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CX Filipinas, Inc. (CXFilipinas) is the champion of Customer Engagement Management (CEM) in the Phil
Disabled travelers are experiencing hostility, anxiety, and humiliation from the TSA agents and customer service treatment with them. Wheelchairs broken in transit, airport escorts who never show up, children with autism separated from their parents at security gates and pat-downs that felt like sexual assaults are the most common complaints.
https://www.npr.org/2021/11/09/1049814332/despite-calls-to-improve-air-travel-is-still-a-nightmare-for-many-with-disabilit
Despite calls to improve, air travel is still a nightmare for many with disabilities Congress told the Transportation Security Administration and airlines in 2018 to improve air travel for people with disabilities. But TSA data and stories from flyers suggest little has improved.
80% of new customers are after brands that are easier to do business with, make them feel more valued, and appreciate them as people. Organizations with the best CX proactively identify and resolve customer issues, rather than waiting for them to tell you. They also use customer personas (a fictional character created to represent a user type that might use a site, brand, or product in a similar way) and journey maps to their advantage.
https://www.cmswire.com/customer-experience/3-ways-to-center-your-business-around-customer-experience/
Make Customer Experience the Center of Your Business Operations For customers, the experience your brand offers is just as important as the product.
Customer retention can increase profits by 25% to 95% according to research. Consumers of today want a more holistic view of their financial information, more control over their finances, more product choice, higher personalization, and data protection. BaaS or "Backend-as-a-Service" has been increasingly utilized to cater to the personalized needs of bank customers which some cleverly turned into "Banking-as-a-Service."
https://www.finextra.com/the-long-read/292/utilising-banking-as-a-service-for-personalised-propositions
Photo credit: M2P Fintech blog, "Banking As A Service-Redefining Financial Services" | Medium.com
Supply chains worldwide are buckling under the COVID19 pressure. While other retailers will absorb the impact of the supply chain crisis, 59% of them will be passing the burden to the consumers by increasing the prices. There will be fewer sales and promotions as well this holiday season.
https://www.retailcustomerexperience.com/news/retail-leaders-supply-chain-will-spike-prices-cause-product-shortage/
Retail leaders: Supply chain will spike prices, cause product shortage Every retail leader polled in a First Insight survey expects supply chain disruptions to affect prices, promotions and sales, according to a press release. The survey was conducted by First Insight and the Baker Retailing Center at the Wharton Schoolโฆ
As of date, a vaccine mandate is yet to be imposed on the Philippine labor force. But high officials are considering it and some even pushing it to take place.
At a time where the attrition rate is at its highest in America, many wonder if the vaccine mandate can make matters worse. On the contrary, increasing numbers of employees would prefer to work for a company with such health and safety measurements in place. How is vaccine mandate related to strengthening employee engagement?
https://www.triplepundit.com/story/2021/vaccine-mandates-employee-engagement/729861
Vaccine Mandates: An Employee Engagement Tool? A recent survey has suggested that vaccine mandates could be one way for employees to score trust engagement and loyalty from employees.
Happy Friday, everyone!๐ฅฐ Last Tuesday, October 5, 2021, we celebrated the Global Customer Experience Day. ๐ Every first Tuesday of October is established by the CXPA - Customer Experience Professionals Association as the Global CX Day and has been officially acknowledged by the US Congress!๐
But we at CXFilipinas believe that every day should be CX Day! ๐โค๏ธ
Championing CX often means proving its value and fighting to get people on board." These 50 fresh stats can help you strengthen your resolve to keep pursuing CX interests for your organization such as Forrester's study shows that customers are 2.7 times more likely to spend more when companies communicate clearly, or that 90% of B2B buyers will turn to a competitor if a supplierโs digital channel canโt keep up with their needs according to Avionos research.
https://www.forbes.com/sites/blakemorgan/2021/10/04/celebrate-cx-day-with-50-fresh-stats-that-prove-the-value-of-cx/
Celebrate CX Day With 50 Fresh Stats That Prove The Value Of CX Companies and customers have faced unimaginable changes and challenges over the past two years and made customer experience more crucial than ever before. To celebrate CX Day and the importance of CX in all companies, here are 50 fresh statistics that prove the value of CX.
E-commerce giants like Lazada and Shopee saw a โhuge uptickโ in sales of essential goods and hobbies-related items during the pandemic. At least 37% of the Philippinesโ digital service consumers were new to online services when the pandemic hit, but 95% of these consumers are expected to continue using online channels even when the pandemic will ever be over. What are the must-knows for a new online seller to hit the ground running?
bworldonline.com/in-navigating-e-commerce-new-online-sellers-need-help-too/
In navigating e-commerce, new online sellers need help too - BusinessWorld WITH mall shopping now a distant memory for many, how has the process of enticing customers to buy your wares changed in the e-commerce age?
One secret to withstanding the " " is to hire people other employers overlook. Bitwise Industries, for example, provides paid apprenticeships to marginalized communities and specifically "recruits workers from historically disenfranchised communities and systemic poverty." Nationwide Mortgage Bankers or NMB, on the other hand, has a different strategy: create roles for the people they want to hire, rather than finding people to fill pre-determined positions.
https://fortune.com/2021/08/09/best-small-medium-workplaces-2021-bitwise-great-resignation-recruitment-retention/
Why the Best Small and Medium Workplaces arenโt worried about the โGreat Resignationโ Many employers are facing a hiring crunchโa fight to find and retain talent as business picks up and job openings soar.
Since the start of the pandemic, 32% of Asia-Pacific consumers have reached out to business support via messaging for the first time, 50% of businesses offer messaging because it provides faster time-to-resolution, and 42% use it to provide 24-hour support. The B2C e-commerce platform SHEIN, for example, earned a 73% decrease in first-response reply time and a 50% increase in the number of Instagram messages customer service agents could respond to in one hour because of conversational support.
https://aithority.com/machine-learning/why-conversational-tech-is-transforming-the-customer-experience/
Why Conversational Tech is Transforming the Customer Experience Conversational experiences are just one part of creating an ongoing relationship with your customers, writes Zendesk's senior executive.
Due to the pandemic, more companies big and small became more conscious of their employees' health and mental wellness. But a new rigorous study by Harvard University and The University of Chicago revealed a surprising result that employee wellness programs neither make workers healthier nor save companies money.
https://www.inc.com/jessica-stillman/employee-wellness-programs-harvard-university-chicago.html
A New Study Suggests Employee Wellness Programs Are Pretty Much Useless Employee wellness programs neither make workers healthier nor save companies money, says new research out of Harvard and the University of Chicago.
In the , employees would want the flexibility of being more productive with a work-from-home setup but also want in-person interactions. "The 'hybrid' is emerging as an essential way of doing business going forward," says Desmond Dickerson, Director, Future of Work, Microsoft. Twitter also saw the advantage of offering remote work as a permanent setup as they can hire talents across the country or even internationally.
Are we looking at the for white-collar jobs in the Philippines?
https://www.youtube.com/watch?v=RC_PXR660l8
How a rise in remote employment may impact post-pandemic work life Unemployment claims dropped again Thursday, and this week may also bring a clearer picture of what's happening with the job market. As more Americans get vac...
"The COVID-19 pandemic has forever changed the way people access healthcare. Digital health and well-being solutions are at a distinct advantage over traditional programs when it comes to data collection, analysis, and action. Through the power of information and advanced data science, each employeeโs path can be personalized to drive the greatest potential participation and the highest level of success." - J. Kevin Porter, Employee Benefit News (EBN)
https://www.benefitnews.com/opinion/emerging-employee-benefit-trend-digital-health-and-well-being
Emerging employee benefit trend: Digital health and well-being Employees already spend more than a third of their waking hours on a device, so why not meet them where theyโre at by offering interactive, easy-to-access digital health and well-being options.
Did you know that 20% of work-from-home employees are said to be lost and battling through loneliness? Tracy Cote, Chief People Officer at Zenefits talks about how business owners can keep their remote workers engaged especially introverts.
https://www.youtube.com/watch?v=ul6rVSwg8Qs
How to Keep Remote Employees Connected during a Pandemic Tracy Cote, Chief People Officer at Zenefits, reveals quick tips on how small business owners can keep remote employees engaged to help improve employee rete...
Identifying and developing new organization leaders and managers who can replace previous key players when they leave, retire, or die should always be a prime priority for every company. But because of the unpredictability brought on by the pandemic, succession planning became even more critical.
What are the roles that require succession planning? How do you chart success for high potential employees? Read on to find out.
https://www.hrexchangenetwork.com/hr-talent-management/articles/succession-planning-in-the-new-normal-preparing-for-a-changing-workforce
Succession Planning in the New Normal: HR's Guide to Evolving the Workforce Succession planning may seem like a luxury at a time like this, but it's the uncertainty of futures that should make succession planning a top priority for every HR team in 2020 and beyond.
