Benchmark Data Team, Author at The Benchmarking Group Pty Ltd

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, [...]

5 Reasons For Benchmarking A Business

Top 5 Reasons For Benchmarking A Business Do you know how your business is performing when stacked up against competitors? How about your clients? Do you know what they need to do to improve their business performance? Do you know where the business is excelling? How it could improve? And what needs to be implemented [...]

The what and how of Benchmarking

The process for obtaining a measure – a benchmark: Simply stated, benchmarks are the “what,” and benchmarking is the “how,” of the process. Benchmarking without the right tools is not a simple process. Before undertaking a benchmarking opportunity, it is important to have a thorough understanding of the company’s guidelines around data and communications. You [...]

The Benefits of Benchmarking

Research clearly shows successful businesses aren’t afraid to compare themselves to their competitors and ask the hard questions. Businesses that do not make competitive comparison, furthermore, tend to be over optimistic about their relative position, preventing them from making realistic and fruitful changes. Hard data provided by benchmarking.com.au takes the guess work out of assessing [...]

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 [...]

Benchmarking versus Not Benchmarking

Looking at this list below, you will quickly draw an understanding of the benefits of benchmarking and if your company or organization should in fact start a benchmarking process or project. On top are the top 5 benefits a client provided back to us after recently completing a benchmarking project. Below the top 5 characteristics [...]

Benchmarking.com.au is a Xero Add-On Partner

As at June 2014 Benchmarking.com.au is integrating with Xero for an easy data import. This facilitates a much faster data entry for companies benchmarking their performance against industry peers. Similar to the Excel / CSV import, the Xero import loads the data and then let’s you drag and drop your accounts into the benchmarking account […]

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, […]

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