|
Our Expertise
|
Our focus
We spend significant time at
our work or think
about work-related issues. Outside of work, amongst other topics, we spend time on
product-related issues like food, transport, health, beauty, electronics, pets
and recreation.
The customer
Whether a person is an employee or the main purchaser
in a household, a customer focus lies at the core of ePsy Consultancy.
Your project focus may be on employees, consumers, or both. We talk
about the
latter as the employee-consumer link.
Loyal employees in the right jobs help grow key customer
relationships, which ultimately improve financial performance.
WalkerInformation
Inc. reports that Sears found in a recent study that a 5%
increase in employee satisfaction led to a 1.3% increase in customer
satisfaction, which increased same-store revenue by 0.5%, a solid difference to the bottom line.
Businesses can be characterized according to the strength
of their employee-consumer links.
|
The employee side
|
The consumer side
|
|
They attract employees who associate
with the kind of consumer they service
|
They attract consumers who associate
with the kind of employee who drives the business behind the
product or brand they buy.
|
|
They take longer to recruit, but
then retain those employees for longer than average.
|
They use less dramatic means to
acquire, but retain those consumers for much longer than
average.
|
|
They avoid layoffs and restructurings
as far as possible.
|
They create product or brand stability
and security for consumers.
|
|
They appoint outstanding employees, and create job descriptions around
their competence.
|
They tend to seek out high-value
consumers, and emphasize their product / brand benefits to
them.
|
|
They know their employees beyond
their skills and work-related experience.
|
They know their consumers beyond
their purchase behaviour.
|
|
They connect with
their employees by understanding their emotions and trusting
them.
|
They psychologically connect with
their consumers by demonstrating genuine care and concern.
|
|
They push employee replacement
costs, averaged at USD 30,000 per employee, towards investment
in customer loyalty management. Keeping 5-10 employees one year
longer pays back for this initiative.
|
They invest measured CLM success
in employee loyalty management. A small percentage of profit
increase as a result of successful CLM will go a long way for
ELM.
|
|
They nurture employee qualities
such as attentiveness, curiosity to learn and grow, detail orientation,
humour, obligation to commitment, dedication and passion, respect
of other’s space, discipline and consistency, positive impressing,
implementation ability, intelligence.
|
They cherish consumers who reveal
their experiences to be memorable, informative, contributing
to personal growth, up-to-date, good-feeling, well-served, personal,
exciting, respected, meeting expectations, approachable, continually
improving, deep.
|
Quality data
More data about customers are available than
what many businesses deal with meaningfully. More importantly, it is
not only about getting the most data, but also getting the most from
the data you gather about your customers. Also, spending time
to improve the quality of data will generate a good return on investment.
Sophistication
Top businesses understand the importance of expanding
their knowledge about their customers. Business leaders realize that
by being sophisticated in their knowledge of human behaviour, they can
optimize business performance, corporate revenue and ROI, while increasing
the satisfaction and loyalty of their customers.
Patterns into profit
The study of human behaviour lies at the heart of what
ePsy does best: Understanding what makes large groups of people act
in certain ways, and turning these patterns into profitability for businesses.
Researching the drivers behind human performance lies at the core of
our services.
ePsy marries data knowledge
with intelligence, leading to higher levels of insight and implementation.
We let strategy and differentiation take the lead over technology. We
use technology to define points of difference once we understand how
it fits into your business process.
|
|