Compare Corporate Event Planning Services – BUYERS GUIDE 2020
How Much Does Event Planning Cost and What to Look For:
To hire someone to plan a corporate event in 2020 could cost anywhere from $550 to over $75,000. The cost is driven by the size of the event, the city you’re hosting it in, and the services offered by the planner.
Here’s what you need to know:
The single biggest factor that affects price will certainly be the size of the event. Whether the planner charges by the hour or as a percentage of the total budget of the event, small affairs will always be on the affordable end of the spectrum, while multi-million dollar conferences will often need corporate event planning that runs into the six figures.
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First, you should look for a corporate event planning service that specializes in the types of events you’re hoping to host. “Event planning” is not a one-size fits all business, and there are firms that specialize in meetings, others in workshops, and others still that specialize in large, multi-national conferences. Finding a company with experience that fits most closely with your planned events will offer the best results.
The tools that corporate event planning services make available to their clients also range widely. There are some companies that have software for estimating and tracking costs, and additional tools for surveying and polling guests, all of which may be useful for certain types of events.
It is also very important to find a corporate event planning service that offers a hands-on service. This should include a series of consultations and meetings leading up to the event. It is also critical that the company has a presence in the form of the primary planner or a planning team on the ground the day of the event to ensure that everything runs smoothly.
What You Can Expect to Pay for Your Corporate Event Planning
The two primary ways that event planners assess their fees is by the hour, or as a percentage of the total budget for a given event. Hourly rates start as low as $40, and go as high as $250 or more. If you’re working with a larger corporate event-planning firm, they will likely charge based on a percentage of your total budget. Typically, the fee will fall in the 15-20 percent range. If working with this kind of firm while planning a large conference, it is not uncommon to see the event planning fee stretch into six-figure range.
There are many reasons to hire professional event planners if you’re planning an office party. Event planners help you to properly coordinate all the details of large-scale corporate events like weddings and fundraising. Event planners can also put together incredible parties on tight schedules faster than an individual and small group of people because of the resources at their disposal. An experienced party planner will perfectly your vision of the corporate event to life.
Event planners enjoy planning parties and special events, but they also know it’s a lot of work that involves coordination with multiple suppliers and vendors. Fortunately, they also work with vendors on events all the time so you benefit from their vast resources. Event planning companies provide great services for general party planning, corporate event planning, and wedding planning.
Corporate Event Planning Service Sample Costs
Below are a few examples of prices for Event Planning Service which will give you an idea how much you will pay for your purchase.
- 16% of Event spend average rate for Planning
- $10,000 typical minimum event size
- $20,000 – $50,000 average cost for Corporate Events