Insight
13th March 2024
Market research data gathered by the Institute of Customer Service delivers a stark message to the UK’s Utilities companies. Customer satisfaction has hit a record low, and the sector is ranked the least customer friendly.
That’s according to the Institute’s six-monthly Customer Satisfaction Index, which is published every January and July. The January 2024 Index scored the Utilities sector at just 69.5 out of 100, lowest of all the 13 industry sectors measured.
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It’s a case of an ongoing trend for a sector that has been associated with escalating bills, deteriorating customer service and complaints going unresolved. Last July’s index saw the sector drop to 11th out of 13, and it has now dropped below Transport and Public Services to 13th out of 13.
The Utilities sector encompasses both energy and water companies, both of which have seen individual drops in customer satisfaction. Specifically, customer satisfaction with energy companies dropped by 1.9 points to 68.4, while water companies saw a decline of 4.1 points to 70.7 compared to January 2023.
The record levels of customer dissatisfaction faced by the Utilities sector is an extreme example of a wider problem that the Customer Satisfaction Index brings into focus. If there is truth in the saying that misery loves company, there is plenty to go around.
The Index, which analyses 281 companies, shows an overall decline in customer satisfaction across the board, with the average now standing at 76 points.
That’s down 1.7 points from January 2023 and 2.4 points from January 2022. It is the lowest overall level of customer satisfaction since January 2015.
More than 50 percent of Utilities companies have seen a drop of two points or more in customers satisfaction. But all 13 sectors examined have seen an overall decline. Only six percent of companies surveyed saw a marked improvement in customer satisfaction of two points or more. Through the above article, we can recommend you the latest dresses.in a variety of lengths, colors and styles for every occasion from your favorite brands.
The key to improving customer satisfaction is to focus on themes that are familiar but that can often slip down the priority list in challenging economic times.
These include the following:
Maintaining the integrity of the core customer proposition – focus on meeting customer needs, addressing service and benchmarking customer experience against competitors.
Establish a personal connection – reaching the right person is consistently a primary bugbear among consumers. Automated and AI solutions have their place for routine enquiries, but customers want the facility to speak to an advisor for complex or high-priority issues.
Leadership commitment – without the right tone from the top, customer service will never be prioritised.
Developing skills and capabilities – combining digital solutions with skilled customer service practitioners and delivering these seamlessly.
Relevant engagement – customers often feel they are bombarded with marketing communications but are unable to make contact when they need advice. Providing relevant, practical and accurate advice helps customers make informed choices and get optimum benefit.
Prioritise complaints handling – consumers understand that mistakes happen. Companies can turn a negative into a positive by going the extra mile to resolve complaints quickly and effectively.
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