Related Posts
Bowl Leader
Bowl Leader
More Posts
Community Builder
How to move from Barclays India to Barclays UK?
Pro
What’s everyone a/s in this bowl?
Additional Posts in Accounting
Seniors: a managers best punching bag.
Is big 4 PCS a dead path?
Public. The greatest pyramid scheme.
What are some good personal finance books?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Just make sure to hit somewhere between 90% - 95% so you wouldnt get any questions. Staff 1s usually get away with a lower than target utilization.
Denominator is always 2080 hours (standard annual days * 8 hours per day). Most of us "record" onto our time sheets much more than 2,080 total hours. But the utilization % is still measured based on 2,080. If you charge 1800 hours to client codes, 100 hours to education, 100 to admin, 160 to vacation, and 64 to Firm Holiday/Personal days, your full utilization percentage is 1800 divided by 2080 or around 90 percent. Some Firms also have a secondary "effective utilization" metric that takes the 2080 and reduces it by vacation/holiday hours to get a revised/lower denominator that creates a higher effective utilization percentage. For example, 1800 divided by 1856 (2080 less 160 less 64 in my example) would be an effective utilization over 100 percent.
Utilization is the measure of what your billable hours are over your total hours booked. It measures how much time you're spending billing clients vs doing non-revenue producing activities (admin, training, etc...). The firms all have target values for each level. Nothing to worry about as long as your close to the targets.
Isn't the denominator just 40 hours per week (or # of billable hours requirement if more than 40) * 52 weeks?
79 whooooohoooo
@manager 1.. what you indicated makes it sound like your utilization goes down when you work on internal projects.. seems weird. At PwC your hours booked that are non billable dont effect your utilization unless you are replacing what should have been a billable hour with an hour of G&A or other non-chargeable code. I believe it's calculated out if 2080 total hours or something like that, not total hours booked.
Ya sorry forgot to mention that part. It's based on a set number of hours. Not 2080 because in busy season 100% utilization is 55 hours a week, but similar math.
So in theory it measures the same. If you're booking time to a non-billable code then the hours don't go into the numerator when calculating utilization.
That's not true ^ internal projects do go into the numerator and denominator
*close to 100 percent