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Experience · 15 March 2024

EX Boosts CX Success

Companies pour everything into customer experience while ignoring employee experience and Salesforce puts the cost of that at up to 50% of revenue growth.

By Simon Funding · 2 min read

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In today’s world, making customers happy is everything for a business. But here’s the thing: while companies are going all-in on crafting those moments for customers, they’re missing a big piece of the puzzle: how their employees feel and experience their own work life.

Think of Employee Experience (EX) as the behind-the-scenes journey an employee goes on with a company, from the moment they think about applying to the day they say goodbye. How employees feel at work has a massive impact on the experience they can create for customers. Despite that, EX often ends up in the shadows.

The undervalued asset

Imagine a restaurant that looks amazing and promises the best dining experience. If the chefs and waitstaff are unhappy, overworked and just not feeling it, chances are the food and service will be lacklustre. That is exactly what is happening in many companies. They forget that the backbone of an incredible customer experience is their employees.

Rebecca Zucker in Forbes puts it well when she describes “the direct link between happy employees and happy customers”. It is a domino effect. When employees feel good about where they work, they pass that on to customers.

This oversight isn’t a small hiccup, it is a massive missed opportunity. Happy employees don’t just stay longer, they go the extra mile because they believe in what they are doing.

The economic impact of ignoring EX

There is a report from Salesforce that puts it bluntly: companies can miss out on 50% revenue growth when overlooking employee experience. Ignoring EX doesn’t just hurt feelings, it hits the wallet.

Why does skipping EX cost so much? Ripple effects. First, retention. If your workplace feels more like a chore than a career, people start looking for the exit, and you spend heavily hiring and training replacements who then also leave.

But engaged employees aren’t just staying longer, they are also working smarter. That boost in productivity means better products, services and customer interactions, which leads to loyal customers who come back and tell others.

The future of employee and customer experience

The intersection of EX and CX is where the interesting work is. As businesses come to understand that happy employees lead to happy customers, we are seeing shifts in both technology and workplace culture.

CRM systems are the unsung heroes here. They bridge the gap by giving employees the tools to understand and serve customers better. Imagine a CRM that doesn’t just hold customer data but offers insights and recommendations on how to personalise an interaction. That empowers employees, making their jobs easier and more fulfilling.

As remote and hybrid work becomes normal, the challenge of maintaining culture and engagement grows too. And with more AI and ML integrated into CRM systems, employees’ roles become more strategic and impactful.

Conclusion

The future of EX and CX is intertwined. As companies invest in these areas they are not just betting on software, they are investing in their people and their customers.

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