Determining work hours: is it that simple?What's the problem with estimations?What's the difference between paid time off & paid holidays?Why does it matter to estimate work hours?Calculate the hourly wage levelAssess your work-life balanceArrange for recreational pursuitsWhy is it vital to est...
So, while they may clock in for an eight-hourshift, they may only be productive for seven hours and 15 minutes. That’s a little over five-and-a-half minutes lost every hour (and isn’t really all that bad of an idle time). You may be able to reduce that number a little bit, ...
Learning how to calculate accounts payable days is just the beginning. Once the organization understands its payment patterns, improvements can be made based on current cash flow and production needs. Continued evaluation is critical to staying productive and profitable in a constantly changing global ...
Net Promoter Score (NPS) is a metric used in customer satisfaction surveys to measure customer loyalty to the company. The idea is narrowed down to a single question “How likely are you to recommend the product/ service to a friend or colleague?” Respondents rate their inclination on a sca...
While billable hours are billed to clients, non-billable hours include activities that don’t directly generate revenue. Billable tasks are usually time-sensitive and prioritized, but non-billable tasks are still essential to support smooth project execution and long-term business success. ...
Calculate the RPV by dividing the percentage of work completed by the approved or working project budget While many use this formula tomeasure productivity, a project that runs over budget from the get-go may also indicate efficiency problems ...
How To Calculate Employee Turnover Rate? Turnover Rate Calculator Monthly Employee Turnover Rate Causes of Employee Turnover 1. Lack of Recognition 2. Lack of Learning & Development Opportunities 3. Poor Work-Life Balance 4. Job Dissatisfaction 5. Inadequate Compensation Wrapping It Up! High emplo...
How to calculate your employee utilization rate You can calculate this metric using a standard employee utilization rate formula. First, let’s define two key terms: Billable hours:The number of hours an employee spends on tasks and deliverables for which you can bill clients. Keep in mind that...
Organizing all your receipts electrically can keep you proactive and productive. And when you are organized, you can save time, stress, and even money in the long run. You will know exactly how much you spent, where it was spent, and when it was spent. ...
But how exactly do you calculate it accurately? What is utilization rate? Simply put, utilization rate is the percentage of a person’s total working hours that are spent on work that can be billed to a client. No matter how motivated or productive an employee is, no matter how determined...