FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

WorkforceGlossary Term

Load Forecast

A projection of anticipated workload volume over a set period, used to plan crew levels and equipment needs. Subcontractors rely on load forecasts to avoid understaffing during peak demand or carrying idle workers in slow periods.

Related Terms

Remote Loading

Workforce

A payroll method where crew wages are loaded directly onto pay cards or accounts without physical cheques. Common on remote sites where workers have no bank access. Subcontractors must confirm platform compatibility with their payroll systems before mobilisation.

Utilisation

Workforce

The percentage of time your crew or equipment is actively deployed on billable work. Low utilisation means idle resources eating into your margins. Subcontractors track this closely to assess profitability and plan workforce levels.

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.

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.

Independent Contractor

Workforce

A self-employed individual or company hired to complete specific work under contract, rather than as an employee. In field service, this covers most subcontractors supplying labour or specialised skills to operators and prime contractors. Independent contractors are responsible for their own taxes, insurance, and equipment.

Co-Employment

Workforce

A legal situation where both a subcontractor and a client company share employer responsibilities over a worker. This creates liability risks around benefits, termination, and labour standards if boundaries aren't clearly defined. Subcontractors should maintain clear contracts and independent operating practices to avoid unintended co-employment claims.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio