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2 examples of Customer Service Representative metrics and KPIs

What are Customer Service Representative metrics?

Crafting the perfect Customer Service Representative metrics can feel overwhelming, particularly when you're juggling daily responsibilities. That's why we've put together a collection of examples to spark your inspiration.

Transfer these examples to your app of choice, or opt for Tability to help keep you on track.

Find Customer Service Representative metrics with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI metrics generator below to generate your own strategies.

Examples of Customer Service Representative metrics and KPIs

Metrics for Launching a New Product

  • 1. Customer Acquisition Rate

    Measures the number of new customers acquired within a specific period after the product launch, typically calculated as the percentage of new customers relative to total target audience

    What good looks like for this metric: 20-30%

    Ideas to improve this metric
    • Increase marketing efforts
    • Offer promotions or discounts
    • Enhance online presence
    • Use influencer partnerships
    • Optimise your sales funnel
  • 2. Customer Retention Rate

    Indicates the percentage of customers who continue to purchase your product after initial acquisition, calculated by dividing the number of repeat customers by the total number of customers

    What good looks like for this metric: 40-60%

    Ideas to improve this metric
    • Improve customer service
    • Introduce a loyalty programme
    • Regularly update the product
    • Solicit customer feedback
    • Follow up with customers
  • 3. Revenue Growth Rate

    Tracks the increase in revenue generated by the new product over a set period, usually expressed as a percentage

    What good looks like for this metric: 10-25%

    Ideas to improve this metric
    • Upsell and cross-sell
    • Expand into new markets
    • Increase marketing investment
    • Optimise pricing strategies
    • Refine product features based on feedback
  • 4. Market Penetration

    Measures the extent to which the new product is being adopted in the target market, calculated by the percentage of target market users purchasing the product

    What good looks like for this metric: 5-15%

    Ideas to improve this metric
    • Conduct market research
    • Adjust marketing messaging
    • Offer introductory offers
    • Establish strategic partnerships
    • Create compelling product demo and trials
  • 5. Customer Satisfaction Score

    Gauges customers' satisfaction with the new product, commonly measured using surveys and net promoter scores

    What good looks like for this metric: 70-85%

    Ideas to improve this metric
    • Enhance product quality
    • Improve customer support
    • Offer easy-to-find help resources
    • Regularly collect customer feedback
    • Implement suggested improvements

Metrics for Online Bank Account Opening

  • 1. Conversion Rate

    The percentage of visitors to your website who successfully open a bank account online.

    What good looks like for this metric: 5-15%

    Ideas to improve this metric
    • Simplify the online account opening process
    • Improve website speed
    • Enhance clarity of instructions
    • Offer live chat support
    • Test and refine user interface
  • 2. Application Completion Rate

    The percentage of users who start the application process and successfully complete it.

    What good looks like for this metric: Above 80%

    Ideas to improve this metric
    • Make forms shorter and simpler
    • Provide clear progress indicators
    • Reduce mandatory fields initially
    • Allow saving applications for later completion
    • Offer guidance and help during the process
  • 3. Time to Open Account

    The average time it takes for a customer to complete the online account opening process.

    What good looks like for this metric: Less than 10 minutes

    Ideas to improve this metric
    • Streamline verification processes
    • Automate document uploads
    • Use pre-filled forms where possible
    • Minimize user input requirements
    • Provide instant confirmation upon completion
  • 4. Abandonment Rate

    The percentage of users who start but do not complete the online account opening process.

    What good looks like for this metric: Less than 20%

    Ideas to improve this metric
    • Analyze drop-off points in the process
    • Simplify the user journey
    • Send reminders for incomplete applications
    • Offer incentives to complete applications
    • Enhance user experience with feedback opportunities
  • 5. Customer Satisfaction Score

    A measure of how satisfied customers are with the online account opening process, typically obtained through surveys.

    What good looks like for this metric: Above 80%

    Ideas to improve this metric
    • Conduct regular customer surveys
    • Act on feedback to improve processes
    • Ensure help resources are easily accessible
    • Provide tutorials or guides
    • Monitor customer service response times

Tracking your Customer Service Representative metrics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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