A survey of 1,000+ professional services managers across the USA, the UK, and Australia covering timesheets accuracy, hourly rates, billable utilization rates, and more.
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Blended hourly rates
across senior and junior resources in professional services:
USD 231
in the United States
GBP 179
in the United Kingdom
AUD 202
in Australia
Hourly rates insights
The gap between senior and junior hourly rates is the most pronounced in Australia and the smallest in the US.
Lawyers & Legal Services have the highest average blended hourly rate in the US, Photography & Film in the UK and Banking & Insurance in Australia.
Based on these rates and an average of 21.5% of billable hours not being recorded, the average professional service firm loses roughly USD 51,000 per employee per year.
Additional report highlights
21.5%
Billable hours not recorded due to inaccurate manual timesheets
USD 51,000
Revenue lost per employee per year across the USA, the UK and Australia
90.5%
Managers believe accurate timesheets = increased revenue
