Maximize Your Margins: 5 Proven Strategies to Reduce Bench Time
The hidden cost of bench time at your professional services firm is greater than you think. At the root of much idle consultant time are skills gaps. When your employees can’t join high-priority projects, your firm faces inefficiencies like deadline delays and client dissatisfaction, as well as the financial loss caused by not having client teams fully staffed and delivering results.
With the rate of change in technologies like AI, cloud computing, and cybersecurity, the skills gap is impossible to ignore if companies want to stay competitive. Hiring external consultants and contractors is a temporary solution that comes with significant cost to your bottom line and overall workforce agility. The solution that leading organizations are turning to to protect their long-term viability? Strategic upskilling for capacity management.
Download this infographic to discover actionable strategies to transform your company’s approach to capacity management. Build an agile, future-ready workforce that maximizes your team’s billable hours while minimizing the pains of low-staffed client teams and projects. In Maximize Your Margins: 5 Proven Strategies to Reduce Bench Time, you’ll learn:
- How to develop a proactive skills strategy that anticipates market demands
- Practical steps to build a culture of continuous learning
- Methods for measuring and tracking productivity gains
- Ways to maximize billable hours through cross-training
