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{ "media_type": "text", "post_content": "Is utilization just a tax thing?", "post_id": "5873cb1358b2cf00105f18c4", "reply_count": 21, "vote_count": 3, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }
You are currently posting as works at Tax Associate

Is utilization just a tax thing?

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You are currently posting as PwC 2

Fuck utilization

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You are currently posting as KPMG 1

We have it in advisory

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You are currently posting as EY 1

Please my utilization is 30% lmao but we heading into busy season so it'll go up. Just no work to do 🙄

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You are currently posting as PwC 2

It's funny how we're judged on utilization even though it's a metric we don't control

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You are currently posting as Tax Associate

Haha yea thanks ya'll. I'm just curious since in tax everyone makes it seem like utilization is a life and death matter lol

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You are currently posting as EY 2

I got bumped down from a 4 rating to 3 for low utilization. But like Audit Senior 1 said, if they want to give you the short end of the stick they can always just use utilization as an excuse.

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You are currently posting as EY 4

Lol my utilization is in the 20s% somewhere going into busy season. It's completely out of my control so IDGAF.

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You are currently posting as EY 1

^ same boat bro? What group you in ?

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You are currently posting as Audit Senior 1

We have it in audit

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You are currently posting as Audit Senior 1

They've used low utilitization to let some ppl go. Not sure how much a high utilization rate would help though.

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You are currently posting as KPMG 1

@CH1 that sucks. Utilization is used for promotions and bonuses for us. My 105% utilization was on the low end last year.

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You are currently posting as EY 1

Lol that means I might get booted/no bonus/ no promotion 😂 im exceeding every goal so far oh well

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You are currently posting as EY 3

@CH1 thats awful. Our utilization is based over 40 hours regardless of total hours. 40 hours chargeable + 10 hours other is still 100% util.

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You are currently posting as EY 4

Tax

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You are currently posting as EY 4

Department? DSG

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You are currently posting as Tax Associate

Is it also one of the main metrics relevant to your performance/promotion?

You are currently posting as Crowe Horwath 1

Our utilization is annoying, it's out of all the hours we work in a week. So if you're chargeable 40 and only write 40, great, 100%. But If you work 40 and log 45 because 5 hours are travel, your utilization is 88%.

You are currently posting as PwC 1

I'd say utilization matters quite a bit in end of year performance discussions for associates, and less as you move up the chain. Basically just due to the fact that there are fewer differentiators at the associate level, esp as a new associate

You are currently posting as Deloitte 1

The grease that makes public accounting turn

You are currently posting as PwC 2

That's interesting I think ours mimics CH

Related Posts

You are currently posting as works at Deloitte

It's beginning to look a lot like...extra hours because Utilization.

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You are currently posting as works at Accenture

Advances in dry shampoo have made it entirely too easy to say "fuck it... I'll shower tomorrow" after getting 4 hours of sleep in the name of a deck that will be under utilized.

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You are currently posting as works at EY

Yo momma so fat her standards are lower than my utilization rate.

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You are currently posting as works at EY

Nothing gets me juiced like passing some schmuck on the utilization report.

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You are currently posting as works at Deloitte

First year BTA and I have 55% utilization and am still on the beach. Am involved in tons of initiatives and have constantly reached out to projects on GSS and just never hear back. How screwed am I?

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You are currently posting as works at Deloitte

Is 80% utilization a problem at Deloitte if I joined in last September?

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You are currently posting as works at Accenture

Accenture Strategy Analysts - what's your utilization rate this year? I'm at 74%, been unstaffed for 8 weeks now and starting to get worried.

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You are currently posting as works at EY

Bumble an acceptable use of my utilization hours?

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You are currently posting as works at Deloitte

As a new consultant... How attainable is the utilization goal in general? I know there are several factors but high level: do most people hit it?

