Resources to help with Financial Planning and Analysis for Digital Agencies

Utilization Formulas

As a digital agency, you’re selling your time and expertise. Every billable hour matters. You know your team works hard, but without measuring their efficiency, their efforts could actually be costing you. We already explained the reasons why Utilization Rate is so important, so now, you need to figure out how to calculate it. Spoiler alert: there is no one magic formula with all the answers. The right calculation depends on your specific business objectives and some other important metrics...

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How to Measure Team Utilization

Monitoring the productivity of one employee is simple. Monitoring it for an entire team is another story. But what does that even look like? How can you know that every employees’ workday is actually useful? That’s called Utilization. It turns productivity into actual measurable data — calculating how much that effort is beneficial to an organization. 

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The best time-tracker with pricing per project, not per user

According to the State of Remote Work report by OWL Labs, 52% of employees work remotely at least once per week (data includes 1,097 US-based respondents across all company sizes and industries). Time tracking is the simplest way to account for remote work this days. Companies that support remote work have 25% lower employee turnover than companies that don't.In 2018, there is no need make another time tracker, but the must-have features for teams are:

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