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Survey fees

 

360 degree feedback charges can be very confusing. Survey bid items vary from survey vendor to vendor. We’ve analyzed survey bids from many 360 companies and compiled the following list of survey bid line items so you can compare different bids.

Some survey line items and concepts are common to most 360 survey vendors. Other items (labeled as “Unique” below) are used by only a few survey companies. Knowing what is common will help you better negotiate a better price for your 360 degree feedback process. (Return to True Price Comparison)

 

Survey Bid Item or Concept

Unique

Common

Details

  • Setup

     
     

    Loading your survey information into the vendor’s system.

  • Per Report

     
     

    A fee for each report delivered. Usually includes everything (invitations, data gathering, analysis, etc.) needed to produce the report.

  • Participant Registration

     
     

    A charge for each participant enrolled whether they complete a survey or not. Clients end up paying for “no-shows.”

  • Minimum Survey Volume

     
     

    A required number of surveys to get a specific price. Access to the left-over surveys may expire, increasing the effective cost of the project.

  • On-boarding

     
     

    First-time clients are assessed extra fees for the vendor to create the client account and go through the contracting process.

  • Project Management

     
     

    Some survey vendors charge by the hour, others by the project. Survey companies that provide full service include project management at no charge.

  • Customization

     
     

    Fees can be hourly, project or task. If the changes take longer than expected, hourly fees place the risk on the client, project and task fees place the risk on the vendor.

  • Client Admin Access

     
     

    Extra fees charged to allow authorized clients to log into the system and check survey status. The client is really paying to do the survey vendors admin. work.

  • License, Member and Subscription Fees

     
     

    These fees are for the right to use a survey service and are independent of the actual services provided. Many 360 survey vendors no longer require such fees.

  • Annual Fees

     
     

    Annual renewals are much like licensing fees. They are for the right to continue to use the service.

  • Maintenance Fees

     
     

    Maintenance fees work like licensing fees. Generally maintenance fees suggest keeping clients’ surveys in “ready-to-launch” condition.

  • Levels of Service

     
     

    Service fees vary by the level of support provided. Some 360 survey companies provide excellent service and DO NOT charge any service fees.

  • Additional Features

     
     

    Some companies use an ala carte approach, each additional survey feature adds extra to the setup fee or participant fees.

  • Data Access

     
     

    Some companies will claim ownership of client data collected, and then charge to retrieve and deliver to the client, upon request.

  • “Use it or lose it” Prepays

     
     

    “May initially appear to save the client money. But pre-paid surveys with expiration dates can cause clients to lose money on unused surveys past the expiration date.

  • Missed Volume Penalties

     
     

    Some companies will provide a volume discount but if the volume is missed, they rescind the discounts and charge the client retroactively for the difference.

  • Volume Discounts That Reset Each Year

     
     

    It’s common practice for some companies to re-set their clients’ volume discounts to zero each year, thereby eliminating any accrued pricing benefits.

  • Binding Contracts

     
     

    If clients are not pleased with a 360 survey service, it’s important their contract allows them to switch vendors without financial penalty.

 

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