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Loyalty Magazine Awards 2018: Tales of the (Mostly) Expected?

Currency Alliance

So in the context of the gongs now having been handed down, here’s a look out over loyalty marketing landscape: what makes a winning program now, and what new surprises might be in store for 2019. In the attention economy, the mind of the modern consumer is hardwired for instant gratification – often at zero effort.

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60+ Customer Loyalty Statistics for 2020

ProProfs Chat

But trust me, factors like: Product quality, Awesome support, Marketing reach, Efforts to engage customers, . Efforts to retain customers, help you formulate effective loyalty programs that your customers enjoy being a part of. Benefits of Improving Customer Loyalty. Benefits of Improving Customer Loyalty.

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Customer Experience in Banking: A Guide to Improve Trust & Satisfaction

InMoment XI

The positive online reviews you receive as a result of your CX strategy will be beneficial to your financial services reputation management efforts. Introduce loyalty programs to reward long-term customers for their continued use of your banking services. How to Improve Customer Experience in Banking?

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How Can You Measure Returns On Employee Experience?

SurveySparrow

Companies with high employee experience have 142% higher employer Net Promoter Score, 28% higher productivity, 37% lower turnover rates, and 59% higher job satisfaction. Gradually, companies are learning how to calculate returns on employee experience and invest more effort in enhancing employee engagement. . Employee Pulse Survey.

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Consumer banking: money can’t buy loyalty

Currency Alliance

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. Rewards value rose 15% in Q3 2018 alone[vi]. Card attrition rates rose to 15% in 2018 from 10.5% Actually, they do. in 2017[vii].

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4 ways to maximise the value of your loyalty program

Currency Alliance

There are really only four ways to create value for all stakeholders in a loyalty program: maintain low operating costs, and funnel the savings into rewards. add complementary partners in every spending category so the program and the currency are more useful and interesting. Not every loyalty program seems to appreciate this.

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How to Evaluate Employees: A Performance Review Checklist

SurveySparrow

You can gather information about them to determine pay raises, employee benefits, loyalty programs, and layoffs. Before the covid-19 crisis, an employee performance review was once in a while program in most organizations. Now employers have to invest more effort and time in employees than ever. Net Promoter Score.

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