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Why bother, you just started and no ones gonna promote you
Broadly speaking utilization is a metric the Firm uses to manage resources. Higher utilization means that the Firm is using resources efficiently and not spending overhead having people sit around not billing clients. Too high utilization (say 90%-110%) means we are burning out our people. There are utilization targets by market and line of service but it is one of several pieces of information used when looking at someone’s performance. As an associate utilization targets are typically higher (for example around 80%) because associates have less admin than a manager, whose target is lower. My point of view is that it’s a metric to consider but it’s simply a calculation. Focus on being productive and staffed on good jobs and your utilization takes care of itself
Wait so if my utilization was at 98% that means they’re burning me out? Cause I feel that
Tbh I have no idea what the utilization stuff means
Whatever average is. There will be an office/service line standard that you HAVE to meet, but just be a little bit higher than it
Standard hours are 40 x the number of weeks you’ve been at the firm
Utilization is billable hours / standard hours
^^all of this. Stay busy, but don’t spin your wheels or spend time trying to rack up billable hours just for the sake of utilization. Realization also factors in - how much of what you charged that can be billed to the client. Different service lines have different realization goals, so the goal will vary