Utilization rate

What it means

Utilization is billable hours ÷ total hours. Agencies and consultancies often aim for 65% to 80%.

Every point of utilization is real money, which is why it's tracked so closely.

Example

Jordan earns $150,000 and is aiming for $250,000. 2,080 working hours a year.

1,456 billable ÷ 2,080 hours	70%
At $150 an hour billed	$218,400 a year

In Time Valuer

Use profiles and Outlook in Time Valuer to see working time left this week and what it's worth, so more of it goes to billable work.

Related terms

• Billable hours
• Productivity
• Fully loaded cost
• Forecasting

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