With this year’s Hall of Shame customer service providers named, the question is: What makes customers give them such low marks?
MSN Money and JZ Analytics has compiled its annual list of companies with the lowest satisfaction ratings. At the top: Bank of America.
But it’s not the only bank on the list – three others join it. Two other industries crowd the top 10 list – cable providers and cell phone service providers.
Why do these industries perpetually provide poor service? (Most of them have been on the annual list prior to this year.) Experts agree:
- Limited competition. Because they don’t have to beat out other providers for customer loyalty, they don’t always try as hard.
- A slow economy. Many companies are in such a rush to gain new customers, they’ve failed to provide great service to current customers to keep them loyal.
Check out yesterday’s post on Customer Contact News for The Wall of Fame.
