ELECTRI International’s Key Performance Indicator (KPI) benchmarking tool is designed to allow electrical contractors to input, track, and analyze performance data, enabling them to benchmark against industry peers over time.
By participating in ELECTRI’s initiative, contractors gain valuable insights into their operations, identifying strengths and weaknesses. Personalized dashboards showcase key metrics in a clear format, enabling contractors to identify the factors that contribute to project success. With this powerful tool, they can make informed data-driven decisions that enhance their performance and competitiveness.
Benefits
The KPI benchmarking tool helps electrical contractors enhance their competitive edge by providing insights to identify trends and improve efficiency. With secure data access, a user-friendly dashboard for tracking metrics, and benchmarking against industry standards, it enables informed decision-making. A simple login streamlines data entry, fostering a collaborative community for sharing insights and best practices.
Data Protection
Our KPI benchmarking tool prioritizes data security, allowing users to assign permissions to control access to sensitive information, which enhances accountability and instills confidence in data protection.
Data Dashboards
The platform features an intuitive dashboard that offers clear visibility into various Key Performance Indicators (KPIs), enabling users to quickly assess performance and track trends through visually engaging charts and graphs.
Benchmarking
The benchmarking feature allows contractors to compare their performance against industry peers, helping them identify improvement areas, set realistic goals, and align their strategies with industry standards for enhanced operational efficiency.
The KPI System
The KPI system is user-friendly, allowing contractors to log in and answer industry-specific questions to track their data accurately. This streamlined process helps users understand their performance relative to peers, offering valuable insights for strategic planning and operational improvements. By engaging with the system, contractors can actively participate in benchmarking, fostering a commitment to growth and excellence.
Sample Reports
Cash Flow
Definition: Percent and/or cash amount positive or negative of cash going into the business versus cash going out of the business based on interval of choice.
Hours Burned vs. Hours Earned
Definition: Comparison between portion of project estimated hours complete compared with the actual hours spent on the task. This is the labor performance fac- tor (needs to reference the labor factor used at bid time for a full comparison).
This KPI website is a game-changer for our industry, offering a first-of-its-kind tool to benchmark performance data. This will not only help us identify where we can improve but also allow us to better understand how we stack up against industry standards. It’s a huge step forward for electrical contractors to drive success through data-driven insights.
—Toby Mitchell, Classic Electric & Consulting Corp