What Is Employee Utilization Rate? Formula, Benchmarks, and How to Improve It (2026)
The average professional services firm had a billable utilization rate of 66.4% in 2025. That number has declined for four consecutive years and now sits 3.6 points below the 70% floor that SPI Research considers the minimum for sustainable profitability. If your firm is at the industry average, you are below the floor. Employee utilization […]