From bench +"Ž mark. Originally (attested circa 1842) a mark cut into a stone by land surveyors to secure a "bench" (from 19th century land surveying jargon, meaning a type of bracket), to mount measuring equipment. Figurative sense attested circa 1884.
From Wiktionary
From the use of the surveyor's mark as a place to insert an angle iron that serves as a benchor level surface, for the support for a leveling rod
From American Heritage Dictionary of the English Language, 5th Edition
Toy horse and rider sets are almost a benchmark of childhood.
This elaborates the themes set out in Benjamin's previous benchmark book.
For part-time undergraduates we have 0.9% against benchmark 1.1% (compared to 3.9 against a benchmark of 1.1 last year ).
His career is a benchmark of accomplishments, especially those he garners for being the first in his company or industry to achieve certain successes and milestones.
Polls are included which can give you a benchmark against which to compare your experiences.
The term benchmark, bench mark, or survey benchmark originates from the chiseled horizontal marks that surveyors made in stone structures, into which an angle-iron could be placed to form a "bench" for a leveling rod, thus ensuring that a leveling rod could be accurately repositioned in the same place in the future.
https://en.wikipedia.org › wiki › Benchmark_(surveying)
. A standard by which something can be measured or judged. American Heritage. A surveyor's mark made on a stationary object of previously determined position and elevation and used as a reference point, as in geologic surveys or tidal observations.
Benchmarking is the practice of comparing a company's metrics to other businesses to analyze what's effective in their respective industries. Implementing this process can lead to various benefits, including improved efficiency and increased sales.
Businesses can use benchmarking in their operations to measure themselves against internal or external standards. Benchmarking can be used to measure internal progress, performance against competitors and how your processes rank against world-class organizations.
A call center might benchmark its customer satisfaction rating by asking customers to rate their service based on their experiences. They might also collect data about waiting times, call lengths, first contact resolution rating, occupancy and shrinkage.
Three different types of benchmarking can be defined in this way: process, performance and strategic. Process benchmarking is about comparing the steps in your operation versus the ones that others have mapped out.
Benchmarking is a process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.
Benchmarking involves looking at current trends in data and projecting future trends depending on what you aim to achieve. In order to know you have been successful, benchmarking needs to be a continuous process. Monitoring performance is an inherent characteristic of it.
The word benchmark has its origins among surveyors who chiselled these marks in stone to indicate levels and heights as reference points from which the constructions could be calculated. An angle-iron was placed within the cuts to form a “bench” on which to place a levelling rod.
There are four main types of benchmarking: internal, external, performance, and practice. 1. Performance benchmarking involves gathering and comparing quantitative data (i.e., measures or key performance indicators). Performance benchmarking is usually the first step organizations take to identify performance gaps.
According to CFA Institute, an appropriate benchmark is one that is specified in advance and is relevant, measurable, unambiguous, representative of current investment options, accountable, investable, and complete.
For example, benchmarks could be used to compare processes in one retail store with those in another store in the same chain. External benchmarking, sometimes described as competitive benchmarking, compares business performance against other companies.
Healthcare benchmarking is the process of comparing one hospital, department, service line, provider group, or other dimension with another for the purpose of quality improvement.
Introduction: My name is Mrs. Angelic Larkin, I am a cute, charming, funny, determined, inexpensive, joyous, cheerful person who loves writing and wants to share my knowledge and understanding with you.
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