{"id":729,"date":"2022-07-28T18:31:33","date_gmt":"2022-07-28T18:31:33","guid":{"rendered":"https:\/\/fieldnation.com\/1099-vs-w2-labor-cost-copy\/"},"modified":"2025-08-06T12:28:28","modified_gmt":"2025-08-06T17:28:28","slug":"market-conditions","status":"publish","type":"post","link":"https:\/\/fieldnation.com\/resources\/market-conditions","title":{"rendered":"Three market conditions impacting field service costs"},"content":{"rendered":"<section id=\"section-3\" class=\"block two-columns bottom-negative text-dark bac-type-image bac-white\">\n<div class=\"section-content\">\n<div class=\"column-wrapper\">\n<div class=\"column\">\n<p>Cost matters\u2014to field technicians and service delivery companies alike. Over the past year, technical resource costs in the field services space have risen roughly 10 percent across the board. Market conditions are impacting field service\u2019s bottom line across three dimensions: travel, equipment, and labor.<\/p>\n<p>Generally speaking, field service costs are up 8%, with some variance based on type of work and service-level agreement turnaround. Three dominant factors are pushing technical labor rates up: inflation, the great technology reset in retail, and a labor shortage in the \ufb01eld services space.<\/p>\n<\/div>\n<div class=\"column\">\n<div class=\"details\">\n<p class=\"descriptor\">TOP TAKEAWAYS<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<ul class=\"checklist\">\n<li class=\"check\">Gas costs are up 40% YoY, making it more expensive for field techs to get from worksite to worksite.<\/li>\n<li class=\"check\">Overall costs related to travel are up 6%.<\/li>\n<li class=\"check\">And equipment costs have increased by 18%, impacting the cost of all types of work.<\/li>\n<li class=\"check\">According to the US Department of Labor, the average wages of private sector workers increased by 5% over the course of 2021.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"section-4\" class=\"block cards single bottom-none text-dark bac-type-image bac-white\"><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Cost matters\u2014to field technicians and service delivery companies alike. Over the past year, technical resource costs in the field services space have risen roughly 10 percent across the board. Market conditions are impacting field service\u2019s bottom line across three dimensions: travel, equipment, and labor. Generally speaking, field service costs are up 8%, with some variance [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":18779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"footnotes":""},"content-group":[],"class_list":["post-729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","fldn_content_category-trends","fldn_content_type-white-paper"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Three market conditions impacting field service costs | Field Nation<\/title>\n<meta name=\"description\" content=\"Unpack the factors behind the current upward trend in field service costs and analyzes how this trend is distributed over different types of work.\" \/>\n<meta name=\"robots\" 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