More Than a Feeling—How Bank Culture Drives Profit [VIDEO]
Does bank culture really matter? Gallup tells us that if you have an average amount of disengagement, it will rob $3,400 from your bottom line for every $10,000 of...
In this episode, let’s master the service culture.
Let’s look at four unconventional strategies to propel your customer service from good to “WOW,” creating a service culture so extraordinary that people can’t help but talk about it and refer their friends.
Whether you think your bank’s customer service is already top-notch, struggles with consistency across branches, or suffers from embarrassing service failures, these ingenious techniques will shake things up, catapult your results, and establish an exceptional, sustainable service culture.
Strategy 1: Break the mold. Traditional service training programs can’t singlehandedly spark a customer service revolution. Go beyond standard training and embrace innovative approaches, incorporating organizational development principles and processes that ensure lasting change. Doing it right matters.
Strategy 2: Go all in with a fail-proof, high-impact rollout. Plan a massive, emotionally charged service culture rollout based on rock-solid organizational development principles. Make sure the plan includes mechanisms to not only achieve but also sustain stellar service standards.
Strategy 3: Supercharge phone standards – but choose your systems wisely. When rolling out phone standards, deploy systems that guarantee a jaw-dropping improvement in customer service scores (e.g., skyrocketing from 3.5 to 9.4 or higher within six weeks that is our 30-year median result). If you can’t promise such a meteoric rise, reconsider your rollout strategy to avoid perpetuating a “this too shall pass” culture.
Strategy 4: Zero in on other game-changing moments of truth. With phone service scores soaring, it’s time to tackle other pivotal moments in the customer experience. Apply the same groundbreaking process to elevate these scores, and crucially, keep them consistently sky-high. This will ensure your service reaches an unparalleled level that attracts the crème de la crème of clientele.
In a nutshell, the four unconventional strategies for electrifying your customer service are:
Strategy 1: Break free from traditional training methods.
Strategy 2: Launch a fail-proof, high-impact service culture rollout.
Strategy 3: Supercharge phone standards with the right systems.
Strategy 4: Transform other game-changing moments of truth and maintain stratospheric scores.
In our next episode, I’ll cover how to create a cultural transformation in a day. Hundreds of bank CEOs have said the same exact words, “It’s a miracle!” You won’t want to miss it.
– Roxanne Emmerich
Please watch the video above and share it with your exec team and board.
Does bank culture really matter? Gallup tells us that if you have an average amount of disengagement, it will rob $3,400 from your bottom line for every $10,000 of...
I've heard it a thousand times—a CEO will say to me, "I am so tired of lenders walking into my office and saying, 'Boss, I'm going to lose this deal unless we match the...
When everyone is competing for a scarce item, it becomes difficult unless you improve at it. This is exactly what we need to do with low-cost deposits. Let’s face it,...
I attended my first bank CEO conference several decades ago. You know what the theme was when people talked about cross-sales? They said, "My people are still order...
Sometimes, two different ideas seem to challenge each other. You've probably heard me say that everyone has a role in managing the culture of the organization. You've...
I don't care what your position is; you have a sales position. Why? Let's say you're out with other soccer moms, and somebody mentions they're planning on building a...
When I was working on my graduate studies in organizational development, I learned about the concept of learned helplessness. What I've discovered is that it’s a...
Ken Blanchard wrote several books years ago and conducted a research study. What he found was that the number one concern for business owners was the lack of people...
Do you feel good about yourself when you help other people? What if you could get your team excited about having your clients acquire all the products and services...
Whenever I do the Breakthrough Banking Blueprint Conference, I ask the question “Who here is in marketing”, and one or two hands go up. I ask again, “Who here is in...