How do I calculate utilization in my business?
An example of an AI chatbot conversation about calculating utilization in business.
How do I calculate utilization in my business?
Utilization is calculated by dividing the total hours worked by the total available hours. Would you like an example?
Yes, please provide an example.
Sure! If your team worked 30 hours in a week and the total available hours were 40, the utilization would be 30/40 = 0.75 or 75%.
What if I have multiple employees?
You would calculate the total hours worked by all employees and divide that by the total available hours for all employees.
Can you help me with a formula for that?
Absolutely! The formula is: Utilization = (Total Hours Worked by All Employees) / (Total Available Hours for All Employees).
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