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	HR - Benchmark Definition Description
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	At A Glance
	This Word document is a template defining benchmarking.
	Background
	Developing a benchmarking definition is the first step to implementing a company-wide, formal benchmarking methodology for improving business performance. This tool defines what benchmarking is and what the benefits are.
	Benefits
	Using this tool, you will be taking the first step towards implementing a process by which many successful companies have constantly improved their business and business processes.
	Time ROI
	It takes on average 3 hours to research available information and develop a Definition for Benchmarking. By using MyWorkTools.com, you will save approximately 2.5 hours since all you have to do is input company specific information.

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