Global Timesheets Benchmark Report

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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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
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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

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27.6%
Legal Services professionals in Australia lose over 1 in every 4 billable hours

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USD 302
Senior Software & IT professionals report the highest average hourly rates in the USA  

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70.8%
Consulting & Accounting has one of the highest billable utilization rates in the UK

Report Industries & Countries

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Industries

Advertising & Marketing
Banking & Insurance
Construction & Design
Consulting & Accounting
Lawyers & Legal Services
Photography & Film
Real Estate (B2C, B2B)
Software, IT, & Support
Website & Hosting
Other Professional Services
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Countries

Australia
The United States of America
The United Kingdom

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