The 2023 Professional Services Maturity™ Benchmark Report
Service Performance Insight (SPI Research) proudly introduces its 16th annual benchmark – The 2023 Professional Services Maturity™ Benchmark Report, a comprehensive study of the global professional services industry provides in-depth analysis gleaned from nearly 6,000 PS organizations over the last 16-years. The report contains 230 pages with 351 insightful charts and graphs; analysis of 145+ key performance indicators (KPIs) including detailed income statements. The benchmark covers eight global PS vertical markets: IT Consulting, Management Consulting, PS within SaaS, PS within Software, Architects and Engineers, Marketing and Advertising, Accountancies, and Other PS. Analysis is provided by vertical, geography and size of organization.
The 2022 Professional Services Automation (PSA) End-user Survey Report
SPI Research conducted an end-user survey on 88 billable PS organizations using PSA solutions. The survey asked quantitative and qualitative questions regarding why firms selected PSA, which attributes were most important, and how buyers perceived their benefits. Most importantly, this study looked at both pre- and post-PSA deployment.
The 2020 PS Talent Benchmark Report
This important 108-page study profiles talent priorities, the move to virtual service delivery, level of employee investment and the impact of business applications. The study provides analysis of target and realized bill rates, compensation and utilization across a broad range of professional service verticals, geographies and job levels around the globe. It provides an unprecedented view of Professional Services workforce distribution and composition by industry segment through an analysis of organization structures for various service segments including IT Consulting; Management Consulting; Architects and Engineers and embedded service organizations within technology companies.
SPI Research’s Human Capital Management (HCM) Survey Report
The 45-page report consists of 46 figures and tables, and highlights some of the trends in HCM use, most notable its movement to the Cloud. The average firm size was 446 employees, and the organizations showed an annual profit of 11.6%. These organizations, on average, showed an annual profit increase of over $1 mm as a result of the benefits provided by HCM, namely a reduction in the total time to hire, train and make consultants billable, reduced employee attrition, and higher billable utilization though optimized staffing levels. The report sells for $595.
Professional Services Maturity™ Scorecard
Service Performance Insight proudly announces the PS Maturity™ Scorecard.
The PS Sales and Marketing Maturity™ Benchmark
The service industry has switched from “controlling costs” to “growth”. The race is on to out-market, out-sell and out-package the competition with profitable growth the prize. Around the globe service providers are re-examining their approaches to the market: looking at the most effective sales, marketing and packaging techniques to determine the optimum investment formula with the greatest payback.
Service Performance Insight (SPI) is a global research, consulting and training organization dedicated to helping professional service organizations (PSOs) make quantum improvements in productivity and profit. In 2007, SPI developed the PS Maturity Model™ as a strategic planning and management framework. It is now the industry-leading performance improvement tool used by over 35,000 project- and services-driven organizations to chart their course to service excellence.
The core tenet of the PS Maturity Model™ is PSOs achieve success through the optimization of five Service Performance Pillars™:
SPI provides a unique depth of operating experience combined with unsurpassed analytic capability. We not only diagnose areas for improvement but also provide the business value of change. We then work collaboratively with our clients to create new management processes to transform and ignite performance.
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Service Performance Insight celebrates its 16th annual benchmark report – The 2023 PS Maturity™ Benchmark!
A record 709 firms representing over 430,000 consultants from around the world participated in this benchmark. The 2023 report offers over 16 years’ worth of insight and analysis into the market with a view into the key success factors that drive exceptional performance.
For professional service organizations, 2022 should have been a year to get back to “normal.” But there is no normal. Global events including inflation, supply chain dysfunction, war and yes, COVID in China, all impacted the global economy.
Professional services organizations (PSOs) did their best and improved on both growth (10.4%) and profit (16.1%) as the market had a solid year. However, most of the major performance metrics went down, which should cause concern for the market.
The Professional Services Maturity™ Benchmark provides clear metrics and guidance on over 145 key performance measurements. The report is designed to enable PS leaders to self-assess their organizations to determine where they should begin performance improvement initiatives. The Professional Services Maturity™ Benchmark and score-carding process takes the guesswork out of metrics. Completing the PS Maturity™ survey can highlight new avenues for improvement and enable PSOs to conduct their own self-assessment.
