Using NPS (Net Promoter Score) to Measure Satisfaction

21 May 2021

We value the opinion of our owners and tenants, and we are constantly looking at ways to improve our services.

That is why at Oxygen, we use a methodology called Net Promoter Score (NPS) to survey a sample of our owners and tenants every month to find out just how we’re doing.

The Net Promoter (NPS) score is calculated based on responses to a single question:

“How likely would you be to recommend Oxygen Property Management to a friend or colleague?”

Responses are then grouped into the following three groups:

  • Our Promoters (score 9-10) are loyal enthusiasts who will keep buying and referring their friends or family, fueling growth.
  • Passives (score 7-8) are satisfied but unenthusiastic customers who are vulnerable to competitive offerings.
  • Detractors (score 0-6) are unhappy customers who can damage your brand and impede growth through negative word-of-mouth

Subtracting the percentage of Detractors from the percentage of Promoters lets us know our Net Promoter Score, which can range from a very low score of -100 (if every customer is a Detractor) to a high of +100 (if every customer is a Promoter).

Benchmarking

Our most recent survey for May awarded us a combined score of +30 across tenants and owners. The average score for the property management industry in New Zealand is -15. (Source: Perceptive’s 2020 NPS® Industry Benchmarks Report).

Giving Back

Did you know that for every survey that is completed by a tenant or an owner, we donate $5.00 to one of four charities which means so far we have donated:

$1,610 to Child Cancer Foundation $685 to HUHANZ $1,250 to Mental Health Foundation of New Zealand $1,120 to Women's Refuge New Zealand

Want to give us more feedback? No worries! If you have any concerns or complaints, please email [email protected] at any time.