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Crash and Churn: survey reveals the customer service fails that cause attrition

TechSee

The industry that experiences the highest rates of churn is telecommunications, with 52% of those surveyed reporting that they canceled a phone, internet, TV or cable contract with a telecom company in the past 24 months due to the quality of customer service they received.

Survey 164
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Customer Care Today: The top 4 things consumers want you to know

Interactions

Given that 92% of consumers surveyed believed that today’s customer service needs improvement, brands have a big opportunity to make excellent customer service a key differentiator. Brands must look at what customers really want and remove pain points from interactions. So what exactly do customers want?

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5 Top Customer Service KPIs for Telecom Companies

Kayako

The industry has the fourth-highest churn rate, after cable, financial, and general retail, meaning that 21% of new Telecom customers will stay less than a year with the same Telecom provider. The cost of acquiring new customers is up to 25 times higher than retaining them. We know that customers hate to wait.

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How credit card companies offer different levels of customer service

Service Untitled

So are there different levels of service for credit card customers depending on one’s credit and past financial history? Customers who are nasty to representatives tend to receive less service and less consideration. Just remember, you “attract more bees with honey than with vinegar.”

Company 74
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111 Customer Service Statistics and Facts You Shouldn't Ignore

Help Scout

Your customer experience is the main differentiator between you and your competitors, and all of the customer service statistics back it up. Below, we’ve collected 111 key statistics exploring the relevance and importance of good customer service — and expanding on the cost and impacts of poor customer service.

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RIP, IRESA: ENERGY REMINDED TO BEWARE THE WRATH OF THE CUSTOMER

Thunderhead

On reflection, Ofgem’s previous demands on Iresa read more like a beginner’s guide to producing an Energy customer SLA: Extend its call centre hours. Bring the average call-waiting time to below five minutes. Respond to customers who request a call-back by the end of the next working day.

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Creating a winning customer service strategy

delighted

Exceptional customer service turns repeat and new customers into promoters. Needless to say, many brands are taking notice of the financial benefits improving customer service can have for your bottom line. In 2019, 67% of consumers believe that companies are actively improving their customer service.