In Part 1 and Part 2 of our benchmarking blog series, we introduced benchmarking and provided examples of key benchmark findings for staffing companies. Based on these findings, we identified specific problems for the companies to solve. This blog provides some hypothetical solutions stated below.
Based on benchmark analysis, we find that all companies had the ability to meet their short-term obligations and utilize their current assets efficiently and properly. Some KPI/metrics indicate red flags in areas that need to improve.
Our Client Accounting & Advisory Services (CAAS) team is helping businesses of all sizes gain a competitive advantage by focusing on specific practices and operations that are centered around your needs and goals. We offer insight and support to help you make critical business decisions that lead to improved profitability. If you have any questions about benchmarking in your industry, please leave a comment below or feel free to contact me directly. I’m happy to help!