Verizon has more than a million reasons to believe that learning is good, but learning with practice is better.

Similar documents
Five Ways Marketing Can Drive Higher Online Commerce Revenue. Building Long-Term Relationships and Brand Advocates in the Process

Metrics That Matter Evaluation Design Best Practices

Transform your support services into an exceptional customer experience. An Extension of Your Business. First Data Consumer Experience Management

Justifying Elearning: Online courses for employees with practical cases of leading US companies. ROI and Key Metrics

Achieve Business Results with Performance - Based Learning Best Business Practices and Call Center Case Study

How to use internal and external data to realize the potential for changing the game in handset campaigns

Large retailer improves customer service experience.

Customer Service Experience Report Quarter

Challenge 10,

Introducing Live Chat

Retail: Tips for Reducing Recruitment Costs

More efficient, faster and stronger. airline recruitment. How to attract and assess high-quality talent. smart. valid. preferred.

Agency implements Workfront solution in fewer than four months as standard for managing work for one client spanning 30 offices across 20 countries.

Marketing Metrics Handbook (Simplified)

Consumer engagement Guiding your customers down the yellow brick road. Strengthening the health care customer journey

WHITE PAPER THE NEED FOR CUSTOMER-CENTRIC CRM

Exclusive Voice of the Customer framework for smart CX managers: Delivering world-class customer experience every step of the way

GROW ENROLLMENT USING PROVEN STRATEGIES

Streamlining Identity Management

A BIT ABOUT US. Richardson and our clients are highly recognized and have won numerous industry awards, including the following:

5 Best Practices for Transforming Financial Planning and Analysis

SUCCESS STANDS FOR HUMAN FACTORS

MANUFACTURER FUNCTIONAL TRAINING COURSE DESCRIPTIONS

4 Ways HR Can (and Should) Be the New Face of Customer Service

COURSE DESCRIPTION INNOVATION MINI MBA. Maximising Innovation & Value Creation. Format: Classroom. Duration: 2 Days

5G MINI MBA. Business & Technology. Format: Classroom. Duration: 5 Days

SUPPORT LEARNING WITH CCL KNOWLEDGE AND TOOLS. LEADERSHIP RESEARCH & RESOURCES

Fostering innovation in retail with Google for Work

Let s create a powerful and successful e-commerce community together

Virtual Experience Platform. An Overview

The five things sales growth winners do to invest in their people

Introduction to digital marketing

Metrics For The Service Desk

Adobe Analytics Business Practitioner Adobe Certified Expert Exam Guide. Exam number: 9A0-412

The Added Business Benefits of SMS Surveys

Solution Provider Profile

Customer Satisfaction Index: What s Missing in Your Net Promoter Score?

MEASURING ROI & ATTRIBUTING SUCCESS TO DIGITAL MARKETING

CAMPAIGN TYPES. BENEFIT FROM A CAMPAIGN TAILORED TO YOUR NEEDS. Incentive and Burst Campaigns. Social Media Campaigns. Google Adwords.

EHS SOFTWARE. for the Safety Professional

Why a Skills Acquisition Strategy is Critical to Filling Skill Gaps

Digital Reimagination in the Manufacturing Industry

Telecommunications Industry ebook Three Pillars of Churn Reduction

24/7 MULTILINGUAL PRODUCT-ORIENTED SMART CLIENT SUPPORT SERVICES. Ukrainian Development Western Management Global Delivery

CONCEPT OF COLLABORATION

QUICK FACTS. Designing and Testing a Mobile Application for a Fortune 500 Energy Company TEKSYSTEMS GLOBAL SERVICES CUSTOMER SUCCESS STORIES

Accelerating the capability of FMCG Professionals

Customer service. Chartered Institute of Internal Auditors. 26 October What is customer service? 1 Chartered Institute of Internal Auditors

Mobilize the Customer Journey. Connect every experience with Salesforce

2018 Research Report Live Video Streaming Benchmark Report

Build around your business

Discover New Talent Pipelines by Radically Reskilling Your Teams: A Case Study with Booz Allen Hamilton. March 2018

