17 / 168
2014 Best
Practices Study
Agencies
with
Revenues
Under
$1,250,000
17
Analysis of Agencies with Revenues Under $1,250,000
Key Benchmarks
Profile
Revenues
Expenses
Profitability
Employee Overview
Producer Info
Service Staff Info
Technology
Insurance Carriers
Appendix
Average
+25% Profit
+25% Growth
Total Number of Employees (FTE)
6.7
4.5
5.7
Revenue Per Employee
$135,346
$214,865
$135,198
Compensation Per Employee
$66,272
$78,802
$63,149
Spread Per Employee
$69,074
$136,063
$72,049
Average
+25% Profit
+25% Growth
Average number of Agency Employees
that work remotely
1.3
*
*
% of Agencies with Remote Workers
20.7%
3.4%
28.6%
Employee Productivity
Administrative Staff
Revenue Per Employee Compensation Per Employee Spread Per Employee
$0
$50K
$100K
$150K
$200K
$250K
$135,346
$214,865
$135,198
$66,272
$78,802
$63,149
$69,074
$136,063
$72,049
Average
+25% Profit
+25% Growth
Accounting & HR Department Info
Average
Top 25%
Accounting Department
Total Number of Employees in Accounting Department
0.7
High
2.0
Low
0.2
Revenue per Accounting Employee
$905,092
$1,167,708
Total Payroll for Accounting Employees
$29,802
Accounting Payroll as % of Net Revenue
3.3%
HR Department
Total Number of Employees in HR Department
*
High
*
Low
*
Revenue per HR Employee
*
*
Total Payroll for HR Employees
*
HR Payroll as % of Net Revenue
*
*Insufficient Data
*Insufficient Data