Forrester Research conducts an annual consumer satisfaction survey called the Consumer Experience Index.
In the survey, they ask customers to rate their experiences with various companies from 1 (very bad) to 7 (very good).
When collecting the data, they categorize the responses into three groups:
Group A (champions)—clients with a score of 7.
Group B (positives)—clients with scores 4 – 6.
Group C (negatives)—clients with scores 1 – 3.
When presented with this data, companies either attempt to eliminate the negatives (turn 1 – 3s into 4s or higher) or elevate the positives (turn 4 – 6s into 7s).
Which is a better strategy?
On almost every performance metric, spending time and effort on “elevating the positives” produces better results.
In fact, Forrester estimates that companies earn 9 times more revenue by “elevating the positives” than by attempting to “eliminate the negatives.”
Is it possible this consumer retention principle would also apply to agent retention?
I don’t know of anyone who has specifically researched this topic, but I suspect it would.
Since you only have a limited amount of time to spend on retention, dedicate it on trying to convert your positives into champions.
It will produce a better return than trying to save your negatives.
Focused Retention
- Ben Hess
- February 17, 2020
- Uncategorized