How can VUCA (Volatility, Uncertainty, Complexity and Ambiguity) of the late 1990s be resolved by the VUCA Prime of 2007 (Vision, Understanding, Clarity, Agility) in the business world? Can the VUCA leadership skills and strategies help to provide meaningful Customer Experience and Employee Experience at this crucial time of the pandemic?
Read on to know the interesting take of Mary Jane Valero PhD, a seasoned organizational leader and CX and EX specialist.
https://www.linkedin.com/pulse/using-vuca-prime-reshape-customer-employee-new-normal-valero-phd/?trackingId=kqUCJYB9R1KrmIMVYIDTDQ%3D%3D
Using VUCA Prime to Reshape Customer and Employee Experiences in the New Normal | by Mary Jane Valero PhD | LinkedIn Published: March 1, 2021. Five years ago, I was invited by a retail and distribution company to talk about VUCA in the context of Customer Experience (CX) in their annual national conference. I remember being so passionate about the topic that I even did a mystery shopping series, weeks before my ta...
Love ordering food online? Or want to start up a food business but does not have funds to build your store? The latest trend in the food industry is what they call "ghost kitchen" (aka dark kitchen, virtual kitchen, or cloud kitchen), a cooking facility that produces food for delivery but has no dining area for customers.
Despite the COVID19 restrictions, this method allows small businesses to start with a small investment and lesser risks. Is it worth a try in your area?
https://www.youtube.com/watch?v=_Dt4biV7pto
How Covid-19 Accelerated The Rise Of Ghost Kitchens Ghost kitchens are kitchens designed for delivery-only businesses, without dine-in areas or customer facing storefronts. The pandemic has ravaged dine-in eat...
As we continue to navigate through the this 2021, most employees and other members of the workforce still have to battle it out in everyday transport. What are the best ways to protect yourself and others when commuting via public utility vehicles or ride-hailing services?
https://www.youtube.com/watch?v=M6CfIrpARXE
Transportation best practices during Covid-19 Best Transportation practices during COVID-19
In 2021, "more businesses will become platform-driven digital business and use of these technologies will continue to rise."
Automation will:
- Automate routine, repetitive, predictable tasks
- Unlock tactical benefits
- Strengthen operational efficiency
- Increase accuracy of platforms
- Improve user experiences across ecosystems
- Drive cost efficiencies and realignments
"In an increasingly uncertain future, businesses will continue to gravitate towards solutions that make them more resilient and agile."
financialexpress.com/industry/technology/looking-ahead-clouds-reign-to-continue/2170496/
Looking Ahead 2021: Cloudโs reign toย continue 2021 tech predictionsโ king cloud, IoT and the technologies of the new normal
Marks and Spencer, Dan Post Boot Company, and rue21 benefited in using "research and predictive analytics to both better deal with their shoppers and position their stores, products, and brands."
How can local retailers acquire and use customer experience data to generate sales?
https://www.forbes.com/sites/warrenshoulberg/2021/01/13/actionable-data-from-customer-experience-analytics-helping-retailers-to-get-better/?fbclid=IwAR38jwfsPcb60sjru5GspwlnWMhkrd6q3L_POVIYxv8bre5a7NDiEVZx74g&sh=452d19b51e3
Actionable Data From Customer Experience Analytics Helping Retailers To Get Better Rather than rely on after-the-fact customers surveys or other techniques more brands are analyzing experiences in buying, branding, products and even employee skills
A restaurant in Rome, Italy, Retrobottega, struggled without the influx of tourists during the pandemic. But they cleverly adapted their business model by focusing more on the locals and selling raw ingredients from local farms to customers that the restaurant actually uses in their food.
What can restaurants in the Philippines, especially those who use locally-grown ingredients, learn from them?
https://www.youtube.com/watch?v=ioApONGVDkw
How a restaurant survives without tourists during the coronavirus pandemic Like many Roman restaurants, Retrobottega adapted its business model during the coronavirus lockdown. Owner and chef, Giuseppe Lo Iudice, reflects on how the...
๐๐จ๐ง๐ง๐๐๐ญ๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐จ๐ง๐ญ๐๐๐ญ๐ฅ๐๐ฌ๐ฌ ๐๐๐ซ๐ฏ๐ข๐๐
Customers made difficult adjustments and decisions last year and most service providers tried their best to still connect with their best customers. This new year, as we continue to co-exist with the virus to survive and thrive โ we will definitely see the steady rise of competitive digital platforms and experience various forms of contactless service from major food and transportation providers.
