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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

AmEx: Happy workers mean happy customers

By
Scott Olster
Scott Olster
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By
Scott Olster
Scott Olster
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August 13, 2010, 7:00 AM ET
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The credit card company wanted to give its customer service department a makeover. The first step: asking employees what changes they wanted to see.

By Christopher Tkaczyk, reporter








COMPANY SNAPSHOT

Headquarters: New York City

Employees: 27,265 in the U.S.; 35,340 outside

The Business: A $26.7 billion credit card and business and travel services organization

American Express (AXP) has always prided itself on its customer service; CEO Ken Chenault lists delivering superior service as one of AmEx’s top three priorities for 2010 (the other two: growth and efficiency). So last year when it gave its global customer service division a makeover, it decided to focus on making life better for its 26,000 call-center employees. The theory: Happier employees mean happier customers. “We’ve learned the importance of the attitude of the employee,” says Jim Bush, EVP of world service. AmEx started by asking customer service employees what they wanted to see — and then delivered better pay, flexible schedules, and more career development. It also switched from a directive to keep calls short and transaction-oriented to engaging customers in longer conversations. Collectively, the moves have boosted service margins by 10%. “Great service starts with the people who deliver it,” says Chenault. “We want American Express to be the company people recommend to their friends.”


Reasons to work here

On-site health care: Employees can see a nurse practitioner to get prescriptions, which can be filled on-site.

Customers determine bonuses: A unique incentive program tying compensation to customer feedback can result in 25% to 30% higher pay.

Travel perks: Some locations offer discounts of up to 50% on certain fees for trips booked through the company. Other travel perks include fee-free travelers checks and foreign currency exchange.

Flexible scheduling: A new system allows employees to modify their schedule remotely to accommodate a sick child or doctor visit. Incremental hours can be traded with others across the workforce.

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By Scott Olster
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