360 feedback and appraisal - Cost comparison

We have had quite a few e-mails asking us how we keep our costs below the other providers in the market place.

The simple answer - because we keep our designs simple, our overheads low and everything is done in-house.

A small sample from those that declare a price (most seem to be more secretive).

Just as a reminder here are our charges:

reactive360:
Each Report = £60.00 Administration = Small Charge
Group Summary = From £60.00

factors360:
Subscription = £10.00 per month (on an annual subscription) - Unlimited volume
No other charges

Lumus:
Each Report = £90
Administrative set up charge = £100
Group Summary Report = £150

Talent Innovations:
360 feedback report for 5 people, each with 5-20 reviewers, with full project management support: £900

Appraisal360:
Prices start from just £63 (when you do more than 51 appraisals)

Click360:
£75 per client head

factors360 Feedback Toolkit - Up-date

Up-date on the launch:
17 new accounts - Amazing start.

Having the two versions of the system as a proposition seems to be working well.

reactive360: The Full (Corporate) version for the high volume user who wants to create their own custom questionnaires.
factors360: The latest (Enterprise) version for the companies who want to 'Brand' the process but still keep things fairly simple.

Launch day ..... www.factors360.com

At some point today - we will be hitting the go button (the one marked 'click here to prevent sleep') on the new system. factors360. As far as we know it will be the first subscription 360 feedback and appraisal site on the web.
It's for certain that it is the lowest cost.
The subscription cost:

• £20.00 per single month.


• £18.00 per month (when 3 months are purchased).


• £15.00 per month (for 6 months).


• 12 months access works out at .... £10.00 per month.

The lowest cost system we have found is £30.00 and that is per report - !!!!!!

For £10.00 per month with no single report cost - just access time - any budding mathematicians out there will be able to calculate that the report cost is now genuinely volume based...

I will post regular updates on how things progress....

Final thought for this entry -

This launch should amuse the competition..... (Or is that bemuse).....


Ian
Crash Test Dummy (CTD)

Here we go again

For some bizarre reason we seem to get to the merry month of May every year and then forget sleep - why ?
Well we are launching yet another product.. The new one is called factors360 and adds a different approach to our core business.

Reactive360 launched May 2007. Fully Flexible system

Quick360 launched May 2008. Our Technology Test bed

Factors360 launches May 2009. Low cost subscription service

Designed for the lower volume user and incorporating a whole set of features requested by quick and reactive users.

• 7 day free trial period.
• Subscription service from £10.00 a month.
• No limits on volume / usage.
• Brand using organisation logos.
• Easy to use interface.
• Text rich and graphical reports
• Automatic chasing.

The key difference being the cost - at £10.00 per month and if you do 10 appraisals - the cost - well work it out ...... !!!!!