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Golden Goose

52% of consumers expect better brand engagement, despite improved response times from bank, telco and retail brands

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There is a growing perception gap between the experiences consumers want and those they actually receive when engaging with brands, telcos, banks and retailer.

According to data from cloud comms platform provider Twilio more than half (52%) of consumers still want better engagement from the brands they interact with – despite many industries delivering improved response times during the course of the pandemic.

To gather industry perception and engagement statistics, social listening was conducted for 98 UK brands on Twitter, taking data from both July 2020 and July 2021, while 2,000+ consumers were surveyed in September 2021.

The perception gap: brand reality verses customer expectations

With the rapid move from in-person to online interaction in March 2020, the ways in which people interacted with brands underwent a massive change. How brands interacted with their customers in this new world was very much under the spotlight and continues to be in 2021.

However, the analysis shows that brand and consumer perception of what equates to ‘good’ is very different.

For example, whilst speed of response was selected by the highest proportion (23%) of consumers as the most important indicator of ‘good’ customer engagement, the best performing industries in this area did not deliver what consumers perceived as the ‘best’ at customer engagement.

The top industries in which brands improved their response times on social channels were (July 2020 to July 2021):

  1. Consumer banking: improved by 60% (from 259 minutes in July 2020 to 103 minutes in July 2021).
  2. Telcos: cut down average response times by 50% (from 306 minutes in July 2020 to 153 minutes in July 2021).
  3. Retail brands: improved by 29% (from 397 minutes in July 2020 to 283 minutes in July 2021).
  4. By comparison, other industries were only able to improve their response times by 1-12% over the last year (see Figure 1).

Figure 1: Comparison data from social listening analysis of the Twitter feeds of 98 brands for July 2020 and July 2021 

Yet, the consumer perception survey paints a slightly different picture of which industries consumers think are the best at customer engagement (see Figure 2):

  • The seemingly good: scores from the consumer research from both years indicate that supermarkets and retail banks were best at customer engagement, with 62% and 41% of respondents ranking these verticals in their top three respectively for 2020; 54% and 37% for 2021.
  • And the bad: hotel, airline and telecom companies scored much lower in comparison, with just 3% (hotels), 2% (airlines) and 3% (telecoms), considering these industries as the best at customer engagement in 2020 and a similar story in 2021.

Figure 2: Data taken from Walnut Unlimited research conducted in September 2021 and social listening analysis of 98 brands in July 2021

If speed of response is a key indicator of ‘good’ customer engagement, then there is likely an expectation of an alignment between brand reality and consumer perception. It is therefore apparent that speed of response is just one element that consumers look for when judging a brand and that this alone won’t drive positive customer engagement.

Dissecting the disconnect: what makes great customer engagement

With consumers not satisfied by improved speed of response alone, it raises the question: what makes great customer engagement? The research revealed that more is needed to achieve overall excellent customer engagement.

Other highly valued qualities included consistent query handling with one point of contact (15%), customers feeling understood and listened to (10%) and being offered their preferred method of communication (10%).

Over half of consumer respondents (52%) also expressed a change in their expectations for how brands should communicate over the pandemic, including voicing greater demand for flexibility (18%) and more empathy in communications (12%).

David Parry-Jones, senior vice president, EMEA at Twilio comments: “Today, every customer interaction counts. While speed of response plays a part in good customer engagement, today’s consumers have high expectations across the board: they also expect flexibility, consistency and the ability to pick up a conversation where they left off.”

Parry-Jones concludes: “With an ever-increasing number of digital touch points, businesses are presented with a goldmine of customer insights. Ultimately those who win when it comes to customer engagement will be those who leverage this first party data to create truly personalised experiences that reflect customers’ needs.”

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