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Industry Benchmark
5 min read

2023 NPS® Benchmarks for the B2B Services Industry

No items found.
B2B

B2B service providers place significant reliance on client satisfaction and service quality to both retain their clientele and stand out in a competitive landscape. Particularly during economic downturns and industry challenges, the significance of service quality and client satisfaction becomes even more pronounced in determining business success. This partially explains the widespread prioritization of customer experience (CX) by business leaders across various sectors in 2023.To gain a comprehensive understanding of your service's performance year after year, it is imperative to employ a feedback tool that not only collects valuable insights but also simplifies tracking. Moreover, you need a metric that facilitates straightforward comparison with your competitors' performance. This is where the Net Promoter Score® (NPS®) comes into play—a metric that gauges service quality and customer satisfaction. It stands as a leading indicator of revenue retention, growth prospects, and brand distinctiveness.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10).

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level. Each company can also drill down within their organization, including by lines of business, department or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

B2B Services NPS in 2023

ClearlyRated’s Annual Survey Benchmark Study includes an industry focus on General B2B Services NPS. In 2023, the B2B Services industry reported an NPS score of 39%, a decrease of 1 point from 2022 but an increase of 14 points since 2020. Many drivers of client satisfaction, such as thoroughly understanding client needs and taking a proactive approach to service, are also at record highs in the industry.

B2B Services Satisfaction – measured as NPS
B2B NPS Benchmark 2023 Bar Graph

Insights on 2023 Ratings

Although the B2B Services industry decreased their NPS in 2023, it is still one of the highest NPSs this industry has seen since 2018. For reference those wider NPS standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. As firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep up are likely to flounder. Click here to learn more about the NPS methodology.This presents a major opportunity for the B2B services industry that capitalizes on their NPS momentum (with the exception of their minor decrease the last couple years), continuing to improve their customer satisfaction and service. Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

How does your service stack up?

The extent to which your firm feels the effects of a slowing economy may depend on the quality of your CX. An NPS survey program can help you measure, track and improve both.If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
October 12, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the IT Services Industry

Industry Benchmarks
NPS
Net Promoter® Score
IT

Read on for the latest NPS® benchmarks for the IT Services industry. IT service providers, much like other B2B service firms, place significant reliance on client satisfaction and service quality to both retain their clientele and stand out in a competitive landscape. Particularly during economic downturns and industry challenges, the significance of service quality and client satisfaction becomes even more pronounced in determining business success. This partially explains the widespread prioritization of customer experience (CX) by business leaders across various sectors in 2023.To gain a comprehensive understanding of your service's performance year after year, it is imperative to employ a feedback tool that not only collects valuable insights but also simplifies tracking. Moreover, you need a metric that facilitates straightforward comparison with your competitors' performance. This is where the Net Promoter Score® (NPS®) comes into play—a metric that gauges service quality and customer satisfaction. It stands as a leading indicator of revenue retention, growth prospects, and brand distinctiveness.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10).

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level. Each company can also drill down within their organization, including by lines of business, department or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

IT Services NPS in 2023

ClearlyRated’s Annual Survey Benchmark Study includes an industry focus on IT Services NPS. In 2023, the IT Services industry reported an NPS score of 42%, a decrease of 2 points from 2022 but the same NPS as 2021. The NPS was at an all-time high for the IT Services industry in 2022 since ClearlyRated first measured industry satisfaction in 2011. Many drivers of IT Services client satisfaction, such as thoroughly understanding client needs and taking a proactive approach to service, are also at record highs in the industry.

IT Services Client Satisfaction – measured as NPS
IT Services NPS Benchmark Bar Graph 2023
Year-Over-Year IT Services Industry NPS
IT Services NPS Benchmark Year Over Year 2023

Insights on 2023 Ratings

Although the IT Services industry decreased their NPS in 2023, it is still one of the highest NPSs this industry has seen since 2011. When ClearlyRated first measured NPS, the IT services industry was at 13% and even decreased 2 points the next year. The industry saw a major increase in 2020 at 38% and has now been over 40%. For reference those wider NPS standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. As firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep up are likely to flounder. Click here to learn more about the NPS methodology.This presents a major opportunity for the IT services industry that capitalizes on their NPS momentum (with the exception of their minor decrease this year), continuing to improve their customer satisfaction and service. Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

How does your service stack up?

