The following assumptions provide a foundation for evaluating time and cost efficiencies within the organization. They include average hourly pay rates for both insight team members and business stakeholders, estimated annual hours saved by each group, and typical costs associated with commissioned research projects and secondary source subscriptions. These figures are intended to support decision-making and highlight potential areas for optimization.
Insight Team Members – FTE Annual Pay – fully loaded cost – Average: $110,000
Business Stakeholders – FTE Annual Pay – fully loaded cost – Average: $140,000
Insight Team Members – Assumed Hours Saved Per Year: Insight team members are estimated to save 872 hours annually.
Business Stakeholders – Assumed Hours Saved Per Year: Business stakeholders are estimated to save 360 hours annually.
Assumed Average Cost Per Commissioned Research Projects: The average cost for commissioned research projects is assumed to be $40.000.
Assumed Average Cost Per Secondary Source Subscriptions: The average cost for secondary source subscriptions is assumed to be $30.000.
Assumed Average Cost of other market and competitive intelligence investment: $40.000