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?? We're about to state the obvious, but Resource Utilization is a BIG Deal for Your Bottom Line! BQE recently shared some eye-opening utilization rates: 1–10 employees: 65% 11–20: 61% 21–50: 60% 51+: 67% ?? Let’s break it down: If you're a 50-person firm billing $150/hr, improving utilization by just 10% could mean: 50 employees × $150/hr × 40 hrs/week × 49 weeks × 10% = $1.47M ?? straight to your bottom line. Here are 3 ways to boost utilization today: 1?? Upgrade Your Tools: Say goodbye to clunky spreadsheets! At the very least, invest in creating dashboards using tools like Power BI or Tableau, with clear, visual charts that make data easy to digest ??. 2?? Enforce accountability: Late or inaccurate timesheets = bad data. Create a culture where submitting on time is non-negotiable ?. 3?? Plan ahead: Request timesheets 8 weeks in advance to keep an accurate pulse on workloads ???. ?? What’s been your biggest challenge with improving utilization? Let’s chat in the comments! ?? #ResourcePlanning #Architecture #Engineering #Utilization 2024 BQE Engineering Benchmarking Report: https://bit.ly/3YMjxbL

Here’s the video we debuted at Suffolk Technologies BOOST Demo Day showcasing our smart resource management tool! We’re simplifying resource management for AE companies by helping them: 1?? See availability and utilization across the entire company, including different geographies and offices. 2?? Staff projects effectively, leveraging skills, preferences, licensures, past work, historical data, and availability. With our AI-powered matching engine, you can easily define your project requirements, and we’ll recommend the best team. Project managers can then: ? Build their dream team. ? Monitor and rebalance workloads. ? Balance quality, timelines, and cost. ? Focus on what matters most: the client and delivering exceptional work.