Consultant Utilization

The staffing forecast that looks profitable until bench time hits
Staffing Accounting

Staffing Margin Forecasting: How to Calculate It and Improve Accuracy

Staffing Accounting | |

Quick Answer: Staffing margin forecasting projects future revenue, direct costs, and profit using bill rates, pay rates, billable hours, utilization, and employer costs. CFOs improve accuracy by using current contract data, modeling bench time, tracking margin by client and consultant, and updating forecasts whenever conditions change. Revenue growth does not always mean higher profitability. Rising […]

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Staffing Accounting

Bench Cost: What It Is, How to Calculate It, and How Staffing Companies Can Reduce It

Staffing Accounting | |

Consultant utilization directly affects the profitability of staffing firms. A company can end up continuing to pay a consultant’s salary, benefits, payroll costs, insurance, and other employment-related charges even when that consultant isn’t allocated to a billable client project. That cost has a name: bench cost. A small gap between assignments is often unavoidable. Client

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