Companies plan more communication expenditure
This year, 30 percent of Swiss companies plan to increase their communications spending. Another 56 percent expect to spend the same amount on PR, advertising, and events as they did last year, according to a survey by Farner Consulting.
In the current year, 30 percent of Swiss companies intend to increase their communication expenditure. A further 56 percent expect to spend the same amount on PR, advertising and events as in the previous year. This is the result of a survey of the 500 largest Swiss companies conducted by PR agency Farner Consulting. Due to the subdued economic outlook, a decline in communication expenditure was actually to be feared, according to a Farner press release. However, the decrease has only been marginal: While 90 percent of companies planned to maintain or increase their budgets last year, this year the figure is 86 percent. Of those companies that plan to increase their communications expenditure, 83% cite adaptation to future requirements as the reason. The 8 percent of companies that are reducing their communication budgets cite a reduction in available funds.
Based on the survey results, PR agency Farner has identified a shift from traditional advertising towards PR: 15 percent of the companies surveyed invest more than a third of their communications budget in public relations. Within PR, Swiss companies see the greatest need for action in the areas of consulting and coaching, crisis and change communication as well as corporate publicity and online communication.
Based on the survey results, PR agency Farner has identified a shift from traditional advertising towards PR: 15 percent of the companies surveyed invest more than a third of their communications budget in public relations. Within PR, Swiss companies see the greatest need for action in the areas of consulting and coaching, crisis and change communication as well as corporate publicity and online communication.
