Increase Employee Utilization
Employee utilization is one the most important metrics for organizations that bill for time. It’s a measurement of how much time employees spend on projects that generate revenue vs. those activities that do not.
It’s a simple but critical equation:
By measuring employee utilization, many key questions become answered: who is free to take on additional work, who is under or over performing, and who is spending too much time on non-billable projects.
Even a small increase in employee utilization yields a tremendous and positive impact on employee profitability. For example:
Bill $15,000 more / employee
bill $150/hour, 40x50, at 70% = 210,000 (at 77%) = 231,00 73.5 = 225,000, at a 5% increase
Calculator that shows 2 - 10%
Calculator:
Number of Employees
Average Billing Rate
Employee Utilization Rate
Average billing rate -> $150
Increase -> 5%
Reduce the Costs of Processing Expenses by 60%
How much time do you spend doing your expenses? What about approving expenses? Or making sure that employee expenses are paid? The average cost to process just one expense report — without using expense software — is $20.65! And on average, employees submit 1.5 expense reports per month*. That adds up quite quickly. A 50-person company, without the right software, spends roughly $18,000 / year simply to process expenses.
ClickTime cuts that cost by more than half. We empower managers and employees alike with easy-to-use, mobile expenses that save time and money, and makes compliance and accounting much simpler for organizations of any size.
- average business cost to process a single expense report without expense report software is $20.65
- average of 1.5 expense reports submitted per employee per month
- average business cost to process a single expense report with expense report software is $7.50
*Source = the Aberdeen Group
INPUT: # of Employees
INPUT: # of Employees x $20.65 x 1.5 = Monthly cost of doing expenses manually
# of Employees x $7.5 x 1.5 + (# of employees x $2 for ClickTime ) =
Savings =
(e.g., 50 employees cost $18,585 to manually process expenses. Or $7950 with ClickTime).
OUTPUT: SAVING
