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What are your thoughts on the high utilization rate goals for SC/C/As? Seems like a terrible system to make junior practitioners accountable for what they have no control over

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I agree. Utilisation goals are so easy to manipulate and put pressure on people that I really don’t see the point of them. Setting higher and higher goals doesn’t really change the output or the fees earned. We should be measuring output not input and clients should be paying for output not input!

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VP1 that is just not true. I sit in consensus meetings all the time and they get ‘down rated’ for lower utilization

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Just say what I’ve seen.

By ‘down rated’ do you mean going from a top rating to an average one due to lower than target utilization? Yeah, that happens all the time. Or do you mean someone missed their utilization target by a few points and got a below average rating?

I agree is some one had a target of 85% and only did 50% there needs to be a good reason. Did they do an internal initiative or work on a large BD effort? If that’s not there, that person is probably at risk for a bad rating.

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More junior staffers do have some control over their staffing. Do they take roles offered to them? Can they stay on projects or do they get rolled off? Do they have a reputation that helps in their landing roles or hurts them?

Also, I’ve never seen an analyst or consultant get dinged for utilization unless it was significantly off the mark (like 15+ percentage points) and there was a performance reason why.

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Related Posts

Promoted to SSE with 25% hike and VP as 9% . I had received ACE award in Q3 . I have also maintained utilization report 100% still I got less VP. Can I ask manager to revisit the component

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Hi fishes,
How utilization Pytd plays important role of any ,when you are in milestone year ?

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How much can I expect per month with full 80C and NPS utilized?
I am planning to take home loan ok 40L.
Also, how can I save maximum tax through HRA?
Thank you.

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I think the utilization metric is so flawed, yet it seems to be the number 1metric people rely to judge fdd staff. It heavily penalizes efficiency (if it takes everyone 5 hours to complete something what motivation do I have to be faster only to need to fill any saved hours with more work). Can you share any ideas on how to improve fdd metrics or perhaps share what your company does that makes performance great again.

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Hey Guys, wanted to know whether utilization gets adjusted when you take LOA. TIA

likehelpful

I'm non compliant on CPE by a lot, when is the cutoff date to become current? June 30 or is it the same time that utilization is cut off?

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Management: We will not be able to pay out raises this year because there is not enough work. The current economic situation has impacted our clients and the firm financially.

Also Management: You better work a minimum of 50 hours a week this busy season or your utilization will drop into the 70s.

likeuplifting

Does utilization matter your first year? Keep hearing im gonna be rolled on something long term and then something month-long pops up in the meantime. Rinse and repeat. Kinda anxiety inducing

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110% utilized, passed CPA, travel coast to coast every week, worked on firm initiatives, SMR, managed peers, led trainings, worked on multiple proposals, significantly exceeded expectations = 3 rating

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Why do the big four keep hiring college students aggressively then fire them after a year for having low utilization. Why not just hire the amount you can actually staff

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Do you use your sick days when you're actually sick and being utilized, save them for vacation, or not use them at all?

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Quick question, YE conversations are in the 3rd week of July for me, 85% is the utilization target and I'll be at or just above 84% by the time the conversations happen. Do you think it'll be held

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Hey guys, how much can I draw as take home from 25lac fixed ctc?

I have maxed out 80C(1.5lac),
Utilized 80CCD(1B) (NPS) - 50k
Health insurance corporate premium - 12000/- per year.

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2nd year SC in S&O finance, what can I expect for a bonus with a 3 rating? I had 90% utilization and solid reviews. Wonder if it’s worth staying until Sept or to leave for the right opportunity...

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It’s bugs me when I see people using advise in instances where advice should should be utilized.

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Accepted a full-time RA position after internship. Starting in 4 months. Any advice on gaining the right engagements? Is it random? Who should I talk to? I want to be utilized and grow right away.

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I had 60 day late payment of 35 bucks in Jan. It was new Amex Hilton card I opened for stupid points. It was reported and my credit score had been consistently dropping from last 6 months. It was 780 and now is 735. I realized this 3 months and been paying my credit card bills immediately. Infact I have overpaid each card to have negative balance so my credit utilization is almost zero. What else I can do to repair the damage. I am applying for homeloan and this is big issue to get best rate

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Hey I am a first year associate that started Jan and I have no work during busy season. They told me they overstaffed and now my utilization is really low. I am worried I might get fired over this.

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Hi fishes, since the performance year started from Feb 7 to Dec 10, 2021 the performance is evaluated only between this time frame. So if I'm not on any project from Dec 11 to Feb 1st week of next year would that be considered for my next year end evaluation and utilization?

