Are Your Operating Expenses in Check?

By providing a granular breakdown of expenditures, the 2023 Operating Expenses Benchmarking Tool enables leaders to assess the current state of their operations and plan for the future strategically.

This Tool Will Help You:

Calculate your Growth Strategy: Define the return on investment for AI Tool investments to support your team's efficiency and boost your bottom line.
Analyze Staff Hierarchy and Labor Expenses: Gain a comprehensive view of your staff hierarchy within each department and determine how much of your labor expenses are allocated to these employees. This information aids in optimizing your workforce structure for maximum efficiency and cost-effectiveness.
Gauge the Ideal Overhead Workforce: Understand the typical number of overhead employees that align with your firm's staff size. This data-driven approach allows you to optimize your workforce for efficiency.
Compare Spending Against NSR: Benchmark your overhead spending in crucial areas such as finance, HR, IT, and marketing relative to Net Service Revenue (NSR). This comparison clearly shows how your expenditures stack up against industry standards.
Department-Level Insights: Break down your spending in each department to identify areas where your firm may outperform or lag behind industry benchmarks. This enables you to focus your resources on areas that require attention.