Operational index
The operational index is an evaluation method within the framework of the concept of indexed operational performance measurement . The operational index is the median or average of a key figure from comparable companies, so-called peer companies . In the indexed operational performance measurement, the operational index is compared to the company performance. In the more general usage of the word, the graphic representation itself (see below) is also referred to as the operational index.
example
The figure below shows the operational index. The operating index of the EBIT margin is shown as a blue line. In addition to the operating index of the comparable companies, the first and third quartile boundaries (boundaries of the blue shading) are also entered in the graph . The blue areas therefore show the EBIT margins of 50% of all comparative rsp. Peer company. These comparative values of the key figure to be assessed are compared with the values of the company to be assessed in an indexed manner; the points in the figure are shown as orange with a line.
Bonus targets based on the operational index
Bonus targets can be indexed using the operational index in order to reduce external influences in the performance measurement (see performance-based compensation ). An example of indexed bonus targets is the bonus index, which is published annually by the Zurich financial research company Obermatt, the operational index for German HDAX companies and Swiss SMI and SPI companies.
Cross references
- Indexed operational performance measurement
- Operational alpha
- Operational rank
- Operational radar
- Operational contribution
swell
- ^ Hermann J. Stern : Benchmarking in the supervisory board for corporate management . In: Journal for Corporate Governance ZCG. December 2007 Article as PDF ( Memento of the original from August 28, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Stern, Hermann, "Making Bonus Systems Fair and Crisis Proof", March 11, 2009. Article as PDF in SSRN and Stern, Hermann, "A bonus in the recession? - Yes, provided it is market-oriented!", In: CFO Aktuell, December 2008 Article as PDF ( Memento of the original from October 11, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ HDAX bonus index: Börse Online, May 7, 2009, page 11; SMI / SPI bonus index: Finanz & Wirtschaft, April 29, 2009, page 25; Online sources: Free download of the bonus indices from www.obermatt.com ( Memento of the original from May 18, 2009 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
