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In this issue
Resource Rate Calculators are your online agency remuneration calculator Resource Rate Calculator Phone App lets you take the calculator with you Ad Cost Checker checks the agency rates against industry costs Agency Scope Monitor to agree fees against a scope of work
Newsletter 09 November 2016
Welcome to the 09 November edition of TrinityP3’s e-news
Resource Rate Calculators are your online agency remuneration calculator
There are a lot of calculations associated with agency remuneration these days, such as billable hours per year, overhead and profit multiples, and converting salaries to hourly rates and hourly rates to salaries. You can do them all here with the calculators on the TrinityP3 Calculator page on our website.
Resource Rate Calculator Phone App lets you take the calculator with you
If you love our online calculators, you can also take them with you because TrinityP3’s world first agency remuneration business mobile app is now available for iPhone, iPad and Android.The Resource Rate Calculator is a free industry calculator designed to calculate resource rates such as head hour rates, annual salaries, overhead & profit mark-up, and annual billable hours.
Ad Cost Checker checks the agency rates against industry costs
Are you are an advertiser, marketer, procurement professional, or even an agency manager? One of the key issues that arises on a regular basis is the advertising agency costs and specifically the rates charged. TrinityP3 has been benchmarking and assessing agency fees and charges for more than a decade, and one of the areas of conflict is determining a fair and reasonable rate for those advertising services. This is why we have developed an online system called Ad Cost Checker.
Agency Scope Monitor to agree fees against a scope of work
The value of the agency or marketing suppliers is in both the outputs they produce to deliver your marketing and advertising strategy, and the outcomes these deliver against that strategy. Therefore, to remunerate your agencies and marketing suppliers on value instead of costs, you need to be able to accurately define your requirements or scope of work and then calculate the fee that represents sustainable value for those outputs and outcomes. At TrinityP3 we’ve built a system that does just that called the Scope Monitor and Calculator, and you can read about how it works here.
Evalu8ing collaboration, engagement and performance
Evalu8ing is the only system that measures the collaboration of multiple teams or groups. We use these results and work with you to help improve the engagement of these groups to drive performance. Read about the ways many companies, organisations and marketing teams have used Evalu8ing to measure, manage and maximise their collaboration, engagement and performance.
The database allows agencies from around the world to register and create their own profile. The information they enter is held securely and confidentially. It is also completely searchable across all criteria. The system also allows TrinityP3 consultants to add notes, observations and updates on the agencies following their participation in a pitch or as part of our regular agency update meetings. This gives TrinityP3 an incredibly powerful resource and the agencies registered, an opportunity to win new business.
Yes, technology is impacting all aspects of business and especially marketing. But it is interesting that there are very few search, pitch or marketing management consultants who invest in technology to innovate their processes to increase their utility or robustness. Many are using relationship survey tools that have been around since the last century, or are calculating agency remuneration and compensation using a calculator and a spreadsheet.