New data on operating expenses at architecture - engineering industry firms
FAYETTEVILLE, Ark. (July 25, 2017) –Zweig Group’s 2017 Operating Expenses Survey
provides a comprehensive view of the largest line items that impact an architecture, engineering, planning, or environmental firm’s overhead, including human resources, marketing, IT, insurance, bonus plans and other incentive programs.
This year, the survey found nearly 30 percent of a firm’s net service revenue is allocated to these basic business needs. Across the survey it is interesting to note the considerable differences in overhead cost allocation from the average or stable-growth firms to the fast-growth and high-profit firms. High-profit and fast-growth firms are strategically spending more money than other firms in key areas of the business.
In comparison to other industry firms, Zweig Group’s research found that multi-discipline and full-service engineering firms spent 2-5 percent less on rent and utilities, HR, and IT, but paid out more in bonuses and spent more on their group insurance programs.
Zweig Group also found a correlation between spending on programs designed to attract and retain talent, employee retention rate, and profitability.
This survey was released on June 1, 2017. For more information on Zweig Group's Operating Expenses Survey of A/E/P & Environmental Consulting Firms
, visit: https://zweiggroup.myshopify.com/collections/2017-surveys/products/2017-operating-expenses-survey?variant=31916235393
About Zweig Group
Zweig Group, three times on the Inc. 500/5000 list, is the industry leader and premiere authority in AEC firm management and marketing, the go-to source for data and research, and the leading provider of customized learning and training. Zweig Group exists to help AEC firms succeed in a complicated and challenging marketplace through services that include: Mergers & Acquisitions, Strategic Planning, Valuation, Executive Search, Board of Director Services, Ownership Transition, Marketing & Branding, and Business Development Training. The firm has offices in Dallas and Fayetteville, Arkansas.