Articles

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) [...]

Financial Benchmarking Against Your Competitors

Competition in business can be challenging, but it also drives innovation and growth. The secret to thriving in a competitive market lies in understanding your competitors and using that knowledge to refine your strategies. This is where competitor benchmarking becomes invaluable. Competitor benchmarking is the process of systematically comparing your business to others in the [...]

Revenue Per Employee Benchmark Calculation

How it’s calculated Revenue Per Employee is calculated as: Revenue Per Employee = Total Revenue / Total Full Time Equivalent Employee See here for explanation of Full Time Equivalent Benchmark Calculation How it’s used Revenue per employee is an important financial benchmark because it aids in determining the relative average financial [...]

How to calculate FTE (Full Time Equivalent)

CALCULATE FTEs NOW - Jump to our FTE Calculator What's an 'FTE'? Full-Time Equivalent (FTE) is the measurement of how many full-time and part-time employees a company has. It is NOT headcount. Some people in your business may have only worked for part of the year, or are on part-time/casual arrangements. In these cases, the [...]

The Meaning of a Benchmark

A benchmark is often considered as the optimum performance to be strived for, or, the average performance which is either outperformed or fallen short of. The meaning of a benchmark, in a nutshell, is a reference point or a standard which something can be measured against. In the context of business, there are many benchmarks, [...]

Before you buy a business

Benchmarking is an essential resource if you are thinking about buying a business. The best starting point is to obtain a copy of the Australian Benchmark Report for the industry or sector your looking at buying into. It can help you to measure the past performance of a business to see how it performed against [...]

NSW Small Biz Connect Programm

After a succesful Trial in late 2012, NSW Trade and Investment has signed up to use the benchmarking.com.au platform for its Small Biz Connect program. An extract of the department news release issued on May 23rd 2013 reads: NEW RESOURCES TO PATCH THE GAPS FOR SMALL BUSINESS Minister for Small Business Katrina Hodgkinson today launched […]

Why You Should Be Using Data Visualisation For Business

Elevate your business decisions with data visualisation, revealing meaningful insights..Read More

The new Accountants Benchmark module is set for release in June 2013

Since the release of our new benchmarking.com.au plaform in October 2012, we’ve been working hard to integrate the most important industry benchmark of them all: The Accountants Benchmark. Planned to go live at the end of June, users of the Benchmark Suite get access to: Online questionnaire Instant reporting with ability to export to Word, […]