Apollo Outplacement. Services and Pricing Pack For Individuals

Why Business Relationships Matter

The Case for Improving Your Company s Business English

Media Processing Technologies for Affective Digital Marketing

The ROI of training: Strategies and evaluation methods

Get ready for robots: why planning makes the difference between success and disappointment

SutiSoft s Agility & Responsiveness Proved to be the Difference for Rinnai

Operational Customer Experience Management

5 Ways to Calculate the ROI of Your Training Videos

Demonstrating Positive Elearning ROI

Retention Strategies

MEANS HAPPIER CUSTOMERS

4 Steps to Maximizing. Customer Lifetime

How PLM is Being Applied to Support Today s Dynamic Enterprises

For personal use only

WAV Group 2019 CRM Effectiveness Survey CRM: THE KEY TO DRIVING SUSTAINABLE BROKER PROFITABILITY

How an AI Powered Conversational Interface Altered the Relationship With Our Customers

InterConnect. InterConnect

How to Map Out Your Journey Towards a Social Organization

MRM//McCann Team Saves an Estimated 105 Hours Every Week with Workfront, Translating into Annual Cost Savings of More Than $200,000

The Five Core Pillars for Your CEM Strategy

Annual Customer Satisfaction Survey 2015 Detailed results

SAP Jam Collaboration SAP SE or an SAP affiliate company. All rights reserved. 1

Self-Service Portals in the Modern Help Desk Model

Creating a Learning Strategy for Maximum Impact

THE IMPLICATIONS OF DIGITAL COMPETENCY FOR COMPANIES

Take your business to the next level with CRM. 16 Ways CRM can improve customer satisfaction, productivity and your bottom line

PROCESS LED TRANSFORMATION & SUSTAINABILITY

Improve Your Marketing Campaign ROI with Predictive Analytics

DIGITAL MARKETING 1.0

Trends in Leadership Learning and Development 2016

IT S TIME TO ACCELERATE YOUR EXPECTATIONS WE DON T DELIVER LEADS, WE ACQUIRE CUSTOMERS

IT S A CONNECTED WORLD

Building a Rockstar CUSTOMER TRAINING DEPARTMENT

The Two Faces of Customer Centricity

SOLVING THE MARKETING ATTRIBUTION RIDDLE Four essentials of decoding the multitouch attribution, beyond the last click.

ORACLE SALES ANALYTICS

DIGITAL TRANSFORMATION

Customer Experience BENCHMARK RESEARCH REPORT THE INTERSECTION OF BUSINESS AND CUSTOMER PERSPECTIVES

IDENTIFYING SALES TRAINING & DEVELOPMENT INVESTMENTS THAT DRIVE LEARNER OUTCOMES

International Journal of Advance Engineering and Research Development. An Empirical Study on Requirement of Customer Expectancy Management

LEADING HEALTHCARE SERVICES PROVIDER

Cox Automotive s Mark O Neil Offers Keys to Finding Your Way Through the Unmapped Territory of a Growing and Changing Used Car Market

5 Ways to Future-Proof Your Music Store

EPAM S SOLUTION FOR CITI: TRANSFORMING THE ENTIRE BRANCH EXPERIENCE

Transcription:

PRACTICE MAKES PERFECT. Verizon has more than a million reasons to believe that learning is good, but learning with practice is better. BY PAUL LEONE & RHONDA PINKSTON This work is owned and copyrighted by the Association for Talent Development (ATD) 2017.

INTRODUCTION As a global telecommunications company that prides itself on innovation, Verizon is constantly creating new products and services to deliver on its promise of the digital world to its customers; however, new products and services require new training content and delivery. With After performing a more than 1600+ retail outlets in the U.S., Verizon comprehensive analysis, Verizon concluded that needed to find a scalable model to deliver new introduction of a product information, train its employees, and practice-based training model ensure that each and every employee using the Rehearsal Practice understood how to explain new product Platform resulted in a return information to its customers. As part of this on investment of 749%. training initiative, Verizon implemented Rehearsal s Practice Platform with a subset of its retail store representatives. In these select locations, employees would practice and record mock responses to customer-centric virtual role-play scenarios, upload their videos, and then ask managers for feedback. The Rehearsal Practice Platform was a fairly quick and inexpensive add-on to the traditional training program.

