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Had 2 hours of billable work today 💀
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Hello All, I have one question. I was a fresher and joined one organization as external employee with third party payroll. I worked as external payroll for 1 year then I became permanent employee of organization was working. When i was a fresher my salary was below tax slab so my external exployer did not generate any form 16 for me. When tried to switch my new organization wants me to submit form 16 as BGC process. Will my offer get reverted?Cognizant Tata Consultancy HCL Technologies Accenture
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Consulting firms have billable requirements as well
My fiancé is a big4 consultant and they just have to enter 8 hours a day. Nothing to the level we do. However, I’m sure it can vary from firm to firm/client to client.
Also noteworthy is that they typically have 1 client at a time. So much easier to plug in time entries.
Enthusiast
Accountants too
Big 4 are typically measured by “utilization” instead of gross billed hours. They look at your total workable hours and then how much of that was billable. They typically subtract vacation, training hours etc from both the numerator and denominator, so it’s a completely different metric. Utilization aside, they also expect somewhere around 1600 of client charged numbers.
I have a friend in architecture, landscaping, and design and they also have to keep track of their activities/time so they can bill the clients accordingly
Mentor
Lots of consultants and white collar professionals charge hourly, it's inevitable most of the employees have minimum client hours or their compensation is tied to charged hours in some way.
A lot of defense contractors do this too so they can justify the costs to the government.
Enthusiast
+1. My sister works for a major defense contractor and has to bill her time. Her supervisor checks weekly to make sure she’s hitting 40 hours, which sounds rough—if she has an insane week one week, she can’t chill the next, still has to find 40 hours to bill.
Consulting projects are typically organized in such a way the requires less of the client - to - client context switching that some transactional attorneys have to deal with