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KPI Library
Navigate your organization to excellence with 15,468 KPIs at your fingertips.




Why use the KPI Library?

Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

This vast range of KPIs across various industries and functions offers the flexibility to tailor Performance Management and Measurement to the unique aspects of your organization, ensuring more precise monitoring and management.

Each KPI in the KPI Library includes 12 attributes:

  • KPI definition
  • Potential business insights [?]
  • Measurement approach/process [?]
  • Standard formula [?]
  • Trend analysis [?]
  • Diagnostic questions [?]
  • Actionable tips [?]
  • Visualization suggestions [?]
  • Risk warnings [?]
  • Tools & technologies [?]
  • Integration points [?]
  • Change impact [?]
It is designed to enhance Strategic Decision Making and Performance Management for executives and business leaders. Our KPI Library serves as a resource for identifying, understanding, and maintaining relevant competitive performance metrics.

Need KPIs for a function not listed? Email us at support@flevy.com.


We have 45 KPIs on Customer Quality Feedback in our database. KPIs for Customer Quality Feedback are critical tools in measuring the effectiveness of customer service and identifying areas for improvement. They provide quantifiable data that can be tracked over time, allowing businesses to set benchmarks and monitor progress towards specific customer service goals.

By analyzing KPIs, organizations can gain insights into customer satisfaction levels, service responsiveness, and issue resolution efficiency. These metrics help pinpoint customer pain points and highlight opportunities to enhance the service experience. Furthermore, by consistently evaluating these KPIs, companies can align customer service performance with overall business objectives, ensuring that the voice of the customer influences strategic decisions and drives continual improvement in service delivery.

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$99/year
KPI Definition Business Insights [?] Measurement Approach Standard Formula
Average Problem Understanding Time

More Details

The average time it takes for a customer service agent to fully understand a customer's issue. Insight into the efficiency of support staff in diagnosing issues, which can pinpoint training needs or process improvements. Measures the time taken by support staff to understand the issue as reported by the customer. Average Time to Understand Issue = Total Time Taken to Understand All Issues / Number of Issues
Churn Rate Due to Quality Issues

More Details

The percentage of customers who leave due to quality-related issues. Helps identify the impact of quality problems on customer retention and the importance of addressing quality issues. Calculates the percentage of customers lost due to product or service quality issues. Number of Customers Lost Due to Quality Issues / Total Number of Customers at Start of Period * 100
Customer Complaints Rate

More Details

The rate of customer complaints due to quality issues. Reveals the extent of dissatisfaction and areas needing immediate attention for quality improvement. Measures the number of complaints received over a certain period relative to the total number of transactions or customers. Number of Complaints / Total Number of Transactions (or Customers) * 100
KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 45 KPIs under Customer Quality Feedback
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

Customer Contact Quality Score

More Details

A measure of the quality of customer contacts, including factors like tone, understanding, and helpfulness. Provides a measure of the quality of interactions customers have with the support team, indicating training and development opportunities. Based on factors such as resolution effectiveness, communication clarity, and customer satisfaction with each contact. Sum of Individual Contact Quality Scores / Total Number of Contacts
Customer Dispute Resolution Efficiency

More Details

The efficiency of resolving disputes with customers, often measured in time or resource usage. Highlights the effectiveness and timeliness of the dispute resolution process, indicating areas for process optimization. Measures the percentage of customer disputes resolved within a predefined time frame. Number of Disputes Resolved Within Target Time / Total Number of Disputes * 100
Customer Effort Score (CES)

More Details

A measure of how much effort a customer has to put forth to get their issues resolved. Indicates how easy it is for customers to interact with a company, guiding improvements in customer experience. Asks customers to rate the ease of their experience with a product or service. Sum of Customer Effort Scores / Number of Responding Customers

In selecting the most appropriate Customer Quality Feedback KPIs from our KPI Library for your organizational situation, keep in mind the following guiding principles:

  • Relevance: Choose KPIs that are closely linked to your Customer Service objectives and Customer Quality Feedback-level goals. If a KPI doesn't give you insight into your business objectives, it might not be relevant.
  • Actionability: The best KPIs are those that provide data that you can act upon. If you can't change your strategy based on the KPI, it might not be practical.
  • Clarity: Ensure that each KPI is clear and understandable to all stakeholders. If people can't interpret the KPI easily, it won't be effective.
  • Timeliness: Select KPIs that provide timely data so that you can make decisions based on the most current information available.
  • Benchmarking: Choose KPIs that allow you to compare your Customer Quality Feedback performance against industry standards or competitors.
  • Data Quality: The KPIs should be based on reliable and accurate data. If the data quality is poor, the KPIs will be misleading.
  • Balance: It's important to have a balanced set of KPIs that cover different aspects of the organization—e.g. financial, customer, process, learning, and growth perspectives.
  • Review Cycle: Select KPIs that can be reviewed and revised regularly. As your organization and the external environment change, so too should your KPIs.

It is also important to remember that the only constant is change—strategies evolve, markets experience disruptions, and organizational environments also change over time. Thus, in an ever-evolving business landscape, what was relevant yesterday may not be today, and this principle applies directly to KPIs. We should follow these guiding principles to ensure our KPIs are maintained properly:

  • Scheduled Reviews: Establish a regular schedule (e.g. quarterly or biannually) for reviewing your Customer Quality Feedback KPIs. These reviews should be ingrained as a standard part of the business cycle, ensuring that KPIs are continually aligned with current business objectives and market conditions.
  • Inclusion of Cross-Functional Teams: Involve representatives from outside of Customer Quality Feedback in the review process. This ensures that the KPIs are examined from multiple perspectives, encompassing the full scope of the business and its environment. Diverse input can highlight unforeseen impacts or opportunities that might be overlooked by a single department.
  • Analysis of Historical Data Trends: During reviews, analyze historical data trends to determine the accuracy and relevance of each KPI. This analysis can reveal whether KPIs are consistently providing valuable insights and driving the intended actions, or if they have become outdated or less impactful.
  • Consideration of External Changes: Factor in external changes such as market shifts, economic fluctuations, technological advancements, and competitive landscape changes. KPIs must be dynamic enough to reflect these external factors, which can significantly influence business operations and strategy.
  • Alignment with Strategic Shifts: As organizational strategies evolve, evaluate the impact on Customer Service and Customer Quality Feedback. Consider whether the Customer Quality Feedback KPIs need to be adjusted to remain aligned with new directions. This may involve adding new Customer Quality Feedback KPIs, phasing out ones that are no longer relevant, or modifying existing ones to better reflect the current strategic focus.
  • Feedback Mechanisms: Implement a feedback mechanism where employees can report challenges and observations related to KPIs. Frontline insights are crucial as they can provide real-world feedback on the practicality and impact of KPIs.
  • Technology and Tools for Real-Time Analysis: Utilize advanced analytics tools and business intelligence software that can provide real-time data and predictive analytics. This technology aids in quicker identification of trends and potential areas for KPI adjustment.
  • Documentation and Communication: Ensure that any changes to the Customer Quality Feedback KPIs are well-documented and communicated across the organization. This maintains clarity and ensures that all team members are working towards the same objectives with a clear understanding of what needs to be measured and why.

By systematically reviewing and adjusting our Customer Quality Feedback KPIs, we can ensure that your organization's decision-making is always supported by the most relevant and actionable data, keeping the organization agile and aligned with its evolving strategic objectives.

KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 45 KPIs under Customer Quality Feedback
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.




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