Using The 75 Kpis Every Manager Needs - 1870 Words

Using The 75 KPIs Every Manager Needs To Know | Bernard Marr | LinkedIn. 2015. The 75 KPIs Every Manager Needs To Know | Bernard Marr | LinkedIn. [ONLINE] Available at: https://www.linkedin.com/pulse/20130905053105-64875646-the-75-kpis-every-manager-needs-to-know. [Accessed 16 October 2015]. I Picked 10 Kpi s from this Researched and these are my results. Operating margin By having a good operating margin which is a margin ratio used in measuring a company s pricing strategy and operating efficiency. The operating margin, measures your operating profitability, it indicates how much of each dollar of revenues used is left over after both costs of goods sold and operating expenses are considered. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company s core business is. For example, I created a mock report called Dean s report In the report I have the following numbers on my financial statement for my event I held. Net sales: $1,000,000 cost of goods sold: $700,000 rent: $20,000 wages: $100,000 other operating expenses: $50,000 net sales – all operating expenses = 530,000 Then create a formula similar to this .53 = 530,000 - 1,000,000 as you can see, Dean s operating income is $530,000 (Net sales – all operating expenses). According to the formula used, Dean’s operating margin is .53. By taking that away from 110 this means that 57 cents on every dollar of sales are used to pay for variableShow MoreRelatedVelina Jackson. Dr. Thomas Hennefer. Hrm 599 Human Resource1177 Words   |  5 Pagesis what HR and management hold at high demands and they lead by example. To transition the Human Resource department in becoming an innovative and driving force of the organizations to become a driving force of the 21st century, the HR department needs some assistance. This paper covers the human resource management strategy developed to support the company’s business strategy. 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