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Additional Posts in Making Work More Human - A Q&A with ex-KPMG Partners 11/6

Hey everyone! I want to learn but there is so much information. What tips can you suggest for a novice trader?

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Hola pescados! Tonight’s dinner is Arroz con Pollo. Enjoy!

Post Photo
likefunny

Anyone take the CIPM recently? How was it?

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Hi Everyone,

I recently got offer from PayPal.
The total CTC is
Fixed 29lpa
Variable 2.9lpa
Stocks $24k vested over 3yr
Overall yearly is coming around 38LPA

In GS my current fixed is only 13LPA but got bonus of 3lk last yr on a prorated basis as i joined only last yr may.

Not sure if i can ask GS to match my offer from PayPal and im hesitant to switch. ( Note as per my recent conversations with my managers I'm up for promotion in dec)
Not sure to switch
Please advise on the same

YOE: 5.5yr

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Does anyone know what the salary band is for a Business Operations Manager at LinkedIn? I’m interviewing now and want to be prepared.

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How dumb am I for forgetting the e-file authorization form and filing instructions for a form I was supposed to email my manager? The instructions I was given was to email the form.

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When we would start receiving hike letter ?

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Het ladies, if you could create the most helpful women initiative at a bank, what would it be?

What are the best start up accelerators out there for pre-seed start ups? I’ve heard YC isn’t bad. Any other recommendations?

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Any recommendations for good vacation spots in December that are warm/beachy? Preferably not crazy expensive but still safe (can be in or out of the US) - thank you in advance!!

All VET holders... in true honesty, how you feeling? Is Vechain 💀?

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Lmao here we go

Anyone heard of SEI (Systems Evolution Inc.)? Any insight good or bad?

likehelpful

Is it common for recruiters to ghost in the very last minute without even indulging in the very first phone call even after promising to meet in the assigned time? Has anyone came across such things?

DC 🐠: single 33M transferring to the area next month with a 650k mortgage budget. Will be working in NoVa but want to live in DC proper. Any suggestions on which area to get a condo/townhouse?

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Happy Friday Bowl!
Just wondering are there any black women that hold senior level positions in advertising?

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Additional Posts (overall)

Appalling how disrespected "non consulting" folks are treated. Essential HR, Recruiting, IT are expected to perform like partners yet get paid like interns with no appreciation given. Please fix thx.

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Would love to work with you, for you and others like us. Let’s make this a success and reset the industry with this as the new normal.

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I 💯 love this concept and fully support the founders. We need mega transformation in our own industry. We’re supposed to be agents of change .... let’s demonstrate that WE can.

likehelpful

Has being a woman hold you back in any way on your journey to partner? If so, how and how did you overcome it?

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So cool and congrats! The focus on inclusivity is important. I’m wondering what other values/goals will be foremost? Climate sustainability is one close to me personally and I’m curious about that

I specialize in a niche. I find that this niche has large ebbs and flows within consulting firms, and because of that I feel highly expendable. How do I create stability at an org in this environment?

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What made you stick with a big four until partner? Obviously bad days & good days but what motivated you through it all?

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Why is everything optics and a facade in consulting?

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How has initial client feedback faired to your approach, and does this affect the profile of clients with which you can work with?
(Ex-TS KPMG - huge respect for you both and excited 4 your venture!)

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We will be expanding to the US next year. Keeping in mind we are deals focused, where do you think we should have our first 3 offices?

likeuplifting

We will stop for now as it is late. Thanks everyone for the questions and for sharing your views with us. We know the changes we want are not to easy but we will push for them anyways.

likeuplifting

Just read about you and have to say I would love to work with you/for you.

likesmart

I am still in the office answering your questions and really enjoying it (it is 9 pm in London!). Does it count as long hours?

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likeupliftingsmarthelpfulfunny

Do you sponsor work visas?

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Let’s us know what one thing you would change tomorrow that would significantly improve your job life?

A lot of times, the answer to long hours and menial work for associates is that you are paying your dues. Even if the work is grunt work, how can we make the work feel more meaningful?

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Do you think that the work-driven culture in our industry is driven due to firms’ performance metrics centering around time rather than output? If so, how could you address this?

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What freedoms are you hoping to be able to provide your employees that Big 4 currently don't in your PoV? Does this look more like a flexible work schedule, competitive pay, better training, etc?

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How would you sum up the KPMG Culture at the Partner / Principle level in 3-5 bullets ?

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What is your approach to beating less human competition that has its consultants work 16+ hour days?

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