Bench Marking and its application to Compensation Management


Shahid Kaji
MBA IVth Sem (05-07 Batch)
RK College of Business Management
Kasturbadham, Rajkot-360 020

A set of tests normally done during the feasibility study, to determine the technical standards to which the material should be digitized Quality assurance procedures should measure the digitized images against these benchmarks. A survey mark made on a monument having a known location and elevation, serving as a reference point for surveying. The performance of a predetermined set of securities, used for comparison purposes such sets may be based on published indexes or may be customized to suit an investment strategy. Is a relative measure of the performance of a digital signal processor in a particular application?

Something that serves as a standard by which others may be measured or judged a point of reference used in estimation An unmanaged group of securities whose performance is used as a standard to measure investment performance commonly known as a market index some commonly used benchmarks are the Dow Jones Industrial Average and the S&P 500.

A standard used for comparison. For example, the performance of some index mutual funds is compared to the performance of the S&P 500® Index which serves as a benchmark. A standard test or measurement used to compare the performance of similar components or systems.

A marked point of known elevation from which other elevations may be established an index or other market measurement which is used by a fund manager as a yardstick to assess the risk and performance of a portfolio for example, the All Ordinaries Accumulation Index is a commonly used benchmark for Australian share portfolios.

A measurement by which others are compared a permanent feature on land which is used as a point of reference for a land surveyor a performance comparator used to determine the relative rate of increase/decrease in a market or security. A benchmark is often a target against which investment performance is measured.

A standard used for comparison

A standard set by the best existing practice, product or service. A standard by which something can be measured or judged Benchmarking is the process of comparing performance against that of others in an effort to identify areas for improvement. A permanent reference mark made on a piece of property for the sake of surveyors.

A measurement or standard that serves as a point of reference by which process performance is measured [GAO] Benchmarking is a structured approach for identifying the best practices from industry and government, and comparing and adapting them to the organization's operations. Such an approach is aimed at identifying more efficient and effective processes for achieving intended results, and suggesting ambitious goals for program output, product/service quality, and process improvement. [GAO] A standard against which others are measured for the purposes of the AHSTF Annual Report, benchmarks are established income indices used to measure the health of the Fund's investment income.

The performance objective or standard represented by a model portfolio used to define the return against which another portfolio is to be evaluated. Beneficiary A person eligible to receive funds/payments from a retirement account to which they belong. (1) An intermediate target to measure progress in a given period using a certain indicator. (2) A reference point or standard against which to compare performance or achievements. This is a standard measure used to assess the performance of a company. Investors need to know whether or not a company is hitting certain benchmarks as this will determine the structure of the investment package. For example, a company that is slow to reach certain benchmarks may compensate investors by increasing their stock allocation.

(1) A technique to establish a point of reference from which tests can be made and guidelines determined for the existing performance of a process; for example, the use of a program to rate the performance of a computer. (2) A technique to evaluate your performance in specific areas when compared to recognized leaders. You may be comparing yourself to competitors or similar processes and functions at other geographic locations within your organization.

An index or bellwether measure used by market players as a yardstick to compare performance of securities a standard by which something can be measured or judged; "his painting sets the benchmark of quality" a surveyor's mark on a permanent object of predetermined position and elevation used as a reference point.


Benchmark Funds, Inc. is a registered investment advisor specializing in unique, alternative investment opportunities. The company provides personalized investment advisory and management services to affluent individuals, family trusts, retirement plans and institutional clients.

Benchmark's investment philosophy is based on the premise that portfolio diversification is the most important factor in achieving long-term investment success. Alternative investments can be, and should be, a critical component of this diversification strategy. Our immediate goal is to obtain consistent rates of return in all market environments - rate of return is, however, carefully balanced with the larger goals of reduction of risk and preservation of capital.

Unique Client Relationship

What distinguishes Benchmark from its peers is the quality of its clients and Benchmark's dedication to those clients. Our clients are successful individuals and entities with significant wealth and considerable expectations for the growth of that wealth. They are well-informed, pragmatic, reasonable yet demanding, and they share common goals:

To receive superior advice from their investment strategists.

To secure impressive returns on their investments with controlled risk & to preserve their wealth.

Clients come to Benchmark for assistance to meet these goals - we provide the advice and expertise needed to diversify our clients' portfolios and multiply their wealth over the long-term with minimal volatility.


Critical to the success of the relationship between Benchmark and its clients is communication. We want our clients' investments to work hard for them, to be successful in the long run, and to achieve our clients' objectives.

Benchmark believes in open and responsive communication with its clients on a regular basis. Such communication is part of, and critical to a successful investment program.

Why do we need a Benchmark?

Benchmarks are useful, quick tools for measuring the performance of a given system. While they certainly do not provide an absolute measurement of all of the capabilities of the system, they do provide useful information. For instance, measuring a car's acceleration time from 0 mph to 60 mph is not necessarily the best way to determine its performance; however, it does provide a good reference point for comparisons. A few things which must be kept in mind when developing a benchmark of any kind is that it must be (1) easy to perform, (2) accurate, and (3) reproducible.

Since area detectors have become one of the dominant methods employed for solving protein structures in many macromolecular crystallography laboratories we thought it would be useful to develop a method for benchmarking these detectors. We have developed such a benchmark based on peak heights measured on anomalous difference Paterson's. More information is available about the benchmark.

Final Thoughts

You know you need to benchmark, but you are just too busy. Well if you don't benchmark, and then implement improvements based on it, you will find yourself out of business. Then you'll have plenty of time to benchmark, but it won't matter.

Shahid Kaji
MBA IVth Sem (05-07 Batch)
RK College of Business Management
Kasturbadham, Rajkot-360 020

Source: E-mail February 02, 2007




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