Do any other firms have really high utilization goals? When I was in audit as a senior associate, my goal was 87%. Which made sense because we had busy season to make up our hours.

Now, a consultant, my company has a 95% utilization goal. But I did the math and it’s only ~13 days of PTO/sick/any other unbillable hours? And the handbook says take a MINIMUM of 3 weeks? Also 30% of our bonuses is based on whether we hit our utilization goal. Am I missing something? Anyone else have experience?

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We expect our cashiers to be 98% utilized

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We don’t include PTO in our utilization calculation. I think 95% is pretty standard for the lower level roles that don’t have a sales target.

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Ohhh okay thank you!

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PTO is not factored in to the denominator. And yes, 95% is what I had at my old firm as a post PhD hire. Now as EM at another firm, it’s 70%, for context.

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It depends if it is based on full utilization (includes PTO and holidays ) or effective utilization (not including PTO and holidays)

Overtime

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There is no overtime. The govt client I’m on is a strict 40 hours & would have to get permission

smart

It's easy. When you're on a project, bill actuals. You'll hit 95% easily with 4 months on the bench.

When they complain, hit them with the "where would you like me to ghost my hours?"

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A quick path to being sidelined for any future work

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Forget that. Tell us about auditor to cashier story. Are you retired, are you having that office space movie’s main character moment…..

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Noo my fishbowl synced with my old indeed account 🤣 it’s not up to date. I’m unfortunately far from my main character moment

likefunny

My firm is 80%, but expects the other 20% to be PD work, for my level, I should add

Oh, sorry. I meant as the floor. Don’t go lower than 80

What firm are you from? We do include PTO hours in denominator.

Yeah when I was at Grant Thornton everything counted against us.. holidays, vacation, training, etc. but it would always work out because of busy season

15+ years ago I was at Deloitte GPS and PTO was not accounted for in utilization back then. Analysts had a 95% target, if memory serves, and that pretty much put you between a rock and a hard place on the typical 40 hour capped fed project back then if you had any bench or training time.

I’m at boutique and 100% of our bonus is utilization… and PTO and Federal holidays count against us 🫠

Practitioners are expected to be billing 100%. Principals need to be meeting and exceeding their sales goals. If you don’t fall into those categories, you are always at risk.

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