Consulting Actuaries- How many hours do you work and how productive?

[Ren_St]

How many hours do you work and what percentage of those hours are actually spent physically doing work/creating output?

[Dismal Science]

I'm in consulting. And I'm currently on the AO...

[act2106]

You realize the results will be skewed because those who are more productive and work more probably don't spend as much time on AO, right?

[SirVLCIV]

I'm never in the office more than 45 hours a week, but I work more evenings and weekends than I'd care to admit. I waste a lot of time and make up for it later

Billable goal translates to 75% efficiency, and I should be 135% billables this year. I'm extremely efficient when working fro home, and not so much when in the office (except when I have immediate deadlines, in which efficiency goes to 11). So

[MountainHawk]

A consultant dies, and goes to Heaven. As they pass through the pearly gates, a crowd is waiting, cheering. The consultant is amazed at the reception, and sees St. Peter in front of the crowd. "A special day!" St. Peter proclaims, "It's not every day that we get the opportunity to welcome someone here who has lived for a hundred and forty-five years!"

"Uh, a hundred and forty-five?", the consultant muses aloud. "But, I was only fifty nine years old when I passed away."St. Peter looks concerned. "What's the meaning of this!" he exclaims. "Summon the Holy Accountant at once!"

Very soon a nebbish looking angel appears, peering through bi-focals and frantically flipping the pages of a very large ledger book."I don't understand where I could have made a mistake," the Holy Accountant says, "I added up his billable hours ..."

.

[Dismal Science]

You do realize that these poll options are not mutually exclusive right? How sloppy...

[MountainHawk]

Originally Posted by Dismal Science

You do realize that these poll options are not mutually exclusive right? How sloppy...

Standard consultant product.

[Amy7]

Originally Posted by SirVLCIV

I'm never in the office more than 45 hours a week, but I work more evenings and weekends than I'd care to admit. I waste a lot of time and make up for it later

Billable goal translates to 75% efficiency, and I should be 135% billables this year. I'm extremely efficient when working fro home, and not so much when in the office (except when I have immediate deadlines, in which efficiency goes to 11). So

Are you saying what I think you're saying? I.e. that you have 135% utilization? In my office, utilization is calculated as (hours billed to clients) / (8 hours * # workdays). Workdays does not include holidays, but it does include vacation time. So, if you work two 65-hour weeks, 60 of which is client billable each week, 50 the second week (because you spent 10 writing a proposal) and then go on vacation for the next two weeks, your utilization for that month would be 110 / (20*8) = 69%. I'm simplifying by assuming a 4-week month (like February). Obviously you don't go on vacation for 2 weeks every month, but it brings down your fiscal year average when you do, and then there is other non-client-billable stuff. How many hours are you working to get up to 135%?

[Noumenon84]

Originally Posted by Amy7

Are you saying what I think you're saying? I.e. that you have 135% utilization? In my office, utilization is calculated as (hours billed to clients) / (8 hours * # workdays). Workdays does not include holidays, but it does include vacation time. So, if you work two 65-hour weeks, 60 of which is client billable each week, 50 the second week (because you spent 10 writing a proposal) and then go on vacation for the next two weeks, your utilization for that month would be 110 / (20*8) = 69%. I'm simplifying by assuming a 4-week month (like February). Obviously you don't go on vacation for 2 weeks every month, but it brings down your fiscal year average when you do, and then there is other non-client-billable stuff. How many hours are you working to get up to 135%?

He might just means 135% of his target billable hours for the year.

[Mr F]

My utilization would go way up if there was a billing code for the AO.