KPI Library
Sum of Reported Hours
Total amount of hours a consultant has been hired for by another company.
Total amount of hours that a consultant has been hired for by a company.
Especially relevant for consultants or law firms where certain employees can be temporarily hired by another company to get a specific job done. These hours will be paid to the firm, and not directly to the employee. Therefore, this KPI measures the total amount of hours each employee has stated to have worked for another company. It can be a useful metric to keep track of in order to know how profitable your employees are, as well as who are the ones earning more income for your company. You can decide to display this KPI as just a number, or also showing the evolution over a certain period.
KPI Example
What is the Sum of Reported Hours?
The Sum of Reported Hours measures the total number of hours your employees have worked for other companies. This can be a useful metric to monitor to see how profitable your employees are, as well as which ones are earning more income for your company.
This KPI is relevant for HR departments of consultancies or law firms, where certain employees can be temporarily hired by another company to do a specific job. These hours will be paid to the firm, and not directly to the employee.
Why is the Sum of Reported Hours important?
Sum of Reported Hours is important for bookkeeping and budgeting. It’s also useful for knowing the profitability of your employees. Those who perform particularly well in other firms probably have significant potential for success in your own.
How to calculate the Sum of Reported Hours
You can display the Sum of Reported Hours as just a number, or show its evolution over a certain period.
Other, related KPIs to Sum of Reported Hours include: