss the most critical experience metrics. These include:
- Customer Satisfaction (CSAT);
- Customer Effort Score (CES);
- and Net Promoter Score (NPS).
These three are considered customer loyalty metrics that best showcase your failure or success in providing an excellent customer experience.
Customer Satisfaction (CSAT)
A satisfied consumer is the ultimate goal for your business. Companies use CSAT to measure customer satisfaction because it’s the most straightforward way to find out customers’ sentiments towards your brand.
CSAT reveals what your customers think about you, depending on the customer experience you can provide. The primary tool for measuring this customer support KPI is the surveys that are introduced after ticket resolution.
How to improve customer satisfaction?
To keep customer satisfaction on a positive note, customer support reps must follow the specific rules:
- Happy employees equal happy customers.
- Always be an active listener for your customers.
- Align your corporate culture with your strategic vision.
- Provide multichannel customer service.
- Customer feedback is your gold mine.
- Don’t forget to respond to customer feedback.
- Pay close attention to negative reviews and complaints.
Most importantly, agents must take prompt action when interacting with the clients because the immediate response is what keeps 90% of the customers worldwide satisfied with the service.
Customer Effort Score (CES)
Customer effort score evaluates how much effort your client has put into fixing a particular problem. CES encompasses multiple factors, including time, overall back-and-forth interactions, and the number of times a customer contacted the support.
This customer support KPI also relies on surveys that assess customers’ satisfaction and experience with your agents when solving a specific inquiry.
How to improve CES?
Your goal is to ensure that customers spend the least amount of time and effort solving their issues with your company. Such issues must be handled by agents. By following these steps, your company will stay ahead of the customer service curve:
- Always test your purchasing journey to identify the pitfalls before customers do.
- Let your clients choose their preferred payment method.
- Adapt your business to mobile devices since mobile e-commerce is supported by 55.4% of customers worldwide.
- Make customer support channels simple and accessible so your clients can reach out in a matter of seconds. (Note that 42% of customers prefer phones and 38% of customers choose digital channels to communicate with the brands).
- Ensure that the customer journey is easy.
Before making any adjustments to your customer services, make a habit of using surveys to gather customer feedback and decide what steps you need to take.
Net Promoter Score (NPS)
The Net Promoter Score depends on the simple question that each of us has been asked at least once: How likely is it that you would recommend this product/service to a friend or colleague?
NPS is used as the most efficient way to measure customer loyalty. NPS divides your customers into the following categories: promoters representing the most valuable clients and detractors who cause the most damage. Promoters are your goal.
Here’s what you can do to improve your NPS:
- Keep your services customer-centric.
- Analyze the market to learn from competitors’ scores.
- Regularly measure your NPS to fill all the missing gaps in customer support.
- Talk to your clients and ask what they want.
- Customer surveys help define the warning signs of potential customer-related problems.
- Focus on what customers demand.
- Integrate technology (48% of consumers report high loyalty rates to the companies that use the latest technology to connect with them).
Net promoter score is a powerful asset that directly shapes your company’s ultimate results.
Final Thoughts: All is Fair in Customer Support
Customer competition is gaining new momentum. For this reason, organizations need to learn how to make customer support KPIs work for their business purposes.
You may think that you have to choose only one strategy to measure your customer support KPIs, but you’re incorrect. Each metric revolves around customer satisfaction and experience, but they perform different purposes. Therefore, companies should use these metrics in sync to help their support teams know their clients in-depth and build strong customer relationships long term.