5 Ways Research Highlights The Value-Add Of Customer Relationship Management Skills

Every day, thousands of people search the internet looking for help better meet the needs of their customers.

Although some may claim that meeting customer needs must be the target objective of all companies.

Over the years I have found that research has supported a stance of building skills in this area as a great way for companies to be more successful and thus bolster their market position.

Ultimately, that’s also why we’re continually researching training solutions that help build customer relationship skills in the workplace.

Benefits Of Building Customer Relationship Management Skills In The Workplace

The desire of companies to meet customer needs is increasing.

At Oak Innovation, we suggest that customer relationship management skills, also known as client relationship management skills, are the skills required to build and maintain relationships with customers and clients to ensure that their needs are always met.

We hear this from customers looking for learning materials to present customer service training courses.

Companies who consistently demand these skills also recognise that the hallmark of customer relationship management skills includes:

  • Effective communication.
  • Strong negotiation skills.
  • Empathy.
  • Self-motivation.
  • Business awareness skills.

Why Are Customer Relationship Management Skills Essential?

To highlight the value-add of customer relationship management skills in the workplace, I’ve collated some key findings.

To illustrate:

  • Since I’m focusing on customer relationship management skills, your starting point is an overview of the current market. For example, Fortune Business insights estimate that the global market for customer relationship management is valued at $52.64 billion. I’ll assume that to anyone that figure is staggering.
  • Now that we’ve covered the market size, customer satisfaction opportunities should be pretty straightforward. For example, Capterra demonstrated that 47% of users say CRM improves customer satisfaction.
  • You knew these figures would be impacted by the pandemic, right? Well, it’s not surprising that Salesforce suggests that the pandemic accelerated the demand for effective CRM. That’s a substantial opportunity for improvements to be secured.
  • If you’re ready to put you’ll need to dig a little deeper into current research. For example, Grand Review Research reveals that 91% of companies with 10 or more employees use a CRM to manage their conversations with customers. And, this research also identified that 82% of organizations use CRM for sales reporting.
  • You might be wondering why I’m concentrating on opportunities. And when you’ve been doing this as long as we have, you’re going to discover the value of CRM tools. For example, LinkedIn report that 64% of companies say CRM tools are impactful or very impactful.

Of course, it’s natural to get excited about the possibilities of developing customer relationship management skills in the workplace. And, growing evidence also highlights the key reasons why these skills are essential.

To illustrate:

  • Fostering customer relationship management skills enables individuals to appreciate the importance of customers in the workplace.
  • Individuals will possess an increased capacity to cope with various types of change. And respond more positively to adversity and challenges in their roles.
  • Individuals will develop a greater sense of control, improved self-esteem, and purpose contributing to positive mental health and wellbeing.
  • Building a workforce with strong customer relationship management skills also promotes heightened job satisfaction, increased productivity, improved workplace performance and greater organizational commitment.
  • The organization will also benefit from greater team cohesiveness, lower conflict levels, reduced absenteeism, and improved organizational culture.