Meaning of the word benchmark in English

What does benchmark mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

benchmark

US /ˈbentʃ.mɑːrk/
UK /ˈbentʃ.mɑːrk/
"benchmark" picture

Noun

1.

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

Example:
The new software sets a new benchmark for performance.
We use industry best practices as our benchmark.

Verb

1.

evaluate (something) by comparison with a standard

Example:
We need to benchmark our performance against our competitors.
The company plans to benchmark its salaries against industry averages.
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