1. Consulting
  2. Budget & Revenue

Rate of Work Chargeability

Percentage

The proportion of consultant hours that are billable versus non-billable. A higher chargeability rate means optimal utilization of consultant hours, leading to better profitability.

Formula

(Billable Hours / Total Working Hours) x 100

Example

If out of 40 working hours in a week, 32 hours are billable, the rate would be 80%.