Articles

Data Driven Decision Making

Data driven decision making, or DDDM, is the process of making strategic decisions based on collecting and analysing…Read More

The History of Benchmarking

Today, benchmarking is a fundamental business process which drives business performance and ensures continuous improvements…Read More

Performance Benchmarking

Performance benchmarking measures a business’s financial performance, or KPI’s, against industry competitors…Read More

From the Courtroom to the Boardroom: the new battle ground in the Australian Legal Services Industry

The Legal Services industry is, by nature, competitive. In many cases, firms thrive or fail pending their ability… Read More

2021-22 Budget review for Australian small to medium businesses

The recent budget has provided a range of positive outcomes for small to medium Australian businesses… Read More

Defining Cost Of Goods Sold

COGS are the Cost Of Goods Sold and the term relates to variable expenses which increase as more products are sold… Read More

Talking Benchmarking

The Benchmarking Suite is a product designed for accountants, business advisors and management consultants…Read More

The Bottom Line for Professional Services

It can be difficult for small business owners to determine what success looks like, as there is…Read More

Employee Wages as a Percentage of Total Income Benchmark Calculation

What is ‘Employee Wages as a Percentage of Total Income’?

What is ‘Employee Wages as a Percentage of Total Income’? Home Articles Reviewing employee wages is a crucial activity for any business owner. When monitoring and evaluating employee wages, the owner’s wage should be excluded. Employee wages also excludes all superannuation and bonuses. Total income refers to the total revenue (being sales and other income) [...]