Creative Payment Trends: 2023 vs 2024
Creative Sector Payment Practices Show Modest Improvement: 2023 to 2024
The Comparison
- 2023: A study of 42 creative companies revealed an average payment score of 67.2 out of 100.
- 2024: The same 42 companies improved their average payment score to 71.6 out of 100.
What This Means
While positive, a 4.4-point increase suggests incremental rather than transformative changes in payment culture within the creative sector. This improvement could indicate greater awareness of payment terms, or simply reflects companies catching up with overdue payments from the previous year. Use this late payment calculator to understand late fees.
Overall, the average payment score among 42 creative companies increased from 67.2 in 2023 to 71.6 in 2024.
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