Because of the current condition, excellent customer experience became more challenging as companies strive to strike a balance between hi-touch and hi-tech strategies. Here's a quick rundown of the most visible ones to customers:
ยท Since talking in enclosed areas is discouraged โ the majority would have signages and/or QR codes for instructions. Keen attention to branding and marketing merchandising materials is most essential.
ยท The visibility of frontliners and support personnel is another factor. The concept of uniforms has evolved as utility is now the keyword โ plus the perception of cleanliness. The use of the right face masks, face shields, and PPE-like garments are now the latest trends.
ยท Choice of protective barriers is critical too. Some prefer plastic while others use acrylic โ or even glass dividers. Aside from the impression of seriousness in ensuring safety โ this should be chosen carefully as it somehow gives customers an idea of the company's financial standing.
ยท Payment mechanisms should be a peak point of the customer's experience now. It should be fully digitized as much as possible to reduce contact โ and should be seamless too.
ยท The layout and seating capacity are given the most attention. It is telling of how organized and customer-focused a company is. On one hand โ it hopes to attract more foot traffic and on another โ it needs to ensure all customers feel safe while having their full experience. Reduction to 50% capacity is definitely a huge challenge for food and other service industries but it is doubly difficult for the transportation sector. This must be well-planned and well-executed.
These are just five of the most obvious strategies companies employ to remain connected with their customers. But the greatest measures of CX โ especially during this time โ would be in the human touch โ greeting, smiling, and thanking customers. When the instruction is contactless โ with less talk and with smiles hidden behind masks (only the projection of a happy-to-serve voice remains ๐) โ companies must exert more efforts to let customers feel that the experience they will get is safe, thorough, and thoughtful.
Given all these โ a new CX Charter of Standards โ regardless of company size and industry should be mapped. Digitizing while also humanizing the delivery of services is no longer a strategy to future-proof an organization. It is what companies need right now. It is how customers want to connect with their providers today.
Need assistance on your new CX Charter of Standards? CXFilipinas can help design and deploy what will define or redefine how you connect with old and new customers this year and beyond. Reach us out at [email protected].
The changing customer behavior impacted by COVID19 pushed the third-largest bank in the Netherlands, ABN AMRO, to enhance their financial advising ways through Microsoft Teams
What can local banks learn from them?
https://www.youtube.com/watch?v=fuua5TjPfKg
ABN AMRO differentiates its omnichannel customer experience using Microsoft Teams Headquartered in Amsterdam in the Netherlands, ABN AMROโs 17,800 employees serve retail, corporate, and private banking clients. ABN AMRO builds on its reput...
To adapt to the changing consumer behavior impacted by COVID19, Starbucks turned to contactless service, closing 400 stores in high-risk areas and switching to 'To-go' and 'Pick-up Only' service. Starbucks also had its partners (employees) covered by willingly paying them as some of them had to stay home.
How can we adapt to the same business model with local businesses and organizations?
https://www.youtube.com/watch?v=l3TFkPSXEOQ&t=141s
How Starbucks is adjusting to life and business with COVID-19 Last week Starbucks announced it would be closing up to 400 stores in the U-S and Canada over the next 18 months. At the same time, they're also shifting...
With all the news on job layoffs, retrenchments, job cuts and company closing down, sharing where to find the next opportunity is a big help.
If you know someone with skills matching the description below, tag/mention them, or if you yourself are interested, shout it out in the comment section so we can connect them to the companies in need of these talents.
Zappos, an American online shoe and clothing retailer, is known for their unique yet fun company culture and their relentless pursuit of giving memorable customer experiences. What can we learn from their best practices and their simple motto: "to live and deliver WOW"?
Zappos.com
Zappos Insights
https://www.youtube.com/watch?v=ecb8n4uupus
The Zappos Brand & Customer Service Spotlight | Zappos Stories The telephone was invented by Alexander Graham Bell on March 10, 1876. The first conversation was probably less than 10 seconds long. He said to his assistan...
๐ ๐๐ญ๐๐ฉ๐ฌ ๐ญ๐จ ๐๐๐ง๐๐ ๐ ๐๐๐ง๐ฉ๐จ๐ฐ๐๐ซ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ง๐ข๐ฆ๐๐ฅ ๐๐ข๐ฌ๐ซ๐ฎ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ
By Mary Jane Valero PhD
After eight months of being miserable (or extremely challenged) because of the pandemic โ all businesses are now busy with planning sessions for 2021. Thing is, even the smartest folks can't predict what is going to happen next year or the years after. Everybody is on a waiting game for the vaccine which we all hope will allow us to at least enjoy some of the old normal ways of being and doing.
