utilization rate

How is Utilization Rate Calculated?

The utilization rate can be calculated using the following formula:
Utilization Rate = (Billable Hours / Total Available Hours) × 100
For example, if an employee is available to work 160 hours in a month and spends 120 of those hours on billable projects, the utilization rate would be:
(120 / 160) × 100 = 75%

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