Customer Retention & Exit Interview Insights
Q3 2025 Analysis
Analysis of 487 churned customers reveals systemic failures in customer support and retention practices. Only 53% of departing customers received any retention attempt, and of those, most received only token discount offers that failed to address underlying service issues.
47%
No Retention Attempt
|
64%
Cite Support Issues
|
59%
Won't Return
|
88%
Preventable Churn
|
Analysis of retention attempts made when customers announced their intention to leave:
No retention attempt |
47%
|
Basic retention offer (discount) |
31%
|
Manager called too late |
14%
|
Comprehensive retention attempt |
8%
|
Customer feedback on what would have kept them from leaving:
Better customer support |
64%
|
Proactive account management |
58%
|
Fixing issues when first reported |
54%
|
Fair pricing/no surprise increases |
48%
|
Delivered promised features |
41%
|
Executive intervention earlier |
32%
|
Nothing - had to leave |
12%
|
Issue | Frequency | Impact | Customer Quote |
---|---|---|---|
Surprise Price Increases | 31% of churned | Immediate churn trigger | "20% increase with 30 days notice" |
Hidden Fees | 28% of churned | Trust erosion | "Year-end filing fees doubled our cost" |
Poor Price/Value | 44% of churned | Gradual dissatisfaction | "Paying premium for basic service" |
Competitor Pricing | 52% switched | Direct churn cause | "Saved 40% for better features" |
Month 1-3: | Honeymoon period - 95% satisfaction |
Month 4-6: | First major issue encountered - satisfaction drops to 70% |
Month 7-9: | Multiple support tickets, frustration building - 45% satisfaction |
Month 10-12: | Active competitor research begins - 25% satisfaction |
Month 13-15: | Decision made, implementation started elsewhere |
Month 16-18: | Formal cancellation notice given |
Likelihood of returning based on exit interviews:
No, never |
59%
|
Maybe with major changes |
22%
|
Yes, if issues fixed |
12%
|
Already returned |
7%
|
Competitor | % Switched To | Primary Attraction | Price Difference |
---|---|---|---|
Gusto | 28% | Modern UI, better support | -15% to -25% |
ADP | 22% | Reliability, comprehensive | +10% to +20% |
Rippling | 18% | All-in-one HR/Payroll | -5% to +5% |
QuickBooks Payroll | 15% | Integration, simplicity | -30% to -40% |
In-House/Other | 17% | Control, customization | Varies |
Total Churned Customers: | 487 |
Average Customer Value: | $438/month |
Monthly Recurring Revenue Lost: | $213,306 |
Annual Revenue Impact: | $2,559,672 |
Customer Acquisition Cost: | $2,847 |
Total Replacement Cost: | $1,386,489 |
Metric | Current State | Target (6 mo) | Target (12 mo) |
---|---|---|---|
Monthly Churn Rate | 5.4% | 3.5% | 2.0% |
Support Response Time | 48-72 hrs | 4 hrs | 1 hr |
First Contact Resolution | 23% | 50% | 70% |
NPS Score | -15 | +10 | +30 |
Save Rate (Retention) | 8% | 25% | 40% |
Payroll Service Churn Analysis - Q3 2025
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