Safety & Security Sector Payment Practices: Marginal Improvement Seen in 2022, Up 1.4 Points

The Comparison

Here's a side-by-side comparison of payment performance in the Safety & Security sector:

• 2021: Survey included 57 companies operating within the sector, achieving an average payment score of 65.9 out of 100.
• 2022: The survey covered 44 companies, showing a slightly improved average payment score of 67.3 out of 100.

What This Means

The reduction in sample size from 57 to 44 companies between 2021 and 2022 suggests potential consolidation within the Safety & Security sector, or a change in survey participation. While the 1.4-point increase in the average payment score indicates a move in the right direction, the improvement is modest, suggesting underlying payment challenges persist, for which you can use this late payment calculator.

In 2022, the average payment score was only 1.4 points higher than the 2021 average.