At EYE OF WHALE, we consider that a consulting firm is a âservice production plantâ, where personnel costs represent 80% of total costs. Employeesâ time is therefore a key driver to monitor the business.
In a consulting firm, it is very common to feel that some clients generate losses, as they consume a lot of time, call frequently, fail to deliver documentation on time, make it harder to meet deadlines, or simply require a level of service that does not match the price they are charged.
Conversely, we also notice that some clients make our work easier, with smooth communication and mutual trust, and we intuitively feel that they are profitable.
However, when you have more than 300 clients and provide around 60 different services, intuition is no longer enough to make sound strategic and operational decisions.
đł To move beyond intuition, we have created âTHE TIME TRACKING APPLICATIONâ for every employeeâincluding the managerâwhich allows them to record, continuously throughout the workday, their activity: what they are doing, for which client, and when the task starts and ends.
This is a revolution based on a humanistic approach, not just the creation of a technical tool. Let me explain: asking each person to record what they do at every moment requires effort, and also involves sharing their âworking lifeâ with great transparency. Everyoneâowner, manager, and employeesâis fully aware that this entails significant responsibility in the use of data.
We operate with a strong purpose đł: to use data to build a profitability matrix (Client, Service), and to identify which actions consume the most time and therefore require priority focus to improve process efficiency and make the firm more competitive.
The goal is not to monitor how much time people rest or any personal matters. In fact, we agreedâwith the owner, the manager, and the entire team, all togetherâthat if the data is ever used for any purpose other than improvement, the initiative will be immediately stopped and the tool eliminated. This point is non-negotiable.
After 11 months of implementation in the first firm where we deployed the tool, and thanks to outstanding collaboration from the team, we have recorded 18,488 hoursâa true treasure.
Now, the manager, using data (date, employee, action, client), meets with clients to explain what is happening, opening the door to solutions. Often, clients ask: âWhat can I do to help you?â They appreciate the firmâs high level of professionalism and understand that they consume valuable time that needs to be properly billed.