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Glossary

The words of the bench economy, defined in plain English: what each term means, what it costs, and where to read more.

  • The bench economy

    The bench economy is the market for employed consultants between projects, lent by their firms to companies that need their skills. Who takes part and how.

  • Bench resources

    Bench resources are an IT consultancy's consultants between projects: what the term means, what a bench list holds, what they cost, how to manage them.

  • Bench time

    Bench time is the paid time an employed IT consultant spends between client projects: what it means, what it costs, why it happens and how firms reduce it.

  • Billable utilisation

    Billable utilisation is the share of a consultant's available time billed to clients: how to work it out, what a good rate is, and what one point is worth.

  • Talent sharing

    Talent sharing is when one IT consultancy lends an employed consultant to another for a project: how it works, what the firms agree, and who pays whom.