How profitable are the employees at your firm?
One way to find out is to calculate a favorite metric of mine called profit per employee.
Calculating it is straightforward. You simple take your firm’s profit and divide it by the number of employees at your firm.
What you really need to do is track it over time to ensure it is trending in the right direction.
How do you grow profit per employee?
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You need to get your team away from doing boring busy work so they can focus on making a bigger impact at your firm.
The good news is your team wants to focus on solving bigger problems and solving those problems also happens to provide your client with the most value which in turn should generate the most profit for your firm.