PwC people. Got an email for minimum utilization required for tier 1 or 2 bonus. What is this?!

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Actually, the more I think about this the more I support it. I've never had an issue being utilized, and while this forum likes to wax philosophical on how pointless it is to evaluate a person by the money they make their firm, it really is the most important metric upon which you can evaluate a person at the SA and low M levels of our company.

If you are an employee with more than 1 year at the firm, then utilization issues are usually your own doing.

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I am fully supportive of it. I am in a practice that is almost 100% utilized and it would piss me off that someone who is below 85% in another practice can get a 1 or a 2, when I'm working my ass off. Sorrynotsorry

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Punishes people that prioritize short cooler projects over long boring ones 😐

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100% is bull. Even if always busy. Most of my work is fixed fee, 8 hours. 1-2 weeks between projects, throw in a training they send us to for a few days, and you could be screwed

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P13. A bit short sighted I think. If one group is down a bit for that year, Top performers may leave without high tier bonuses, further impacting that group. Only hurts all of advisory in the long run.

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^^ he's right though

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Director targets are way high - and if truly all directors are utilized at or above the minimum - crazy impact on margins. 🤦‍♂️

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My heart and prayers go out to the S& folks.

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Blown. We also have to submit a snapshot for some bullshit reinvest activity

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Top performers usually don't have an issue hitting their utilization metric.

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It will screw over engagement profitability along the way as people hammer hours. Not getting it.

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To be a senior, shouldn't be hard to hit 84%... seeing that I was at 115+ this year

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In my few years here never had a problem staying 100% utilized. I actually think it's a great way to make it transparent.

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Well new associates just need to staff themselves then. 😂

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I do think there may be unintended consequences to profitability metrics because of the time guidance - that being said, it will likely drive greater accuracy in time charging which is super important for leadership to make accurate decisions.

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IPS and TMT will both have this requirement this coming year - not sure about other Verticals

Hope everyone is in a booming practice!

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^ not true. It has to do with the project you're on. People on long term say implementations are guaranteed 100% vs someone doing a bunch of assessment or small strategy gigs throughout the year

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Just another way to excuse leadership not giving you a good bonus. These targets would have worked in my favor the past 2 years, but you can easily get screwed by being on the bench for a few weeks.

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It's like they want people to leave

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I foresee a lot more engagement financials issues in the short term. People won't be as willing to ghost hours, which hopefully will force leadership to accurately budget hours in the long run

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