A Matter of Trust: Listen More Than You Talk

In the PR field, trust is the coin of the realm. If agencies don’t garner trust from the very start of the relationship with a prospect, well, there may be no relationship altogether. Trust must be a given from both sides of the table. However, agency owners and senior PR managers also have to cultivate…
KEEP READING

Staff Retention May Have Just Gotten Harder

PR and advertising agency staff retention is a bear. And the situation may be getting hairy. Just 36 percent of professionals feel they are paid fairly, according to a survey conducted by compensation website PayScale. (To download the full report, please click here.) The survey, which was conducted last year, was released earlier this week….
KEEP READING

What do America’s Biggest Corporations Know that America’s PR Agencies Don’t?

The answer, of course, is a lot, because corporations are different animals and operate on a far larger scale at all levels. But changes in corporate America often signal changes that can have a significant impact on the success of PR agencies. For example, 2015 was the biggest year for mergers and acquisitions on record…
KEEP READING

PR AGENCIES REPORT WIDE DISPARITY IN BILLING RATES

PR AGENCIES REPORT WIDE DISPARITY IN BILLING RATES FOR FIRMS OVER $10 MILL VERSUS FIRMS UNDER $10 MILL, ACCORDING TO GOULD+PARTNERS ANNUAL SURVEY. NEW YORK, August 13, 2015 — The nation’s PR agency field increased their hourly rates in 2014 according to a survey released today by Gould+Partners, the merger and management consulting firm specializing…
KEEP READING

PR Agencies Report 2014 Profitability at 16.2%

FOR IMMEDIATE RELEASE Contact: Rick Gould Direct: 212-896-1909 Cell: 917-783-4500 Gould+Partners One Penn Plaza Suite 5335 New York, NY 10119 PR AGENCIES REPORT 2014 PROFITABILITY AT 16.2%, CANADIAN FIRMS MOST PROFITABLE FOR THE THIRD YEAR IN A ROW, ACCORDING TO GOULD+PARTNERS ANNUAL SURVEY NEW YORK June 30, 2015 — U.S. PR agency profitability increased to…
KEEP READING