Filed under: Burlington Bloggers, business, Technology in business, Uncategorized
Found the following in the publication Pensions and Benefits… It is worth copying here!
Despite being less financially prepared for retirement, once retired, women are more likely to enjoy their retirement than men, says a report by the BMO Retirement Institute. It found women have traditionally faced unique challenges when planning for retirement that often result in a lower level of financial preparedness when compared to men. These include lower earnings ‒ women earn just 83 cents for every dollar earned by men and, therefore, tend to accumulate a smaller retirement nest egg; intermittent work histories ‒ women are more likely to interrupt their employment to act as family caregiver; and women are expected to live, on average, three years longer than men, putting a higher demand on household resources for basic living expenses and the need to pay for healthcare needs and long-term care. The report says women are succeeding because they are more likely to seek advice, are better at choosing an advisor, and are better able replace work with other activities.
Filed under: Burlington Bloggers, business, Customer retention, Customer Satisfaction, Customer Service, Increased sales, Marketing, Uncategorized
I found below the following article by Ron Kaufman, that has some very good insight – we need to all sit back and think if we are doing this…
People often ask, “What level of service should we strive to provide? Should we give ‘Unbelievable!’ service if our customers are not willing to pay for it?”
My answer is definitely no! You can measure customer service needs to set a reasonable level to provide.
Don’t go to the moon on service if your business model on the moon doesn’t work. No sense “serving yourself to death,” bending over backwards but going broke in the process.
You need to measure customer service costs to determine what level of service your business can provide, and match that with what your customers are willing to pay.
Take note: customers rarely put voluntary limits on their service expectations. That’s why making clear service agreements is so important to you…and your customers.
You must communicate clearly what you promise to provide, and what you are not promising, too! When you measure customer service make sure to set the limits and clearly define them to keep clients satisfied.
The manager of a local Internet Service Provider (ISP) approached me with this relevant complaint that demonstrates the need to measure customer service levels:
His staff go into customers’ homes and offices to install modems and communications software. They train their customers to access new e-mail accounts and surf the World Wide Web.
Before his staff can leave, however, office-based customers start asking about unrelated hardware compatibility, new software upgrades and suggestions on how to fix non-working printers!
Eager home-based customers insist on help installing new games and joysticks, debugging new versions of Windows, even assistance repairing their children’s Nintendo!
His staff’s explanation that, “We are just an Internet Service Provider, not a computer repair service,” seem to fall upon deaf ears. As far as his customers are concerned, “You are the computer people, and we have a computer problem. Now that you are in our home or office…fix it!”
One look at his brochure reveals the source of the problem and the need to measure customer service levels and clearly define them. It reads: “Enter the digital age! Modernize your life! Capture the computer advantage!”
Plenty of glittering encouragements to buy, but no clear and detailed listing of the actual service promise.
To eliminate the problem, this company must clarify and specify what services they do provide…and what services they do not after they measure customer service levels and determine their own parameters.
For example:
We provide A, B and C.
We do not provide X, Y or Z in the normal service package.
We can arrange X, Y and Z for you at an additional charge, or
We have associates who can do X, Y and Z. Reliable referrals are provided on request.
Key Learning Point To Measure Customer Service
Take the time to measure customer service value. Then be sure the service agreements you make with your customers and internal partners are complete and clear. Misunderstanding can lead to disappointment once delivery of your service is underway.
Action Steps To Measure Customer Service
Check with your customers and staff. Find out where misunderstanding and disagreements arise. Then look closely at your proposals, contracts and service level agreements. Wherever uncertainty is found, replace it with accuracy, clarity and understanding. Take the time to measure customer service value and define limits and misunderstandings are less likely to happen.
Note: Don’t use this principle to avoid regularly upgrading your service agreements. With technology you may improve the quality of your service without increasing your costs. (Your competitors are working on it now.)
Copyright, Ron Kaufman. Used with permission.Ron Kaufman is the world’s leading educator and motivator for upgrading customer service and uplifting service culture. He is author of the bestselling “UP! Your Service” books and founder of UP! Your Service.