We are approaching the last month of 2020! The year is almost over โ or for some, it is officially over as CFOs have already made projections of the yearend net income. But how about the 2021 forecasts?
If you are running, managing, or leading a business โ what will you do? Fold up? Minimize locations? Focus on specialized segments? Digitize? Or combine all of these plus other strategies? Majority of business decision-makers would declare the need to significantly reduce operational expenses since the outlook is not too positive. But what do we actually reduce? Expenses on utilities? On rent? On office equipment and supplies? The most visible โ with highest returns on cost savings is definitely what is dreaded by all businesses โ reduction in manpower.
The biggest question โ also the most difficult to answer is โ who will the company let go? How do we identify the employees to forego? Should it be based on tenure โ i.e. last in, first out or the other way around? On performance? On location? On position? On rank? On salary grade? And another โ what to do with sick employees? This dilemma is upon all CEOs and HR heads!
Indeed, a very daunting task. Balance between company (its business) and compassion (for affected employees), fairness and future, survival and sustainability. And as I reflect on this โ I remember the game of โpick up sticksโ. The rule of the game is that no player should touch, move โ or disrupt other sticks when trying to pick up one. It is quite simple but it needs a good strategy. When talking about manpower reduction โ all efforts to โpick up stick/sโ should be like that โ with zero to minimal disruptions. Which would we choose then โ redundancy, retrenchment, or early retirement? In our context, we always aim for voluntary separations to avoid labor disputes later, which could be more expensive.
Simple rule and goal one might say. But the hard work really is on the strategy to avoid the disruptions. As an HR Head myself โ who not only need to reflect but make this a reality, these are the important considerations โ which fall under an overarching strategy of profiling the entire organization โ an exercise that should be done regularly.
๐. ๐๐๐ญ ๐ ๐ญ๐๐ซ๐ ๐๐ญ โ ๐๐ซ๐ญ๐ข๐๐ฎ๐ฅ๐๐ญ๐ ๐ญ๐ก๐ ๐ง๐ฎ๐ฆ๐๐๐ซ ๐ญ๐จ ๐ค๐๐ฒ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง-๐ฆ๐๐ค๐๐ซ๐ฌ. How many people can you keep? What figure are you comfortable with โ considering the capacity of the organization based on the projected 2021 income.
๐. ๐๐ญ๐ฎ๐๐ฒ ๐ญ๐ก๐ ๐๐๐๐ฅ๐ ๐จ๐ ๐๐ซ๐ ๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง (๐๐) ๐จ๐ ๐๐๐๐ก ๐ ๐ซ๐จ๐ฎ๐ฉ/๐๐ข๐ฏ๐ข๐ฌ๐ข๐จ๐ง/๐๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ. Update Job Descriptions (JDs) based on new business priorities. Then identify the excess manpower of a team by reviewing tasks against JDs.
๐. ๐๐๐๐ง๐ญ๐ข๐๐ฒ ๐ญ๐ก๐ ๐ซ๐จ๐ฅ๐๐ฌ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐๐ญ ๐๐๐ง ๐๐ ๐จ๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐๐๐. Compare the costs, effect on operations and impact on overall service delivery โ especially if customer experience is a primary business strategy.
๐. ๐๐ฎ๐ง ๐ข๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง๐๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง ๐ญ๐๐ง๐ฎ๐ซ๐, ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐ซ๐๐ญ๐ข๐ง๐ ๐ฌ, ๐ง๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ ๐ฉ๐๐ซ ๐ญ๐๐๐ฆ, ๐๐ญ๐.Use these sets of data in analyzing which teams to merge, share, increase/decrease in capacity.
๐. ๐๐จ๐ง๐๐ฎ๐๐ญ ๐ญ๐ก๐๐ฌ๐ ๐๐๐๐จ๐ซ๐ญ๐ฌ ๐๐ฌ ๐ซ๐๐ ๐ฎ๐ฅ๐๐ซ๐ฅ๐ฒ ๐๐ฌ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ฅ๐. It could be monthly, quarterly โ or as often as there is significant information gathered. No business can definitely afford to just gather and review these evidences at the end of the year.
After doing these โ you will have a clearer picture of your organization. Often, when we rely only on productivity โ we may miss other important considerations. We could miss that there are actually vacancies which need not be filled; there are excess headcounts in other teams that can be upskilled and put elsewhere; there are duplicate functions in different teams; there are interim or temporary roles which should have been removed after automation projects went live; there are roles that are not fully optimized because of too much dependencies; and a lot more.
