What is ‘Employee Wages as a Percentage of Total Income’?
What is ‘Employee Wages as a Percentage of Total Income’? Home Author: Benchmark Data Team 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 [...]
Financial Benchmarking Against Your Competitors
As a business owner, competition can be intimidating. However, it can also drive us to achieve impressive results. The important factor is knowing how to beat the competition. With this sentiment in mind, for business owners and advisors, gathering intelligence on a business’s competitors in a systematic and rigorous format is critical to success. [...]
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 [...]