Efficient resource utilization means knowing how much work is on each team member’s plate, and it’s crucial for businesses to stay competitive and profitable. The ideal utilization rate should be between 70 and 80%. Achieving this may seem complex, but it can be done with simple calculations and best practices that I’ll share.
What is Resource Utilization?
Resource utilization is the calculation of how efficiently your organization’s resources—including human resources, equipment, time, and other assets—are being used to achieve its objectives.
