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Entries related to: employee-retention

Engage Drivers to Decrease Turnover

It is no secret that the trucking industry as a whole struggles with driver turnover. On average, drivers stay with their employers for only one year, and that turnover can cost a motor carrier approximately $8,200 each time a driver leaves, according to a recent study by McQuaig. Obviously, making a fair wage is important to drivers, but it may come as a surprise that not all drivers hop jobs for financial reasons. Even if the grass looks greener working for a competitor, company culture could be the root cause of driver dissatisfaction and turnover.
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Talent Metrics Every Motor Carrier Should Track

Motor carriers use the word talent to refer to employees, but this reference can include all employees or a select group (i.e., high performers), depending on who you’re talking to. One thing carriers can agree on is that mismanaging talent can have the same negative impact on the company’s bottom line as a crash or injury can have. For this reason, trucking companies should be managing their talent the way they manage their risks: using metrics and key performance indicators (KPIs). To gauge how well the company is managing its workers, an employer can use these talent metrics to measure its performance.
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Ask the Safety Rep: How Can I Improve Driver Retention?

Great question! Unfortunately, there’s not a magic pill to resolve this issue, but motor carriers would be wise to consider retention solutions from the driver’s perspective if they hope to remain competitive and limit the business interruptions caused by driver turnover. Below are the American Transportation Research Institute’s (ATRI) critical issues in the trucking industry for 2018; on this list, you can see that drivers and motor carriers do not share the same concerns. This difference in views is important to point out because if a motor carrier wants to attract and retain quality drivers, it needs to create a culture and work environment that addresses driver concerns.
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Recruiting vs. Retention: How to Keep Your Best Truck Drivers

One topic that rears its head during conversations with insureds is the challenge of finding qualified applicants for the fleet. The costs associated with recruiting, orientating, and placing an applicant behind the wheel has been estimated at upwards of $5,000 per driver. With many fleets seeing turnover rates approaching 100% annually, the recruiting budget can quickly add up to a large portion of your annual expenditures. 
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How to Get and Keep Good Truck Drivers

Fleets can see greater success and improved profitability by focusing on getting and keeping good drivers. Besides fuel costs, driver costs are typically a significant expense to a trucking company. It’s no secret that tenured, experienced drivers are more operationally effective than less experienced drivers. That experience directly translates to improvements in operational efficiency, and is one of the most important aspects in running a solid, profitable business. 
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