CX or Customer Experience is the sum of all interactions between a business and a consumer. Measuring the customer experience is an integral part of business growth. It allows you to understand who your customers are and what they want.

The three major industry-standard metrics for key performance indications (KPI) measurement in Loop are Net Promoter Score (NPS), Customer Satisfaction Score (CSAT), and Customer Effort Score (CES).

CSAT shows how satisfied customers are with a company’s products, services, customer support and brand.

Tracking CSAT Score helps measure multiple aspects (ie: food quality, check-in process, cleanliness, etc.) of the customer journey and helps to maintain a great customer experience.

A CSAT score is based on a scale of 1-5, where 1 equates to “Very Unsatisfied” and 5 equates to “Very Satisfied.” The more customers who provide a CSAT score of 4 “Satisfied” or 5 “Very Satisfied”, the greater the customer retention.

CSAT Score = [Number of satisfied customers (4 and 5 ratings) ÷ Number of survey responses] x 100

Visit our blog to learn more information about CSAT and why it is important for your business.

Net Promoter Score is a widely used market research metric that typically takes the form of a single survey question asking respondents to rate the likelihood that they would recommend a company, product, or service to a friend.

NPS is a great way to measure the loyalty of customers to a company.

Net Promoter Score is based on a 0-10 rating. It is calculated based on a score of -100 to 100. Anything lower than -1 indicates improvement is needed, 0 – 29 is good, 30 – 69 is considered great and 70+ is excellent.

NPS Score = [Number of Promoters (9 and 10 rating) ÷ Number of Detractors (0-6 rating)] x 100

Visit our CX Glossary to learn more information about NPS and how to improve your score.

CES measures how easy it is for a customer to obtain your product or service. It’s used to improve the quality of the experience and pinpoint areas of operational improvement.

CES is similar to CSAT based on a 1-5 scale, where 1 is “Very Difficult” and 5 “Very Easy”.

CSAT Score = (Sum of response scores) ÷ (Number of responses).

Check out our blog to understand what CX Metric is right for you!

If you would like to include any of these metrics in your survey, please reach out to support@benbria.com and we will do our best to help!