medallia benchmark 2017€¦ · medallia benchmark 2017 be there when your customers have something...

1
Unlock potential through frontline engagement Create a culture of innovation Copyright © 2017 Medallia, Inc. All rights reserved. Medallia is a registered trademark of Medallia, Inc. Net Promoter, Net Promoter Score, and NPS are registered trademarks of Bain & Company, Inc., Fred Reichheld, and Satmetrix Systems, Inc. Other names may be trademarks of their respective owners. For more information visit MEDALLIA.COM. Embracing customer feedback is good for business Medallia Benchmark 2017 Be there when your customers have something to say Unleash the power of every employee Medallia clients’ stock performance exceeds the S&P 500 TOTAL CUMULATIVE IN STOCK RETURNS % Medallia clients S&P 500 0% -40% 40% 80% 120% 2007 YEARS 2017 45 NPS 2012 2013 2014 48 50 51 Average NPS for companies with 5 years of data or more captured in Medallia 2015 2016 Average NPS for Medallia clients is growing 52 Companies that integrate feedback from 4+ channels have +14 NPS compared to those using 1 channel Customers who give feedback make referrals than those who don’t 3X more 4 years of data from companies using Medallia: Effects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.001 4 years of data from companies using Medallia: Effects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.001 Data from companies using Medallia in 2016: Compares 75% alert closure rate or above to less than 50%; effects controlling for industry, survey program type (transactional vs. relationship), and primary business audience (B2B vs. B2C); p=0.001 4 years of data from companies using Medallia: Effects controlling for who closes the loop (frontline vs. dedicated team), industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.02 4 years of data from companies using Medallia: Effects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.02 Data from over 1,000 locations predicting year-over-year sales volume; comparing locations where 20+ employees vs. 5 or fewer access Medallia; controls include total # employees and past sales volume Average % mobile DAU for companies using Medallia mobile; additional metrics sourced from Mobile Action and Facebook Annual Report Companies that use both Medallia’s AskNow and Text Analytics compared to those that use neither; effects controlling for industry, survey program type (transactional vs. relationship), and primary business audience (B2B vs. B2C); p<0.1 Frontline employee panel study by Medallia Institute; compares review of feedback daily or weekly vs. never; p<0.001 RESPOND NPS is higher for companies giving more employees access to customer feedback 36% of Medallia mobile app users log in daily Companies that consistently resolve customer alerts have compared to those +8 NPS that do so less frequently when companies provide training on how to close the loop with customers +13 NPS 40 35 1-250 2000+ NPS Number of Medallia Users 45 NPS 5 15% Sales increase by when more employees have access to customer feedback 15% 23% 29% 36% 65% likely to recommend their workplace when they review feedback regularly Employees are 22% more Companies that use customer verbatims to create and test new ideas outperform by +10 NPS

Upload: others

Post on 09-Apr-2020

4 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Medallia Benchmark 2017€¦ · Medallia Benchmark 2017 Be there when your customers have something to say Unleash the power of every employee Medall ia clients’ stock perfor mance

Unlock potential through frontline engagement

Create a culture of innovation

Copyright © 2017 Medallia, Inc. All rights reserved. Medallia is a registered trademark of Medallia, Inc. Net Promoter, Net Promoter Score, and NPS are registered trademarks of Bain & Company, Inc., Fred Reichheld, and Satmetrix Systems, Inc. Other names may be trademarks of their respective owners.

For more information visit MEDALLIA.COM.

Embracing customer feedback is good for business

Medallia Benchmark 2017

Be there when your customers have something to say

Unleash the power of every employee

M e d a l l i a c l ie n t s ’ s to ck p e r f o rm anceexce e d s t he S & P 5 0 0

TOTA

L C

UM

ULA

TIV

E IN

STO

CK

RE

TU

RN

S %

Medallia clients S&P 500

0%

-40%

40%

80%

120%

2007 YEARS 2017

45

NPS

2012 2013 2014

4850

51

Average NPS for companies with 5 years of data or more captured in Medallia

2015 2016

Ave ra g e N P S f o r M e d a l l i a c l ie n t s i s g row in g

52

Companies that integrate feedback from 4+ channels have

+14 NPScompared to those using 1 channel

Customers who give feedback make

referrals than those who don’t

3X more

4 years of data from companies using Medallia: E�ects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.001

4 years of data from companies using Medallia: E�ects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.001

Data from companies using Medallia in 2016: Compares 75% alert closure rate or above to less than 50%; e�ects controlling for industry, survey program type (transactional vs. relationship), and primary business audience (B2B vs. B2C); p=0.001

4 years of data from companies using Medallia: E�ects controlling for who closes the loop (frontline vs. dedicated team), industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.02

4 years of data from companies using Medallia: E�ects controlling for industry, survey program type (transactional vs. relationship), primary business audience (B2B vs. B2C), call center vs. other, and # of employees at each company; p<0.02

Data from over 1,000 locations predicting year-over-year sales volume; comparing locations where 20+ employees vs. 5 or fewer access Medallia; controls include total # employees and past sales volume

Average % mobile DAU for companies using Medallia mobile; additional metrics sourced from Mobile Action and Facebook Annual Report

Companies that use both Medallia’s AskNow and Text Analytics compared to those that use neither; e�ects controlling for industry, survey program type (transactional vs. relationship), and primary business audience (B2B vs. B2C); p<0.1

Frontline employee panel study by Medallia Institute; compares review of feedback daily or weekly vs. never; p<0.001

RESPOND

NPS is higher for companies giving more employees access to customer feedback

36% of Medallia mobile app users log in daily

Companies that consistently resolve customer alerts have

compared to those +8 NPS

that do so less frequently

when

companies

provide training on how to close

the loop with customers

+13 NPS

40

351-250 2000+

NPS

Number of Medallia Users

45

NPS5 15%

Sales increase by

when more employees have access to customer feedback

15%

23%

29%

36%

65%likely to recommend their workplace when they review feedback regularly

Employees are

22% more

Companies that use customer verbatims to create and test

new ideas outperform by

+10 NPS