When you profile your organization comprehensively โ you will know and understand it better. You will be in a better position to communicate very clearly to your employees โ especially to those who will be affected by your manpower reduction initiatives. It will be easier to convince them that letting go of certain positions will help save and sustain the organization.
Of course, setting realistic timelines to accomplish all of these is critical as you need to inform different parties โ the employees concerned; the employeesโ union, if any; the governing Board; and the government regulators.
Again, when you look at your organizationโs โsticksโ with a bigger view โ you see how they are placed and you can pull out one, two, five, 10, 20 โ or more sticks with strategic moves that will allow you to have very minimal or no disruptions at all.
Despite the pandemic, Thai Airways set the best example of understanding their customers and responding and adapting according to their wants and needs.
https://www.youtube.com/watch?v=MsjWr3Dh3DM&feature=youtu.be
Thai Airways opens restaurant for customers craving in-flight meals Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube As Thailandโs ban on international commercial flights remains in place amid t...
๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐
๐๐๐๐๐
By Mary Jane Valero PhD
The quality of services of all companies significantly evolved โ either deliberately or by force โ to adapt to the changing demands of customers due to the COVID-19 pandemic. After almost a year, organizations are even more baffled on what to prioritize for next year or what to really plan for considering that the days and months ahead are quite uncertain.
The more critical concern now for companies is how they can survive, remain afloat, and eventually move towards sustainability. The strategy a company should formulate must address both external and internal customers; in essence, achieving a strong balance between CX and HR efforts.
The ๐พ๐๐๐๐๐๐๐๐ ๐๐ ๐ป๐๐
๐๐ therefore needs to strategize around these ๐๐๐ฌ in order to achieve Customer Engagement + Loyalty and Employee Engagement + Retention with the end goal of providing more visible and more concrete impact to the bottomline.
The first P corresponds to ๐๐๐๐
๐๐๐ which is the anchor for customer intimacy โ only those organizations which know their customers personally (i.e. intimately) โ their needs and wants will survive. Companies must identify who gives the biggest value to them by customizing a formula to compute for the customer lifetime value. With the use of real-time and existing personal and transactional data, spending patterns, complaints or feedback and social media interests, companies can deduce insights to better understand what they really value and what is significant to them.
By knowing the customers deeply, one can easily deliver more curated contents, products, and services. Same should be done on the HR side, knowing the employee lifetime value and historical and current performance levels could help people managers easily decide on placement, selection, rotation, compensation, and trainings.
The second P is ๐๐๐๐๐๐๐๐. After all that happened, companies have to go back to their mission and vision statements and key commitments to customers. They need to ask if they are still aligned to what is valuable to the customers now that their mindsets and perceptions have changed because of the pandemic. Companies have worked on assuring the physical safety of customers and employees; they also realized the value of virtual channels hence increased their resolve to strengthen digital security to retain and win more customers.
If โperception is realityโ in service โ customers must therefore have a recall of how a brand helped them through the COVID-19 crisis. Internally thru HR, companies must continuously align and realign teams on the need for support and manpower. Since the workforce has been profiled already (through the first P), HR can deploy and redeploy โ from the pool of talents to keep up with the brandโs service delivery promise.
The last P is ๐๐๐๐๐๐๐๐๐๐. Companies should anticipate the customerโs need rather than respond only through a feedback mechanism. Learning and understanding the patterns when customers reach the companyโs channels will help increase its commitment to being proactive. Gone are the days when companies apologize for delays in serving customers as they are on skeleton workforce onsite. There should be no more excuses especially now that people have more time to connect and complain. They also spend more time trying various channels plus โ their attention span is considerably shorter due to home confinement and limited activities. On the HR side, companies should try to save more jobs by assessing competency gaps of employees to perform the current need (i.e. essential functions) of the company and addressing these with appropriate trainings and job immersions.
After storming โ by responding to the threats and risks for both internal and external customers โโ companies should now move to norming thru the ๐๐๐ฌ (๐๐ซ๐จ๐๐ข๐ฅ๐, ๐๐๐ซ๐๐๐ข๐ฏ๐, ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ข๐ณ๐) โ towards ๐ฌ๐ญ๐๐๐ข๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง and eventually โ ๐ฌ๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ.
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3rd Floor, Salcedo One Center, 170 Salcedo Street, Legaspi Village
Makati, 1229
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