Definitions

1. noun

a standard or point of reference against which things may be compared or measured

“The company set a new benchmark for customer service in the industry.”

2. verb

to establish or measure something against a standard or point of reference

“The new employee’s performance will be benchmarked against that of her colleagues.”

3. noun

a performance or achievement that is considered typical or average

“The company’s profits are above the industry benchmark.”

4. noun

a standard or level of quality or performance that is considered acceptable or desirable

“The restaurant exceeded the benchmark for cleanliness set by the health department.”