The extent to which your firm feels the effects of a slowing economy may depend on the quality of your CX. An NPS survey program can help you measure, track and improve both.If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
October 11, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the Legal Industry

Industry Benchmarks
NPS
Net Promoter® Score
Research/Data
Legal

Discover the latest NPS® benchmarks for the legal industry in ClearlyRated’s annual Industry Benchmark Study, which delves into emerging NPS trends within the legal field.

Law firms, much like other B2B service firms, place significant reliance on client satisfaction and service quality to both retain their clientele and stand out in a competitive landscape. Particularly during economic downturns and industry challenges, the significance of service quality and client satisfaction becomes even more pronounced in determining business success. This partially explains the widespread prioritization of customer experience (CX) by business leaders across various sectors in 2023.To gain a comprehensive understanding of your service's performance year after year, it is imperative to employ a feedback tool that not only collects valuable insights but also simplifies tracking. Moreover, you need a metric that facilitates straightforward comparison with your competitors' performance. This is where the Net Promoter Score® (NPS®) comes into play—a metric that gauges service quality and customer satisfaction. It stands as a leading indicator of revenue retention, growth prospects, and brand distinctiveness.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10).

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level. Each company can also drill down within their organization, including by lines of business, department or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

Legal Services NPS in 2023

ClearlyRated’s Annual Industry Benchmark Study includes an industry focus on the legal industry NPS. The 2023 legal industry NPS has increased 5 points from 2022 but decreased 5 points from 2021 landing at 37%. The legal NPS has shifted up and down consistently since 2011, the first year ClearlyRated measured industry satisfaction.

Legal Services Industry Satisfaction – measured as NPS
Legal NPS Benchmark Bar Graph 2023
Year-Over-Year Legal Industry NPS
Legal NPS Benchmark YOY Line Graph 2023

Insights on 2023 Ratings

The legal industry's NPS is down 5 percentage points from 2022, however it has historically had a higher NPS with the exception of 2016-2018 where the NPS was less than 25%. For reference those wider NPS standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. While the legal industry increased this year, it is still ripe for further progress. And as firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep are likely to flounder. Click here to learn more about the NPS methodology.Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

How Does Your Service Stack Up?

The extent to which your firm feels the effects of a slowing economy may depend on the quality of your CX. An NPS survey program can help you measure, track and improve both.If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
October 11, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the Insurance Industry

Industry Benchmarks
NPS
Net Promoter® Score
Insurance

Insurance providers, much like other B2B service firms, place significant reliance on client satisfaction and service quality to both retain their clientele and stand out in a competitive landscape. Particularly during economic downturns and industry challenges, the significance of service quality and client satisfaction becomes even more pronounced in determining business success. This partially explains the widespread prioritization of customer experience (CX) by business leaders across various sectors in 2023.To gain a comprehensive understanding of your service's performance year after year, it is imperative to employ a feedback tool that not only collects valuable insights but also simplifies tracking. Moreover, you need a metric that facilitates straightforward comparison with your competitors' performance. This is where the Net Promoter Score® (NPS®) comes into play—a metric that gauges service quality and customer satisfaction. It stands as a leading indicator of revenue retention, growth prospects, and brand distinctiveness.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10).

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level. Each company can also drill down within their organization, including by lines of business, department or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

Insurance NPS in 2023

ClearlyRated’s Annual Survey Benchmark Study includes an industry focus on the Insurance industry NPS. The 2023 insurance industry NPS has declined 6 points from 2022, landing at 36%. This decrease comes after last year's benchmark of 42%, which was the highest since ClearlyRated first measured industry satisfaction in 2011. While many drivers of insurance client satisfaction were at or above last year's levels, an increase in the number of Detractors (0-6 out of 10) led to an overall industry NPS decline.

Insurance Industry Satisfaction – measured as NPS
Insurance NPS Benchmark 2023 Bar Graph
Year-Over-Year Insurance Industry NPS
Insurance NPS Benchmarks Year over Year 2023

Insights on 2023 Ratings

The insurance industry's NPS is down 6 percentage points from 2022, however it is still one of the highest NPSs for this industry since 2011. For reference those wider NPS standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. While the Insurance industry improved this year, we hope this trend continues. And as firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep are likely to flounder. Click here to learn more about the NPS methodology.On the other hand, this presents a huge opportunity for the Insurance industry that capitalizes on their NPS momentum year over year (with the exception of 2023 and 2020), continuing to improve their customer satisfaction and service. Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

How does your service stack up?

The extent to which your firm feels the effects of a slowing economy may depend on the quality of your CX. An NPS survey program can help you measure, track and improve both.If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
October 10, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the HR Services Industry

No items found.
HR

HR service providers, much like other B2B service firms, place significant reliance on client satisfaction and service quality to both retain their clientele and stand out in a competitive landscape. Particularly during economic downturns and industry challenges, the significance of service quality and client satisfaction becomes even more pronounced in determining business success. This partially explains the widespread prioritization of customer experience (CX) by business leaders across various sectors in 2023.To gain a comprehensive understanding of your service's performance year after year, it is imperative to employ a feedback tool that not only collects valuable insights but also simplifies tracking. Moreover, you need a metric that facilitates straightforward comparison with your competitors' performance. This is where the Net Promoter Score® (NPS®) comes into play—a metric that gauges service quality and customer satisfaction. It stands as a leading indicator of revenue retention, growth prospects, and brand distinctiveness.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). NPS offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the HR services industry as a whole, across different provider types and practice areas (PEO, ASO, HRO, RPO, etc.) at the company-level, and even by client category.

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level. Each company can also drill down within their organization, including by lines of business, department or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

HR Services NPS in 2023

ClearlyRated’s Annual Survey Benchmark Study includes an industry focus on HR Services Client NPS—and it’s good news. In 2023, U.S. clients of the HR Services industry reported an NPS score of 46%, a year-over-year (YOY) increase of 9% and the highest NPS the industry has seen since we started benchmarking efforts in 2011. Many drivers of HR Services client satisfaction, such as thoroughly understanding client needs and taking a proactive approach to service, are also at record highs in the industry.

HR Services Client Satisfaction – measured as NPS
HR Services NPS Benchmarks Graph
Year-Over-Year HR Services Industry NPS
HR Services Line Graph Year Over Year

Insights on 2023 Ratings

We’re glad to see the HR Services industry increased their NPS in 2023, a 31 percentage point increase from 2020 and a 38 percentage point increase from 2018. This is a major improvement, especially within an industry that lags compared to global NPS standards. For reference those wider NPS standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. While the HR Services industry improved this year, it is still ripe for further progress. And as firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep are likely to flounder. Click here to learn more about the NPS methodology.On the other hand, this presents a huge opportunity for the HR services industry that capitalizes on their NPS momentum, continuing to improve their customer satisfaction and service. Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

How does your service stack up?

The extent to which your firm feels the effects of a slowing economy may depend on the quality of your CX. An NPS survey program can help you measure, track and improve both.If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
October 10, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the Staffing Industry

No items found.
Staffing

While the staffing industry grew like gangbusters in 2021 and 2022, this year’s numbers and remaining projections reveal a slowdown with declining overall revenue. During economic lulls like this one, service quality and client satisfaction grow even more essential to maintaining business success. In fact, business leaders across sectors identified customer experience (CX) as a top priority in 2023. To understand how your service measures up year over year, you need a feedback tool that gathers insights and simplifies tracking—and gives you a metric that can be easily compared with your competition’s performance. Enter the Net Promoter Score® (NPS®), a service quality and customer satisfaction metric that serves as a leading indicator of revenue retention, growth, and brand differentiation.

What is NPS?

As a staffing firm, your NPS starts with a single survey question that asks both clients and candidates how likely they are to recommend your firm to a friend or colleague. Their response lands on a scale of 0–10, ten being extremely likely and zero being not likely at all. From there they have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). Click here for a more detailed look at the NPS methodology.

Why is NPS Uniquely Useful?

NPS offers standardized measurement for reporting on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand-level, and even within each firm’s organization, including by lines of business, account manager or recruiter. This means that, on a high level, you can compare your firm to others and, at the firm level, you can pinpoint shining stars and areas to improve within your organization. Learn more about how NPS can help drive business growth.

Staffing Industry NPS in 2023 – Client Ratings

Staffing firm NPS is a target topic for ClearlyRated’s annual NPS Benchmark Study. In 2023, U.S. staffing clients reported an NPS score of 36%, a year-over-year (YOY) change of +5%.