You are currently posting as works at PwC

Associate with low utilization lives in Central NJ asked to commute to CT for few weeks to work on a client. "I can't, it's too far." Ok, don't complain when you are 3 rated with no bonus #millenials

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You are currently posting as works at Deloitte

How does PTO and Holidays affect the utilization calculation at your firm?

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You are currently posting as works at Consultant

Joining Deloitte on Monday. Sound like they want to send me to a few training bootcamps for analytics. Will attending these hurt my utilization rate, thus resulting in a poor end of year rating?

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You are currently posting as works at PwC

Reasons I rarely come into the office. Overheard in the elevator: I'm so busy this week...I'm at like 70% utilization. Also, reasons why I hate non-advisory people.

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You are currently posting as works at Deloitte

Been on the beach for almost 3 weeks and training next week. There goes my utilization! #kindofenjoyingbeachtimethough

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You are currently posting as works at EY

When you become OCD about your high utilization and don't want to take vacation

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You are currently posting as works at Deloitte

Does PTO count against your utilization at your firm? Want to take all the PTO that I deserve but utilization is gonna suck 🙄

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You are currently posting as works at PwC

What is the utilization rate based off of? 40hr/week? Or off of targeted annual hours (i.e. 2400 hours)?

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You are currently posting as works at PwC

How do I check my utilization?

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You are currently posting as works at Deloitte

105%+ utilization. 200hrs PRD work. Still a year end 3. What's going on!!

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You are currently posting as works at Deloitte

So no chit there I was, in BFE standing around watching people work. #utilization.

Additional Posts

You are currently posting as works at Betateam

Yeah you're right. It cuts after two lines instead of expanding.

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You are currently posting as works at Merkle

How great would office emojis be in this app?

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You are currently posting as works at Pixable

Ah now it did.

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You are currently posting as works at San Francisco

Do you see this post? 12:59am

You are currently posting as works at Betateam

Testing a new post at 12:06PT 5.12

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You are currently posting as works at Betateam

Posting from the top side.

You are currently posting as works at Betateam

Changed my company but it didn't update!

You are currently posting as works at Merkle

How does this sound?

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You are currently posting as works at Strategy&

Graduated in 2019. My parents filed me as a dependent without telling me on their tax return - now I lose a whole lot of money ($3k+) because I can’t file as an independent individual. What’s the best way to rectify this? A 1040X is kind of slow and not reliable according to friends (the IRS can’t receive electronic versions) - is there a better way?

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You are currently posting as works at PwCBadge Image

Pro

Some thursday perspective.

Post Photo
likefunnysmart
You are currently posting as works at PwC (PricewaterhouseCoopers) LLP (Consulting Practice)

Tips for declining but not really declining a project? Think I may have committed career suicide already...

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You are currently posting as works at McKinsey & Company

"Travis Kalanick steps down." Now that Uber doesn't have a CEO, COO, CFO or CTO, they may finally qualify as a self-driving car company.

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You are currently posting as works at PwC

Pwc..thoughts on Salary for M2 in FS?

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You are currently posting as works at EY

For those of you leaving consulting for your MBA, what careers are you hoping to get into? Financially will you be coming out ahead? For many who leave I don't see the cost / benefit.

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You are currently posting as works at Manager

Deloitte folks, what happens if you just sell / lose the corporate iphone you receive and keep your own personal iphone using the sim card you were given?

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You are currently posting as works at Deloitte

How many people are dating other consultants? It's just so much easier not having to explain all the baggage that comes along. No pun intended.

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You are currently posting as works at ZS Associates

Traveling for the holidays, and greeted with Accenture transforming business ads in every airport terminal. If only the firm can be as creative in their client engagements as they are in their ad making.

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You are currently posting as works at KPMG

When applying for a new job, do you include your most recent bonus when they ask for your annual salary?

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You are currently posting as works at Consultant

Decided to move to out of consulting and accepted an offer. What's the best way to break the news to my firm? I am with firm D on the beach right now and on H1b

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You are currently posting as works at Accenture

Just received my annual raise, is it too soon to ask for more?

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