If you are still working with agency retainers then the issue of billable hours per person will definitely be an issue. Too high and too low both have impacts on the retainer calculations and the result. So here you can find out the right number of billable hours per year in a Golden Minute.
When you retain an agency staff member how many hours per year are billable?
Well that depends on the country.
In the US, working a 40-hour week, with 2 weeks annual holiday leave, and seven public holidays including:
New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Black Friday and Christmas Day plus there is two weeks paid sick leave.
That makes 1,864 hours per year
While in the Australia, working a 38-hour week and with 4 weeks annual holiday leave two weeks sick leave and ten public holidays.
That makes 1,672 hours per year.
Or of course, you can calculate it with this…
The TrinityP3 Resource Rate Calculator – Available free on iTunes and Google Play.