HealthCheck of UK Businesses Running Field Service Teams
Oct 14, 2021 • Features • BigChange • Covid-19 • Leadership and Strategy • EMEA
In the first feature of a series of excerpts from a recent white paper published by BigChange, we look at their first health check of UK businesses running field service teams.
This feature is just one short excerpt from a white paper published by BigChange.
www.fieldservicenews.com subscribers can read the full white paper now by hitting the button below.
If you are yet to subscribe you can do so for free by hitting the button and registering for our complimentary subscription tier FSN Standard on a dedicated page that provides you instant access to this white paper PLUS you will also be able to access our monthly selection of premium resources as soo as you are registered.
Data usage note: By accessing this content you consent to the contact details submitted when you registered as a subscriber to fieldservicenews.com to be shared with the listed sponsor of this premium content BigChange who may contact you for legitimate business reasons to discuss the content of this white paper, as per the terms and conditions of your subscription agreement which you opted into in line with GDPR regulations and is an ongoing condition of subscription.
These trades are the backbone of the economy: plumbers, electrical engineers, construction businesses, maintenance companies, environmental services, and many others with field-based workers.
One in five UK businesses rely on field service teams to deliver their services. We estimate that there are now more than 1.2 million field service businesses in the UK employing 6.7 million people.
Because they all run field service teams, they face similar opportunities and challenges:
- Managerial oversight
- Job scheduling and management
- Recruting suitably skilled workers
- Compliance
- Maximising job efficiency
- Competing on customer experience
During August 2021, we engaged the research consultancy Opinium to survey businesses of all sizes with field service teams.
Opinium spoke to 504 leaders from businesses in the building maintenance, cleaning services, drainage, electrical contractors and electricians, facilities management, fire and security, plant hire, industrial doors, plumbing and heating, and the waste and recycling sectors.
We asked about business health and how they fared from August 2020 to July 2021 – the first full 12 months since the easing of the strictest UK lockdown measures.
Across the field service sector, firms have performed significantly better since the end of the first strict lockdown in July 2020
-
Workloads are up 70%, and turnovers have soared as prices charged for services increased by an average of 47%
-
Demand for facilities management, fire and safety, plumbing and heating, and plant hire services bounced back particularly welL
While the headline figures are positive, the benefits of booming demand are not enjoyed by everyone
-
Turnovers rocketed across the sector, yet fewer than half of companies reported making a profit. 26% of firms lost money in the 12 months to August 2021 as the industry was hit by Covid-19 complications, compliance issues and surging costs
-
One in eight field service firms fear they could go out of business within a year
-
More than eight out of ten firms expect turnover to grow into 2022. But a talent crisis means firms face this increased demand without employee numbers increasing at the same rate. 56% of field service leaders reported difficulty retaining frontline operators.
Productivity is now a major focus for field service firms
- Poor management oversight, outdated technology, and poor planning and workflow were significant barriers to more efficient work. 82% of field- service leaders said they wanted oversight of all parts of their operations in real-time
Our analysis indicates that there is a big difference between growing and growing stronger
-
The strongest firms took advantage of rising demand to do more work, but remained in control of costs and became more productive
-
In contrast, many firms now struggling for survival, grew too quickly. They took on the highest increases in workload and turnover of any segment, but doubled the size of their workforces and their levels of debt
Customer experience is key for competitive advantage
- Facing rising costs, the ability to compete on price is getting smaller. Customer experience has become the new source of competitive advantage. Most leaders said good service now requires same-working-day fixes for reactive jobs (68%) and that customers be kept fully informed digitally (65%)
Technology is critical in helping firms thrive
-
Technology spending across the sector increased by an average of 54% in the last 12 months as firms focused on job management, productivity and customer experience
-
Users of job management technology grew faster, on average, than those relying on spreadsheets and paper processes last year. They are in a better position to take on further work and deliver it profitably in the year ahead
-
Most leaders expect spending in this area to continue growing into 2022
The following 12 months will be pivotal for field service firms. Everyone has the opportunity to grow, but they must manage significant cost increases and face major challenges recruiting and retaining skilled frontline operators. It will be a year of abundance for some - gaining market share and driving growth in turnover and profitability. Others will see their margins eroded further. Everyone would benefit from becoming more productive and competing on customer experience rather than price.
This feature is just one short excerpt from a white paper published by BigChange.
www.fieldservicenews.com subscribers can read the full white paper now by hitting the button below.
If you are yet to subscribe you can do so for free by hitting the button and registering for our complimentary subscription tier FSN Standard on a dedicated page that provides you instant access to this white paper PLUS you will also be able to access our monthly selection of premium resources as soo as you are registered.
Data usage note: By accessing this content you consent to the contact details submitted when you registered as a subscriber to fieldservicenews.com to be shared with the listed sponsor of this premium content BigChange who may contact you for legitimate business reasons to discuss the content of this white paper, as per the terms and conditions of your subscription agreement which you opted into in line with GDPR regulations and is an ongoing condition of subscription.
Further Reading:
- Read more about Leadership & Strategy @ www.fieldservicenews.com/leadership-and-strategy
- Read more about the impact of COVID-19 in the Field Service industry @ www.fieldservicenews.com/covid-19
- Read more about BigChange on Field Service News @ www.fieldservicenews.com/bigchange
- Learn more about BigChange @ www.bigchange.com
- Follow BigChange on Twitter @ twitter.com/bigchangeapps
Leave a Reply