Staffing Client Satisfaction – measured as NPS
Staffing NPS Industry Benchmarks Year Over Year
Year-Over-Year Staffing Industry NPS (Client Ratings)
Staffing NPS Industry Benchmark Line Graph Year Over Year

Insights on 2023 Client Ratings

For reference, per global NPS standards, organizations classify as excellent once they’ve earned at least a 50% NPS, and a 70% NPS would classify them as world-class. Some recognizable service leaders like Starbucks and USAA record NPS of 77% and 75%, respectively, compared with Comcast, a notorious service laggard, whose clients give them a -25% NPS.The overall Net Promoter Score for clients of staffing firms has risen significantly, moving from -2% in 2019 to an all-time high of 36% in 2023. This is the highest recorded level of client satisfaction since 2010, when ClearlyRated started benchmarking the staffing industry. While this benchmark improvement is impressive when compared with past data, and achieving a higher NPS during a period of growth is impressive, staffing firms should remember that their industry continues to lag compared with global NPS standards. This means that there’s exciting potential for further improvement. Staffing firms that manage to deliver an outstanding CX and earn a high NPS as a result create the opportunity to easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

Staffing Industry NPS in 2023 – Candidate

The 2023 NPS benchmark for candidates is 30%. Not only is this an 11% increase over last year’s number, but also the highest talent NPS we have seen since 2013—not to mention a nice rebound from 2020 when the talent NPS was at an all-time low of 18%.

Placed Talent Satisfaction – measured as NPS

Insights on 2023 Talent Ratings

When we looked at the 2022 talent NPS for the staffing industry, we hoped that the 1% increase would be the start of a new upward trend in candidate NPS. Turns out, our hopes were rewarded with a whopping 11% increase this year. This is likely due in part to staffing firms focusing on improving their talent experience (TX) while a potential recession simultaneously resulted in an influx of job seekers who leaned on staffing firms to find work, especially compared with the hot job markets of the past three years from 2020 through 2022. In fact, according to a Staffing Hub report, there may have been another reason for job seekers to flood the market: Employer-based NPS scores are down, with 63% of detractors saying they’ll look for a new job this year. As more people enter the job market, staffing firms have an opportunity for a stream of new talent—especially if they can deliver a great TX on their end while helping their clients understand how to create a positive employee experience (EX). Earn brownie points for both your CX and your TX by acting as a consultative partner that helps clients understand what talent wants (hybrid schedules, anyone?) and how to take advantage of expanding their talent pool across geographies thanks to remote work. When you deliver more attractive opportunities to your talent, you not only help your clients make great hires, but you also create happy candidates who are more likely to refer others to your firm. Referrals remain a top way to grow your talent network—and this is an area where NPS survey programs have proven hugely helpful. Finally, keep in mind that your recruiters play a large role in TX. We’ve already seen some wise staffing firms like Uniti Med improve their TX by factoring in their own employee experience. When recruiters are happy and well-trained, they’ll take better care of your firm’s talent. This is why a better EX builds a foundation for better TX—and better TX will help you retain talent, in turn providing an improved CX.

How does your firm stack up?

If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction, talent satisfaction, and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against reluctant leaders? Learn how to overcome common objections to survey programs so you can snuff out hesitation, gain buy-in, and finally get started.

Next Steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
  • Considering a survey program? Our veteran team of survey experts has compiled a Satisfaction Survey Checklist for Staffing Firms to help you avoid common pitfalls and build a road map for a successful client survey initiative.
October 6, 2023
Industry Benchmark
5 min read

2023 NPS® Benchmarks for the Accounting Industry

No items found.
Accounting

Accounting firms – like other professional service providers – rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. Service quality and client satisfaction grow even more essential to business success during economic lulls and industry challenges. This may partially explain why business leaders across sectors prioritized customer experience (CX) in 2023. To understand how your service measures up year over year, you need a feedback tool that gathers insights and simplifies tracking—and gives you a metric that you can easily compare to your competition’s performance. Enter the Net Promoter Score® (NPS®), a service quality and customer satisfaction metric that serves as a leading indicator of revenue retention and growth, not to mention brand differentiation.

What is NPS?

Your NPS starts with a single survey question that asks clients how likely they are to recommend your firm to a friend or colleague. The most forward-thinking firms are also asking their employees, hoping to boost their employee experience (EX) too. Responses land on a scale of 0–10, ten being extremely likely and zero being not at all likely. From there, people have the option to offer more specific feedback.To calculate NPS, we subtract the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10).

Why is NPS Uniquely Useful?

NPS offers a standardized measurement to track and report on client satisfaction and service quality—one that can be applied across every level, from the industry as a whole to the brand level. Each company can also drill down within their organization, including by lines of business, department, or account manager. This means that you can compare your firm to others while also pinpointing the shining stars and any areas to improve within your organization. Learn more about how NPS can help drive business growth.

Accounting Industry NPS in 2023

ClearlyRated’s annual NPS Benchmark Study includes an industry focus on accounting firm NPS—and it’s good news. The 2023 accounting industry NPS has bumped up 2 points from 2022, landing at 41%. This NPS is the highest level recorded in the accounting industry going back to 2011, the first year that ClearlyRated measured industry satisfaction. Many drivers of accounting client satisfaction, such as responsiveness to calls/emails and delivering results within established timelines, are also at record highs in the industry. After a low point in the late 2010s, the industry’s average NPS picked up significantly, increasing by 15% in just one year, from 2020 to 2021. After a 1% increase in 2022, this year’s 2% increase marks the accounting industry’s third straight NPS rise, suggesting a trending improvement in the industry’s service levels.

Accounting Client Satisfaction – measured as NPS
Accounting NPS Benchmarks Year over Year Graph
Year-Over-Year Accounting Industry NPS (Client Ratings)
Accounting NPS Benchmark 2023 Year over Year line graph

Insights on 2023 Ratings

We’re glad to see our accounting clients increase their NPS for the third consecutive year, especially within an industry that lags compared to global NPS standards. For reference those wider standards only classify organizations as excellent once they’ve earned a 50% NPS. A 70% NPS would classify them as world-class. What does it look like to have a 70%+ NPS? Consider Starbucks and USAA, recognizable service leaders with an NPS of 77% and 75%, respectively. Then compare them to Comcast, a notorious service laggard, whose clients give them a -25% NPS. While the accounting industry seems to be improving overall, it is still ripe for further progress. And as firms achieve better service levels, clients’ expectations will rightfully get higher, meaning any firms that don’t keep are likely to flounder. Click here to learn more about the NPS methodology.On the other hand, this presents a huge opportunity for accounting firms that capitalize on their NPS momentum, continuing to improve their customer satisfaction and service. Firms that manage to deliver an outstanding CX and earn a high NPS as a result will more easily outshine their competition. Get tips on how to improve your CX based on customer feedback.

A Note on EX in the Accounting Industry

Our NPS survey programs can help our clients in every industry measure both their CX and their employee experience (EX). In fact, we believe so much in the importance of EX that we use NPS surveys for our own employees and have even shared what we learned. Unfortunately, in our experience accounting firms are typically more hesitant than other types of organizations to measure and improve their EX.Thankfully, we’ve already seen some wise accounting firms like Perkins & Co use their NPS survey program to not only improve their CX but also boost their EX by celebrating their wins. When employees receive recognition for providing good service, they are happier and more likely to continue providing high levels of customer care. Keep in mind that a better EX helps you retain your employees and builds a foundation for an improved CX.

How does your firm stack up?

If you’re not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. Remember the adage: “You can’t manage what you don’t measure” – and you certainly won’t be able to improve it either. Up against a reluctant firm culture? Get some tips on how to overcome common objections to survey programs to help build buy-in and get started.

Next Steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
  • Considering a survey program? Our veteran team of survey experts has compiled a Satisfaction Survey Checklist for accounting Firms to help you avoid common pitfalls and build a road map for a successful client survey initiative.
October 5, 2023
Industry Benchmark
5 min read

2022 Staffing Industry NPS® Benchmarks

No items found.
Staffing

Staffing firms - like other professional service providers - rely heavily on client satisfaction and service quality to retain accounts, build their talent pipeline, and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks staffing clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the staffing industry as a whole, at the brand-level, within lines of business, and even by account manager or recruiter.

Staffing Industry NPS in 2022 - Client Ratings

Staffing firm NPS is a target topic for ClearlyRated & CareerBuilder's annual Staffing Advantage Report, and in 2022 staffing clients reported an NPS score of 31% (our sample focused on staffing providers in the U.S. and Canada).

Staffing Client Satisfaction - measured as NPS

Year-Over-Year Staffing Industry NPS (Client Ratings)

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

The overall Net Promoter Score for clients of staffing firms has risen significantly, moving from -2% in 2019 to 31% in 2022. This is the highest level of satisfaction seen in the staffing industry since the last recession, and the jump in 2022 is likely similarly correlated to the economic disruption caused by COVID-19 that we've seen since 2020. It makes sense that in times of uncertainty, staffing firms are taking extra care to serving their clients with diligence and to prove their value. While this year's 31% benchmark is at an 11-year high, it's important to remember that this is still "below average" on the scale of global NPS standards. Staffing and recruiting firms continue to have opportunity to set themselves apart by delivering value and exceptional service.

Staffing Industry NPS in 2022 - Candidate Ratings

The 2022 NPS benchmark for candidates is 19%. This is a small increase from 2020, the last year we reported data, and reverses the sharp drop-off we witnessed between 2018 and 2020.

Placed Talent Satisfaction - measured as NPS

Year-Over-Year Staffing Industry NPS (Placed Talent Ratings)

Could this be the start of a new upward trend in candidate NPS? We certainly hope so! The labor market has been very tight for the past year, with many opportunities for job seekers to find new work that pays them better and aligns better with their goals and needs. Seek out opportunities to maintain quality relationships with job candidates, to move quickly to re-hire positions that were eliminated, and support remote hiring and remote employment for your clients as well as your talent. Industry leaders are consistently earning 50% NPS (or higher) from their talent, even during this period of economic upheaval.

How does your firm stack up?

If you're not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction, talent satisfaction, and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth. And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next Steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
  • Considering a survey program? Our veteran team of survey experts has compiled a Satisfaction Survey Checklist for Staffing Firms to help you avoid common pitfalls and build a road map for a successful client survey initiative.
June 1, 2022
Industry Benchmark
5 min read

2022 NPS® Benchmarks for RPO's

Industry Benchmarks
Research/Data
Net Promoter® Score
RPO

RPOs - like other B2B service firms - rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks business clients of RPOs how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with 6 or lower) from the % of promoters (those who respond with a 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the RPO industry as a whole, at the company-level, and even by client category.

NPS for RPOs in 2022

NPS for RPOs is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 clients of RPOs reported an NPS of 53% based on overall satisfaction with the services provided (our sample focused on corporate clients in the U.S.).

The 2022 RPO industry NPS rose by 9 five points from 2021. As the above chart indicates, the % of Detractors of RPO firms remained mostly unchanged. The largest YOY difference came from RPOs converting formerly Passive clients into Promoters. Continued focus on client experience as the Covid-19 pandemic continued throughout 2021 was a likely driver of this increase in Promoters. RPOs were able to better hone in on their clients' needs in an ever-changing business landscape, and this dedication translated to a large increase in NPS.

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

Even at 53% this year, the industry service benchmark for RPOs is below the threshold for what a client might consider satisfactory service quality. RPOs have a unique opportunity to stand apart from the competition by investing in client satisfaction and service quality and creating credible proof of their commitments.

How does your service stack up?

If you're not already leveraging NPS at your company, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for company growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
February 18, 2022
Industry Benchmark
5 min read

2022 Legal Industry NPS® Benchmarks

Net Promoter® Score
Research/Data
Legal

Law firms - like other professional service providers - rely heavily on client satisfaction and service quality to retain key accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks legal clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the legal industry as a whole, at the firm-level, within specific practice areas, even by partner or associate.

Legal Industry NPS in 2022

Law firm NPS is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 legal clients report an NPS rating of 32% based on overall satisfaction with their firm (our sample focused on legal clients in the U.S.).

Legal NPS Benchmarks

Year-Over-Year Legal Industry NPS

Legal NPS Benchmark Year over Year

It's important to weigh the industry's service scores against standards of excellence. For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

How does your firm stack up?

If you're not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
February 7, 2022
Industry Benchmark
5 min read

2022 NPS® Benchmarks for IT Service Providers

Net Promoter® Score
Research/Data
IT

IT service providers - like MSPs and VARs - rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded (and often unruly) marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks your clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with 6 or lower) from the % of promoters (those who respond with a 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the IT services industry as a whole, at the company-level, within specific disciplines, and even by account owner. IT service leaders utilize account-level NPS to supplement ticket-level reporting, allowing them to can get ahead of retention risks and manage relationships at the account and team level.

NPS for IT Service Providers in 2022

NPS for IT service providers is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 IT services clients (those working with MSPs and VARs) reported an NPS of 44% based on overall satisfaction with their provider (our sample focused on clients of IT service providers in the U.S. and Canada).

Technology services NPS Benchmark

YOY data shows a continued upward trend in 2021 and 2022. This can be attributed to the effects of the COVID-19 pandemic, and how appreciative clients were for the support they received throughout an unprecedented, challenging year.

Technology services NPS trends

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology. Even at 42% NPS, the IT services industry benchmark for client satisfaction and service quality is average (at best). Which means that MSPs and VARs have a unique opportunity to stand apart from the industry by investing in client satisfaction and service quality.

How does your service stack up?

