When it comes to effective resourcing - it's all about agility.

When projects are going to plan, chargeability isn't an issue. However, when there's a delay, things get more complex. To achieve flexible resourcing, you need to know what skills inidviduals have, so you can work out who is best to be redeployed where when projects change.

Flexibility is especially essential for the following:

• Increase utilization
• Increase income
• Increase profit

Without those three things, organizations are always going to be falling below their potential. This whitepaper gives organizations tips to enabling more flexible resourcing to achieve the above three bullets.

Introduction

Let’s start with some maths. A newly qualified lawyer at a top London firm earns on average $94,000 a year. The firm charges her out at $460 an hour, so based on a conservative target of 1,500 billable hours a year1 , she makes $690,000 for the company – a decent return on the wage bill.

But now consider that target a bit more closely. 1,500 hours is equivalent to 200 seven-and-a-half-hour days: minus weekends and 30 days’ holiday, there are 231 working days per year, or 1,732.5 hours. That means our lawyer needs to bill for 86.58% of her total working hours – essentially six and a half hours a day, leaving an hour to general admin, internal meetings and the like.

If she could bill just 15 minutes more per day, the company would see an extra $26,565 per year in income, per newly qualified lawyer. At no extra cost.

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