In addition to industry, size and complexity also play a major role in selecting and understanding peer group relevancy
We look at four key size and complexity demographics when selecting peer groups:
- Annual Revenue (size): Annual revenue is used to assess the size of organisations for most functions where effort is often dictated by sales. Revenue is particularly relevant for Finance, Sales, Marketing, Indirect Materials, Legal, Real Estate & Corporate Services
- Employees (size): Number of employees is used to assess the size of organisations for functions where employee count has a significant influence. This is used as the primary decision point for assessing Human Resources & Information Technology
- Number of Legal Entities (complexity): Legal entities help us understand the degree of organisational complexity from a legal perspective. An organisation operating with a large number of legal entities has more complex processes and activities such as Tax, Corporate communications, etc.
- Number of Countries (complexity): By understanding how many countries have operating employees, we can understand the geographical (and legal / compliance) implications of complexity. For example, an organisation operating in many countries may have scale of employees to understand specific compliance requirements and languages of various operating locations
Each peer group has been selected to reflect the target market within the Australia Solutions offerings. As organisations use the benchmark solution, peer groups will be periodically updated to add geographical relevance.