A TIME TO PRACTICE Verizon was determined to help its salespeople understand new products and new product features in a way that was simple and effective and at an accelerated pace. With more than 1600 retail outlets in the U.S., Verizon faced the added challenge of ensuring that product information was properly delivered to a diverse and multiple language speaking customer base with varying credit levels. The Learning and Development Team sought out a solution to meet the following outcomes: a provide a quick and accurate manner to get new information into the hands of its retail sales employees The Verizon Learning and Development team turned to the Rehearsal Practice Platform. Rehearsal s virtual, asynchronous, video-based and mobile-friendly platform allowed Verizon to reach employees in all locations and at the employee s convenience. Each time an employee submitted a video response to a scenario, an assigned coach was alerted to the new response and provided the employee with tailored feedback. Rehearsal s alert system kept the learner, manager, and coach (if different than the manager) accountable to the training process. b find ways to let employees practice how they communicate product information c integrate some level of assessment to validate employee understanding of the information and the ability to use that information to sell to customers

COMMITTING TO CHANGE Verizon s retail sales people receive online training and weekly team meeting communications. Online training includes: key features and benefits of new products supporting tools system suggested follow-up practices Weekly team communications include: highlight videos top weekly topics team skill practices These training components are required for all Verizon team members. Video-based practice was encouraged but optional. An employee who chose to practice was responsible for responding to customer-centric scenarios featuring common customer situations and questions. Employees recorded their responses with smartphones and webcams. There was no limit on the number of practice attempts. Once the employee was happy with his or her response, the final response was sent to a manager or coach for feedback. Coaches provided text and video based feedback to the employees with the option to record improved submissions until both the manager and employee were satisfied. Since use of the Rehearsal Practice Platform was optional, Verizon had the unique opportunity to measure the performance of the Practice group against the control. Verizon s Learning Effectiveness team tracked and compared key performance indicators (KPIs) whereas Gross Adds ---a metric that tracks the acquisition of new customers --- served as the primary metric.

CLEARLY PROVING THAT PRACITICE MAKES A DIFFERENCE The group of 515 employees who completed two or more video role plays with the Rehearsal Practice Platform showed a 71% increase in gross adds over This increase groups that added $1.39M in received revenue over a training alone. 3-month period. Verizon continued the analysis of the Practice Platform by calculating the costs of the complete training effort, including development costs, attendance costs, participant time to Overall, the training complete the effort produced an training, ROI of 749%. materials, instructors, and coaches. Verizon found that when employees practice what they learn and share how they perform, the collective group benefits from constructive feedback and spurs a culture of collaboration which exponentially improves sales and business outcomes. The company saw a drop in use of internal acronyms when working with customers. It Employees who also recognized completed the improvements video role plays in tying new or improved their recently ability to translate enhanced complex product products to customers details into specific needs accurate and more and lives. conversational explanations for Verizon also customers. found that practice is quite addicting. Employees who engaged with the Rehearsal Practice Platform once tended to increase the number of times they actually practiced before submitting a final version. Recording and reviewing practice attempts prompted many employees to practice multiple times, and that repetition drives skill improvement beyond what can ever be gained in a classroom setting role play.

Verizon noticed that coaches and managers improved their abilities to identify and critique specific skills, and over time, were able to calibrate on what good looks like. When it comes to ROI, many feel a 100% return on investment is a success. This unintended outcome helped to level-set the expectation of quality and offer employees a benchmark to hit and exceed. With multiple objectives, an absolute need for scalability, and a promise to its customers to deliver a future to fit their innovative lifestyles, Verizon choose a platform that guaranteed reach, flexibility, ease of use, and results. Add to it a culture shift toward collaboration and feedback, and it s Verizon was looking for more. hard not to say practice perfect. PAUL LEONE Paul is a leading author, expert and consultant in employee training evaluation and serves as a Senior ROI Consultant with Verizon. RHONDA PINKSTON Rhonda is a specialist in creation, delivery, and implementation of high impact learning programs and is a Manager of Learning and Development at Verizon. makes