If you're not already leveraging NPS at your company, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
February 7, 2022
Industry Benchmark
5 min read

2022 Insurance Provider NPS® Benchmarks

Net Promoter® Score
Research/Data
Insurance

Insurance brokers - like other business service providers - rely heavily on client satisfaction and service quality to retain key accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks insurance clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the insurance industry as a whole, at the company-level, within specific niche areas, even by broker or agent.

Insurance Provider NPS in 2022

Insurance provider NPS is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 clients of insurance brokers reported an NPS rating of 42% based on overall satisfaction with their provider (our sample focused on corporate insurance clients in the U.S. and Canada).

2022 Insurance NPS Benchmarks

The 2022 insurance industry NPS rose by eight points from 2021. The service clients of insurance firms have received remains strong coming out of the COVID-19 pandemic. Insurance firms have continued to improve service despite the pandemic. On average, clients say they are currently experiencing fewer service issues related to the pandemic than in early 2021.

Insurance Industry NPS Graph

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

How does your company stack up?

If you're not already leveraging NPS at your organization, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for company growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support business service providers).
February 7, 2022
Industry Benchmark
5 min read

2022 NPS® Benchmarks for B2B Service Industries

Net Promoter® Score
Research/Data
B2B

All B2B service firms rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks clients of B2B service providers how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of Detractors (those who respond with 6 or lower) from the % of Promoters (those who respond with a 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the B2B services industry as a whole, across different provider types and practice areas at the company-level, and even by client category.

NPS for B2B Service Providers in 2022

NPS for B2B service providers is the key focus of ClearlyRated’s annual industry benchmark study, and in 2022 clients across B2B service firms reported the following NPS scores based on overall satisfaction with the services provided (our sample focused on clients working with firms in the U.S. and Canada):

B2B NPS Benchmark chart

As you can see, NPS across industries has a wide variance, from as low as 23% for commercial printing to 60% for clients of design services. Our overall YOY data showed a relatively steady NPS in 2022 after a remarkable jump in NPS in 2021, and general satisfaction with B2B service remains stronger than in the past. This can likely be attributed to the lasting effects of the COVID-19 pandemic, and how appreciative clients were for the support they received throughout an unprecedented, challenging time.It's important to note that despite this year's pandemic-elevated scores, only three industries represented by our sample meet the minimum global standard for 'excellent' service - which is classified as 50% NPS (meanwhile, 70% is considered 'world-class'). These industry benchmarks demonstrate that the quality of service provided by B2B firms is still below the threshold for what clients might consider satisfactory, much less excellent.Given the growing expectations of clients, and the continued prioritization of transparency and service - B2B service providers have a unique opportunity to follow the example of credible service leaders like Nordstrom (a company that boasts 75% NPS) when it comes to investing in client satisfaction and creating credible proof of their commitments. And when you compare the customer experience at a store like Nordstrom to that of Comcast (a notorious service laggard with reported NPS of -1%) you can begin to see that this type of investment won't be optional for long. Click here to learn more about NPS.

How does your service stack up?

If you're not already leveraging NPS at your company, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are also fuel for company growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
February 7, 2022
Industry Benchmark
5 min read

2022 NPS® Benchmarks for HR Service Providers

Net Promoter® Score
Research/Data
HR

HR service providers - like other B2B service firms - rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks business clients of outsourced HR services how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with 6 or lower) from the % of promoters (those who respond with a 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the HR services industry as a whole, across different provider types and practice areas (PEO, ASO, HRO, RPO, etc.) at the company-level, and even by client category.

NPS for HR Service Providers in 2022

NPS for HR service providers is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 clients of outsourced HR services reported an NPS of 37% based on overall satisfaction with the services provided (our sample focused on corporate clients in the U.S.).

HR Services NPS Benchmark

The 2022 HR services industry NPS dropped by 5 five points from 2021. However, it is still at higher rates than has been seen historically. The most significant change from 2021 in client experience was that fewer clients said that their HR services firm takes a proactive approach to helping them. HR services firms are likely under increased pressure due to factors such as the great resignation making employee retention more difficult for employers. As a result they are likely less able to provide more tailored and proactive service.

Year-Over-Year HR Services Industry NPS

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

Even at this year's 37%, the industry service benchmark for HR service providers is below the threshold for what a client might consider satisfactory service quality. PEOs, ASOs, HROs, and RPOs have a unique opportunity to stand apart from the competition by investing in client satisfaction and service quality and creating credible proof of their commitments.

How does your service stack up?

