This is at a time when big businesses spend around $15 billion a year on external PR firms.
Institute of Public Relations and RFP Associates surveyed senior communicators to reveal that chief communications officers don’t put the same time and thought into finding a suitable PR firm, as they do while hiring employees. Big companies are currently spending about $15 billion per annum on working with external PR agencies.
35% of participants reported dissatisfaction with the PR firm they have hired. 50% of the respondents were “moderately”, “slightly”, or “not at all” satisfied with the PR firms being paid over $1 million a year.
Further, 30% of senior communicators have been with the same agency for over four years, and another 30% for three to four years. Only 14% of them have worked with a PR agency for less than a year and 27% for one to two years.
[3 minute read]