Creative Payment Trends: 2020 vs 2021
Creative Sector Payment Practices Show Marginal Improvement: 2020 vs 2021
The Comparison
- 2020: 63 creative companies were surveyed, yielding an average payment score of 63.7 out of 100.
- 2021: 45 creative companies were surveyed, resulting in a slightly improved average payment score of 65.0 out of 100.
What This Means
While there was movement towards better payment practices in the creative sector, the shift, represented by a 1.3-point increase, is statistically quite small. The reduced sample size in 2021 (45 companies vs 63 in 2020) may influence the results, potentially skewing the average due to the smaller pool of data. Businesses experiencing payment delays can use a late payment calculator to assess the impact.
In 2021, the creative sector saw an average payment score of 65.0/100 compared to 63.7/100 in 2020.
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