If you're not already leveraging NPS at your company, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for company growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
February 7, 2022
Industry Benchmark
5 min read

2022 Accounting Industry NPS® Benchmarks

Net Promoter® Score
Research/Data
Accounting

Accounting firms - like other professional service providers - rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks accounting clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with a 6 or lower) from the % of promoters (those who respond with 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the accounting industry as a whole, at the firm-level, within specific practice areas, by partner, even by client category.

Accounting Industry NPS in 2022

Accounting firm NPS is a target topic for ClearlyRated’s annual industry benchmark study, and in 2022 accounting clients reported an NPS of 39% based on overall satisfaction with their firm (our sample focused on accounting clients in the U.S.).

Accounting Industry NPS Benchmarks

The 2022 accounting industry NPS rose by one point from 2021. Accounting industry NPS is at the highest level recorded going back to 2011. Many drivers of satisfaction, such as responsiveness to clients and a proactive approach to servicing client needs, are also at record highs in the industry. Firms taking a proactive approach to helping their clients has been the driver of satisfaction that rose the most in the accounting industry since recording began in 2015.

Year-Over-Year Accounting Industry NPS

For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.

Even though the 39% NPS industry benchmark is notably higher than satisfaction reported in years past, it's important to note that it sits just above "average" in the global NPS standards for service quality, and is well below the threshold for "exceptional" client satisfaction.

How does your firm stack up?

If you're not already leveraging NPS at your firm, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the ClearlyRated team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
  • Considering a survey program? Our veteran team of survey experts has compiled a Satisfaction Survey Checklist for Accounting Firms to help you avoid common pitfalls and build a roadmap for a successful client survey initiative.
February 7, 2022
Industry Benchmark
5 min read

2018 NPS® Benchmarks for B2B Service Providers

Client Experience
IT

B2B service providers rely heavily on client satisfaction and service quality to retain accounts and differentiate from the competition. As such, NPS can be a leading indicator of revenue retention, growth, and brand differentiation in a crowded (and often unruly) marketplace.

What is NPS?

Net Promoter® Score (NPS) is a client satisfaction and service quality metric based on a single survey question that asks your clients how likely they are to recommend your firm to a friend or colleague. Clients respond using a numeric scale of 0-10, ten being extremely likely and zero being not likely at all.NPS is calculated by subtracting the % of detractors (those who respond with 6 or lower) from the % of promoters (those who respond with a 9 or 10). Click here for a more detailed look at the NPS methodology.NPS is unique because it offers standardized measurement and reporting on client satisfaction and service quality that can be applied across the B2B services industry as a whole, at the company-level, within specific disciplines, and even by account owner. B2B service leaders utilize account-level NPS to supplement ticket-level reporting, allowing them to get ahead of retention risks and manage relationships at the account and team level.

NPS for B2B Service Providers in 2018

NPS for B2B service providers is a target topic for Inavero’s annual industry benchmark study, and in 2018 B2B services clients reported an NPS of 18% based on overall satisfaction with their provider (our sample focused on clients of B2B service providers in the U.S. and Canada).YOY NPS data shows that clients' experience and satisfaction with their service providers is varied. While the % of detractors have remained relatively consistent since 2014, the remaining % of promoters versus % passives have ebbed and flowed. These fluctuations may be related to the rapidly changing nature of the technologies and ecosystems IT services firms are required to support, the evolution of client expectations based on those rapidly changing environments, and even the commoditized nature (and therefore high-turnover nature) of the industry (4 out of 5 clients say they have switched IT service providers).For reference, global NPS standards classify 50% NPS as excellent and 70% NPS as world-class. And recognizable service leaders like Nordstrom have an NPS of 75% compared to Comcast, a notorious service laggard, whose clients give them a -1% NPS. Click here to learn more about the NPS methodology.At 18% NPS, the B2B services industry benchmark for client satisfaction and service quality is average (at best). Which means that B2B service providers have a unique opportunity to stand apart from the industry by investing in client satisfaction and service quality.

How does your service stack up?

If you're not already leveraging NPS at your company, we hope you consider this article a call-to-action. Not only do client satisfaction and service quality represent opportunities to differentiate in an increasingly commodified service industry, they are fuel for firm growth.And if "you can't manage what you don't measure" - then you certainly won't be able to improve it either.

Next steps

  • Ready to get started with NPS? Contact the Inavero team for insights, best practices, and a tour of our survey platform (designed specifically to support professional services firms).
March 29, 2018
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