Keep in mind that it doesn’t measure your billable time VS non-billable time hours worked, and it doesn’t measure productivity. This metric helps your company understand if it is billing enough to cover its cost plus overhead. The rate is measured in hours and expressed as a percentage. It’s the best indicator that your teams are using their time well. Your utilization rate is the amount of an employee’s available hours used for billable projects. Utilization Rate = Total Billable Hours (hours worked on projects)/Total Hours worked × 100 1 - Utilization Rate Utilization Rate Formula In this article, we’ll look at each Key Performance Indicator and the formulas to calculate them. Here are the 10 financial performance indicators that provide a snapshot of your firm’s financial performance at any given moment: ![]() Your KPIs (key performance indicators) are the most critical metrics to ensure that you can accomplish your business goals.
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