FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

WorkforceGlossary Term

JOLTS (Job Openings and Labour Turnover Survey)

A monthly U.S. Bureau of Labor Statistics report tracking job openings, hires, and separations across industries. Field service contractors use it to benchmark labour demand and anticipate competition for skilled tradespeople. Rising JOLTS numbers often signal tighter crew availability and upward pressure on wage rates.

Related Terms

Registered Apprenticeship

Workforce

A provincially recognised training program combining paid on-the-job hours with technical schooling to certify tradespeople. Subcontractors hiring apprentices must meet regulated journeyperson-to-apprentice ratios on site. Completing the program earns workers a Red Seal or provincial trade certificate recognised across Canada.

Demand Response

Workforce

A short-notice call-up system where operators request crews or equipment during peak production needs. Subcontractors on demand response agreements must mobilise quickly, often within hours. Rates are typically higher to compensate for the standby commitment.

Crew Utilization

Workforce

The percentage of available crew hours that are billable or actively deployed on a job. Low utilisation means workers are on standby or idle, cutting into margins. Subcontractors track this metric to assess workforce efficiency and bid future projects accurately.

Spare Capacity

Workforce

The portion of a subcontractor's available workforce, equipment, or service hours that is not currently committed to active contracts, representing untapped revenue potential that can be offered to clients on short notice or used to absorb surge demand without turning down work.

Utilization Rate

Workforce

The percentage of available working hours that crews or equipment are actively billable to a client. A low utilisation rate signals idle resources draining overhead costs. Subcontractors track this metric closely to assess profitability across projects.

Shoulder Season

Workforce

The transitional period between peak and slow seasons when project volumes drop and scheduling becomes unpredictable. Subcontractors often face reduced call-outs, crew utilisation gaps, and tighter margins during these windows. Common in oilsands and construction work between summer and winter campaigns.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio