3C Contact Services Responds to Study: Poor Customer Service Costs Over $100 Billion/Year

3C Contact Services (3CContactServices.com), North America’s premier cost-effective provider of contact center solutions for small- and medium-sized businesses, is weighing in on a recent study that shows that customer service inefficiencies cost Americans more than $100 billion annually.

According to a recent study, customer service inefficiencies could be costing Americans $108 billion annually, with individuals losing more than $750 each. Businesses stand to suffer the most; dealing with inefficient customer service translates into a year productivity loss of $900 per employee. In total, this costs American businesses approximately $130 billion per year. (Source: “What’s the Cost of Customer Service Frustration?” ClockSoftware.com, July 15, 2014; http://blogs.clicksoftware.com/clickipedia/whats-the-cost-of-customer-service-frustration/?utm_source=PR_customer_survey.)

“The survey found that employed Americans lose 30.8 potential work hours per year waiting for service industry responses. And U.S. businesses take an even bigger hit; human capital costs a company 20% more than an employee’s base salary,” says Rick Johnson, president of 3C Contact Services. “Poor customer service is costing Americans billions, and brands that equip and empower their workforce with the proper tools to handle customer needs will have a strong competitive advantage.”

Johnson explains that the survey findings show customers demand first-rate service; they do not want to pay extra for it and more than a third say they will stop dealing with a business if they don’t get it. Customer service is often the first impression a client gets about a brand, so a bad customer service experience can ruin a company’s reputation and negatively impact its bottom line.

The study also found that satisfied customers help improve retention and drive profitability. In fact, brands that reached at least a 90% customer satisfaction rate achieved annual 6.1% growth in service revenue, 3.7% growth in overall revenue, and an 89% level of customer retention.

“Where it comes to customer satisfaction and quality assurance, customer service companies strive for a score between 90% and 95%, but 3C Contact Services exceeds these standards with a score of 97%,” Johnson concludes. “For our customers, this difference has translated into significantly improved client retention and customer satisfaction rates.”

3C Contact Services provides its clients with top-quality, best-of-class outsourced contact center services. 3C Contact Services’ customizable solutions allow companies to increase profitability while increasing market share and business intelligence and maximizing customer relationships. Specializing in customer retention strategies, 3C Contact Services has a dedicated and well-trained team of customer support specialists who provide excellent service that is delivered consistently and in a timely and cost-effective manner. To learn more about 3C Contact Services, visit the company’s web site at www.3CContactServices.com or contact 3C Contact Services at 1-888-353-2335 or via e-mail at r.johnson@3ccontactservices.com.