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
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 [...]