We surveyed more than 200 large companies and found an abundance of Customer Experience (CX) ambition and activity. Most companies have a CX executive leading the charge, significant CX activities being coordinated by a central team, and a staff of six to 10 full-time CX professionals. Using Temkin Group’s CX competency assessment, we found that only six percent of companies have reached the highest two levels of customer experience maturity as firms struggle the most to master Employee Engagement and Compelling Brand Values. When compared with CX Laggards, CX Leaders have stronger financial results, more CX ambition, more CX leadership, and they are more successful with their employee engagement efforts. Executives in companies with stronger CX competencies also focus more on delighting customers and less on cutting costs.
Here are some of the findings from the research:
- While only eight percent of companies believe that they are leading their industries in CX today, 62% have goals to be the best within three years
- Sixty-one percent of respondents have a senior executive in charge of the company’s overall CX efforts and 71% have a centralized CX group
- The median firm in our study has six to 10 full time CX employees
- Seven out of ten respondents identified “other competing priorities” as a significant obstacle to their CX efforts
- Only six percent of the companies that completed our CX Competency and Maturity Assessment have made it to the top two levels of maturity, Align and Embed
- We compared companies with leading CX efforts with other firms and found that they have better financial performance, more centralized CX activities, better employee engagement, stronger employee engagement, and more management attention to corporate culture