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.
We will never spam you or pass on your email.
Report Highlights
90.5%
Managers believe accurate timesheets = increased revenue
USD 51,000
Revenue lost per employee per year
USD 9.1 billion
Revenue lost per day across the USA, the UK, and Australia
Timesheets Insights
More than 4 in every 5 professional services managers (90.5%) say accurate timesheets would drive revenue.
The average professional service firm loses roughly USD 51,000 per employee yearly because of inaccurate timesheets.
At 71% billable utilization rate, businesses can't bill over a quarter of their total work.
Industry Figures
27.6% Legal Services professionals in Australia lose over 1 in every 4 billable hours
USD 302 Senior Software & IT professionals report the highest average hourly rates in the USA
70.8% Consulting & Accounting has one of the highest billable utilization rates in the UK
