Glossary

Key terms and definitions used across TalentOperations.io.

B

Bench
Consultants who are currently between client engagements and available for staffing. Bench time is non-billable and directly reduces utilization.
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Bench Strength
The depth of qualified, ready-now talent available to fill critical roles without external hiring. Measured as a ratio of ready successors to key positions.
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Bill Rate
The hourly or daily rate charged to a client for a consultant's services. Bill rate minus cost rate equals gross margin per hour.
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C

Capability Gap
The difference between the competencies an organisation needs and the competencies it currently has. Gaps are quantified through competency scoring and drive build-buy-partner decisions.
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Capacity Delta
The difference between projected demand hours and available billable hours, normalised to FTE equivalents. A positive delta means more demand than supply; a negative delta signals over-capacity.
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Cost Rate
The fully loaded cost of a talent resource per billable hour, including salary, benefits, overhead, and non-billable time.
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D

Demand Signal
An early indicator of upcoming talent need -- for example a signed SOW, a pipeline opportunity, or a strategic initiative entering planning. Demand signals feed the demand-to-talent translation process.
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DTI (Demand-to-Talent Index)
A composite metric expressing how effectively an organisation translates business demand into deployed talent. A higher DTI indicates faster, more accurate fulfilment.
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F

FTE (Full-Time Equivalent)
A unit that represents one full-time employee's workload. Used to normalise headcount across part-time, contract, and full-time workers.

G

Gross Margin
Revenue minus the direct cost of delivering that revenue. In talent businesses, gross margin = bill rate - cost rate, expressed as a percentage of revenue.
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O

Operating Rhythm
The recurring cadence of planning, review, and decision meetings that govern talent operations -- for example weekly staffing calls, monthly demand reviews, and quarterly portfolio reviews.
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P

Pipeline Confidence
The weighted probability that current pipeline opportunities will convert to confirmed engagements. Typically expressed as a percentage applied to projected hours.
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R

Risk-Weighted Demand
Demand forecast adjusted by the probability of each opportunity closing. Prevents over-investment in uncertain pipeline while ensuring capacity for confirmed work.
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Role Context
The combination of industry, capability area, seniority, and geographic constraints that define a specific talent need beyond the generic role title.

S

Sellability
A qualitative-to-quantitative measure of how easy it is to place a consultant on a billable engagement, factoring in skill relevance, client relationships, and market demand.
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Skill Coverage
The proportion of required competency areas that are adequately staffed in the current talent pool. Low coverage in a high-demand area signals a capability gap.
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T

Talent Readiness
A measure of how prepared the current talent pool is to meet incoming demand, combining competency fit, availability, and willingness to deploy.
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Time-to-Billable
The elapsed time from the moment a talent decision is made (hire, upskill, or redeploy) to the day that person generates billable revenue on a client engagement.
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U

Utilization
The percentage of available working hours that are billed to clients. Calculated as billable hours / total available hours. A key profitability lever in services organisations.
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