Do you truly understand how your customers perceive your services? Are you equipped with the right tools to measure customer satisfaction and capture authentic feedback? How do you translate these insights into actions that elevate the overall customer experience?
The answer lies in tracking key performance indicators (KPIs) such as CSAT (customer satisfaction score), NPS (net promoter score), and CES (customer effort score). Measuring customer satisfaction is crucial to evaluate the overall relationship of a customer with your brand and fix what matters most.
Contact centers today use a variety of metrics to capture every facet of customer sentiment, but CSAT, NPS, and CES are right there at the top. By evaluating how happy your customers are, tracking the difficulties they experienced while resolving an issue, and gauging long-term loyalty, these three metrics give you a complete picture of the support experience you provide.
In this blog, we have shared our insights on how you can use these metrics to measure customer satisfaction and combine their strengths to achieve your customer experience (CX) objectives.
Also read: Introducing Customer Satisfaction (CSAT) Survey For A Five-Star CX Program
First, let us take a closer look at each of the metrics and understand what they mean and how they work.
Now that we know what each metric means, let us understand how they are different from each other.
Focuses on: Measuring customer satisfaction.
Why to use: To identify areas of improvement in specific processes, track agent performance, and identify training opportunities.
Timing: A CSAT feedback jumps right in after a customer makes a purchase or interacts with a support agent.
How it is calculated: CSAT (%) = (Number of positive responses/Total responses) x 100
Focuses on: Measuring customer loyalty and a customer’s willingness to recommend your brand.
Why to use: NPS segregates your customers to help you understand where your brand stands among the specific groups.
Timing: You can right away send NPS surveys to new customers, and for the rest, you can send out the survey on a quarterly or yearly basis.
How it is calculated: NPS is calculated by subtracting the percentage of promoters (customers who choose a number above 7) from the percentage of detractors (customers who rate you below 7).
Focuses on: Customer efforts and the ease of customer experience.
Why to use: To identify specific points of friction in the customer journey.
Timing: CES is immediately used after a customer interaction or after resolving a service ticket.
How it is calculated: CES (average score) = Sum of all responses / Number of responses
When you ask yourself what your customer experience goals are, you will understand which specific metric will help you achieve them. In our opinion, every organization should prioritize improving all aspects of CX, and that is only possible by using all three metrics.
Together, CSAT, NPS, and CES give you a 360° view of customer sentiments by collecting customer feedback, understanding customer loyalty, and improving areas of customer friction.
Using a combination of these metrics is the smartest approach to create a feedback strategy and proactively fix issues in the customer journey. With this comprehensive approach, you will have all the data at your disposal to make targeted improvements, such as improving agent performance, optimizing workflows, and introducing customer loyalty programs.
Also read: Agent Scorecard: The Key To Measuring And Mastering Service Delivery
Conduct real-time surveys using ThinkOwl's Survey tool. It helps to gather feedback from clients, drive improvements across the customer journey, and measure their level of satisfaction. Creating a survey in ThinkOwl is super easy. You only have to set parameters such as Survey Question, Rating Scale, Rating order, Text Labels, and the mode of sending the survey, and your survey will be ready to launch.
ThinkOwl’s Survey displays the results of all client feedback where it showcases reports on Response Rate, Satisfaction Score, Promoter Score, and Percentage of Customer Ratings. With automated survey data and robust analytics, you can identify unhappy clients and take action to prevent them from churning and ensure a five-star customer experience.
To get the most out of your customer satisfaction strategy by using these metrics, you need to follow a few key practices.
Each metric provides unique insights into the customer experience you deliver. With ThinkOwl, you can start measuring customer satisfaction with survey tools and improve service quality. ThinkOwl summarizes your survey results in a centralized view so that you know exactly what your customers feel about your brand. Explore such smart solutions by ThinkOwl, and sign up for a free demo today!