I learned a new word at the all-hands quarterly meeting on Tuesday: “billability”. It’s the percentage of one’s salaried hours that can be billed to a specific contract. It is therefore a reflection of how effective a given individual, group, or department is.
If one’s billability is high, it means you’re not wasting time. If a group’s billability is high, that means that they have active contracts that are occupying most of the group members time, which reflects well on productivity and so forth.
Right now, because I just started and haven’t found any ways to waste time yet, my billability is almost 100%. The only exceptions were for my orientation and the all-hands meeting.
Here’s to bringing up the average (at least for a little while).