{ "media_type": "text", "post_content": "I have a utilization question: if you’re scheduled for 40 billable hours in a week but you finish the work in 30 hours you’re 75% utilized which may or may not be fine depending on ur firm. \n\nBut if you finish the work in 50 hours, youre 125% utilized but you’re going over budget (providing you don’t eat hours). How do you reconcile the 2?", "post_id": "61e301861b28a6002cf0d646", "reply_count": 22, "vote_count": 1, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }

I have a utilization question: if you’re scheduled for 40 billable hours in a week but you finish the work in 30 hours you’re 75% utilized which may or may not be fine depending on ur firm. But if you finish the work in 50 hours, youre 125% utilized but you’re going over budget (providing you don’t eat hours). How do you reconcile the 2?

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That's the neat part, you don't.

likefunnysmart

The only reward for finishing work early/more efficiently than others is more work. So don’t worry about underutilization due to being efficient

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If it only takes you 30 hours due to efficiency, still charge the 40 then you’re always 100% and getting your work done

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Seriously, it’s completely unethical. If the engagement is time+materials, it opens the firm to legal repercussions. If the work took 30, charge 30; just like if it took 50, charge 50.

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they’ll tell you after hour # 30 to reach out to every manager you know and ask for more work Most people just charge 40 anyway. Ex, you file an audit early & but still charge 40 for the week & if asked you say you were getting the database ready for archiving.

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Charge 40

likesmart

Charge what you work, work what you charge. Utilization and realization will take care of themselves. It is more important to learn your craft than to worry about the budget.

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Be as efficient as you can and find other work to do. Maybe it’s group dependent, but I generally never had less than 2 weeks worth of work lined up so I would just move on to the next thing. You won’t be doing yourself favors by blowing the budget and being inefficient to get a higher utilization. Just do good work at your speed and it’ll work itself out.

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Assuming you’re work is high quality and your manager / partner likes it, then so what if you finish it in 30? This is a positive for you - you can take on other responsibilities. You’ll learn more and develop faster. If it takes you 50 hours, as long as it’s high quality etc etc, it’s not the end of the world. I think you just need to communicate the reasons, perhaps identify them early in the process, to avoid surprises. For example, if the client provided info that isn’t what we expected, thus you took more time, get in front of that. And in no cases do you eat time. None, zero, zilch. Communication is the best asset here.

Interesting responses. Half the ppl say charge 30 and half say charge 40

No policy that says charge what you work and work what you charge? That's what my firms policy says and that's what I do and tell my team to do

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