{"iri":"https://folio.openlegalstandard.org/RDOm7uyuCKhvuGGPF0usp02","label":"Work Utilization","sub_class_of":["https://folio.openlegalstandard.org/RDDqZT9xNC4I7mH402nrpml"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RCIQtHHdQl861KZaBklud18"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Timekeeper Utilization Rate"],"translations":{},"hidden_label":null,"definition":"Utilization is a metric often used in service industries to measure the percentage of a professional's working hours that are engaged in revenue-generating activities (billable). It is calculated by dividing the billable hours by the total available working hours. Utilization it usually expressed as a percentage, used to assess individual, team, or workforce efficiency and capacity utilization.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}