FieldNews
Subscribe
Workforce Glossary Term

Loaded Wage Rate

An employee's base hourly wage plus all associated costs the employer bears, such as payroll taxes, benefits, and insurance. Subcontractors use this figure to accurately price labour when bidding jobs or building crew budgets. Billing clients only the base wage without loading costs is a common cause of margin loss.

Related Terms

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.

Wage Theft

Workforce

When a client or prime contractor withholds earned pay from field workers or subcontractors through unpaid overtime, illegal deductions, or misclassified labour. It exposes subcontractors to legal liability if it occurs within their own crew management. Provincial labour standards apply regardless of contract wording.

Resource Adequacy

Workforce

A subcontractor's ability to supply sufficient labour, equipment, and materials to meet contract demands on time. Gaps in resource adequacy can trigger penalties or scope reductions from prime contractors. Subcontractors are often assessed on this before being awarded larger field service agreements.

Current Employment Statistics (ces)

Workforce

A monthly U.S. Bureau of Labour Statistics survey tracking payroll employment across industries, including oil and gas and construction. Subcontractors use CES data to benchmark labour market trends and adjust crew hiring strategies. Rising CES numbers in your sector often signal tighter labour pools and upward wage pressure.

Wrench Time

Workforce

The percentage of a technician's shift spent on hands-on productive work versus travel, waiting, or admin tasks. For subcontractors, low wrench time means billing inefficiencies and reduced daily output. Clients often track it to evaluate crew productivity on site.

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.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio