Skip to content

Three ways to manage rising field service costs

November 7, 2022


It’s no secret that rising costs continue to have a dramatic impact on the field services industry. The price of everything from gas to essential materials has risen, and higher costs can eat into profit margins.


While you can’t control the macro factors driving inflation, you can lessen the pain by understanding the current economic landscape and taking specific actions to combat rising costs. Here are three primary cost drivers and three strategies for mitigating their impact.


  • Travel costs are up across the board: Hotel prices +7%, airfare +16%, rental car costs +48%
  • Labor costs continue to rise: Average wages for U.S. workers +5.2%, field service labor costs +8%
  • Cost of goods has escalated: Equipment costs +18%

Save or share your copy

"There are a lot of companies that will only look at the costs associated with a single project versus looking at the total costs for the entire company. This approach prevents them from considering all the costs that are supporting the tech that completes the work order."

Director, Network Development

Jeff Novotny


More cost-savings from across the field


Field Services USA 2024

Upcoming, For businesses, Cost, Growth, Industry Trends

Please join our Field Nation team in Palms Springs, CA at the Field Services USA show. We will be at booth #308 and Steve Salmon will be presenting on the topic of Beyond Dollars And Cents: The True Currency of Field Services to the show, located at Table #1 on Tues, May 7th at 12:35pm.



Field Service Trends and Predictions: Preparing for 2024 [Webinar]

Labor shortage, Security, On-demand, Integrations, For businesses, Field Intel, Cost, Quality, Industry Trends

Discover what's in store for the IT field service industry and how you can stay ahead of the game in this webinar, available on-demand.



The business case for a labor marketplace

Labor shortage, For businesses, Cost, Growth, Quality, Coverage, Retail, Enterprise

See how Field Nation can impact your top line and improve your bottom line in field service delivery as the leading platform supporting the utilization of on-demand labor.


Tap into the leading network of field service technicians