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Return on Investment

Calculate the Lifetime Value of One Loyal Customer
Average Revenue of One Loyal Customer per Year

X


Average # of Years One Loyal Customer Stay with Your Organisation

=


Lifetime Value of One Loyal Customer

Calculate the Referral Value of One Loyal Customer
# of Referrals of One Loyal Customer per Year

X


Annual Revenue of One New Customer

=


Referral Value of One Loyal Customer per Year

Calculate the Cost of Customer Complaints
Average Cost of Handling Each Customer Complaint

X


# of Customer Complaints per Year

=


Amount Spent on Customer Complaints per Year

Calculate the Hours Consumed by Escalations
Average # of Hours Consumed per Escalation

X


# of Escalations per Month

=


Hours Consumed by Escalations Per Month

Calculate the Annual Cost of Escalations
Average Cost per Escalation

X


# of Escalations per Year

=


Amount Spent on Escalations per Year

Calculate the Cost of Employee Turnover
Cost to Hire and Train per New Employee

X


# of Employees Who Quit per Year

=


Cost of Employee Turnover per Year

What changes or improvements are most important for your organization? What is the financial value to be gained from making these improvements? What are the costs associated with maintaining the status quo?

 

We use this essential information to customize the exercises and fine-tune the facilitation in UP Your Service! College courses. This leads to new action that creates the value you and your customers require.

 

Measuring your Return on Investment may include:

 

Customer Loyalty

 

  • Repeat purchases
  • Frequency of purchases
  • Size and share of purchases
  • Purchase of premium products and services
  • Intention to promote or recommend
  • Actual recommendations
  • Advocate and ambassador behaviors
  • Lost and recovered customers
  • Investments in retaining customers
  • Constructive feedback and recommendations

 

Customer Satisfaction

 

  • Number of compliments
  • Number of complaints
  • Ratio of compliments to complaints
  • Satisfactory resolution of problems
  • Level of importance of key attributes
  • Level of satisfaction with key attributes
  • Perceived improvement of key attributes
  • Comparison and preference vs. competition

 

Service Performance

 

  • Key performance indicators: external service
  • Key performance indicators: internal service
  • Percentage and rate of improvement
  • Number of incidents, errors and escalations

 

Employee Engagement

 

  • Staff attitudes
  • Staff behaviors
  • Staff suggestions
  • Work-life balance
  • Absenteeism and turnover
  • Teamwork and innovation 

 

You can achieve the Return on Investment you need by articulating your primary goals and aligning them with the customization and deployment of UP Your Service! College.