What are the best performance indicators to benchmark for career growth?

3 Impact evaluation

A third way to benchmark your career growth is to evaluate your impact as a business manager. Impact refers to the value and results that you create and deliver for your organization, customers, and stakeholders. You can use different types of performance indicators to measure your impact, such as financial, operational, customer, or social metrics. For example, you can track your revenue, profit, efficiency, quality, satisfaction, retention, or reputation indicators to see how you contribute to the success and sustainability of your business. You can also align your impact indicators with your organization's vision, mission, and goals to demonstrate your alignment and engagement.

4 Career advancement

A fourth way to benchmark your career growth is to monitor your career advancement as a business manager. Career advancement refers to the opportunities and outcomes that you achieve and pursue in your professional development. You can use various criteria to measure your career advancement, such as salary, promotion, recognition, network, or influence. For example, you can track your income, rank, awards, contacts, or reputation indicators to see how you progress and excel in your field. You can also align your career advancement criteria with your personal values, interests, and aspirations to ensure your satisfaction and fulfillment.

5 Benchmark comparison

A fifth way to benchmark your career growth is to compare your performance indicators with those of other business managers in your industry, sector, or region. By doing this, you can gain insights and perspectives on how you perform relative to your peers, competitors, or role models. You can use various sources and methods to obtain and analyze benchmark data, such as reports, surveys, databases, or interviews. By comparing your benchmarks, you can identify gaps, opportunities, threats, or trends that affect your career growth and development. You can also use benchmark comparison to set realistic and challenging goals and targets for yourself.

6 Benchmark review

A sixth and final way to benchmark your career growth is to review your performance indicators regularly and systematically. By doing this, you can track your progress and performance over time and across different dimensions of your career. You can use various tools and techniques to conduct and document your benchmark review, such as dashboards, charts, journals, or portfolios. By reviewing your benchmarks, you can celebrate your achievements, recognize your challenges, learn from your mistakes, and plan for your future. You can also use benchmark review to adjust and update your goals and strategies as needed.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?