A survey of professional truck drivers determines the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. This paper outlines the results of the survey and provides suggestions on how to sustain a culture of driver appreciation throughout fleet operations.
A survey of professional truck drivers determines the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. This paper outlines the results of the survey and provides suggestions on how to sustain a culture of driver appreciation throughout fleet operations.
A survey of professional truck drivers determines the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. This paper outlines the results of the survey and provides suggestions on how to sustain a culture of driver appreciation throughout fleet operations.
Today’s national fleets are juggling a multitude of financial challenges. With average fleet operating margins of 2-4% in the United States, these financial variables ladder up to overwhelming business concerns for over-the-road trucking companies. A survey by the Kinetic Group of 300 fleets participating in aftermarket parts programs identifies the role billings and payments can play in managing these financial challenges for fleets.
A survey of professional truck drivers determines the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. This paper outlines the results of the survey and provides suggestions on how to sustain a culture of driver appreciation throughout fleet operations.
A survey of professional truck drivers determines the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. This paper outlines the results of the survey and provides suggestions on how to sustain a culture of driver appreciation throughout fleet operations.
Today’s national fleets are juggling a multitude of financial challenges. With average fleet operating margins of 2-4% in the United States, these financial variables ladder up to overwhelming business concerns for over-the-road trucking companies. A survey by the Kinetic Group of 300 fleets participating in aftermarket parts programs identifies the role billings and payments can play in managing these financial challenges for fleets.
The Federal Motor Carrier Administration (FMCSA) is preparing to launch the Comprehensive Safety Administration 2010 (CSA 2010), a new safety inspection program designed to improve road safety by increasing FMCSA efficiency in collecting and utilizing inspection data to identify high-risk carriers and drivers. This white paper will provide an overview of the key factors motor carriers need to know and suggestions on how to achieve the ideal Carrier Safety Measurement System (CSMS) ratings to avoid FMCSA interventions and fines.
UNDERSTANDING THE ROI - Gives you leverage when it comes to spend objectives. Ultimately as a company, you can save money, and put more money back into the employee’s pocket. This means, an increase to the company’s bottom line, and helps with attracting and retaining top talent.
To see if you qualify for a tax free program, contact me to schedule a complimentary program assessment.
The evolving world of Salary Sacrifice Car Schemes.
What we have learned so far about Salary Sacrifice Car Schemes.
Communication methods, how they are evolving and influences on engagement.
The future of Salary Sacrifice Cars.
Santander’s experiences of Salary Sacrifice Car Schemes.
Risk prevention is an IoT-based uses case able to create a positive impact to all the stakeholders: avoiding the accidents to the policyholders, improving the insurance bottom line, and generating positive externalities to the society
A (false) myth I have heard frequently at conferences is that insurers are not yet able to use IoT data to take smart actions
Instead, there are different success stories about-based risk prevention in different insurance business lines bit.ly/RiskPreventionPaper
One of the best practices in changing driver behaviors is Discovery Limited
Having seen the early steps of this approach, since it’s launch on 1 June 2011, and the journey over the following years, I’ve been always impressed by their innovation journey
Each annual product review has been a thought-provoking presentation: I consider myself extremely luck for this opportunity to learn directly from Anton and Francois and all the team
#Insurtech case histories are frequently fascinating storytelling and make people feel self-satisfied, instead in this paper you will find facts and figures about prevented accidents and profitable auto #insurance portfolios
I love this #telematics story...concrete and fact based!
Against wrong selection of suppliers, many people tend to go for the cheapest in the market. Just as the most expensive is the not the best so also in most cases the cheapest may spell doom for the objective.....
Creating a Culture of Safety in Your OrganizationNicole Weber
Safety is important at all levels of a company’s culture. When the average fleet accident costs over $21,000, many businesses can’t afford to ignore safety issues in their company vehicles.
The Federal Motor Carrier Administration (FMCSA) is preparing to launch the Comprehensive Safety Administration 2010 (CSA 2010), a new safety inspection program designed to improve road safety by increasing FMCSA efficiency in collecting and utilizing inspection data to identify high-risk carriers and drivers. This white paper will provide an overview of the key factors motor carriers need to know and suggestions on how to achieve the ideal Carrier Safety Measurement System (CSMS) ratings to avoid FMCSA interventions and fines.
UNDERSTANDING THE ROI - Gives you leverage when it comes to spend objectives. Ultimately as a company, you can save money, and put more money back into the employee’s pocket. This means, an increase to the company’s bottom line, and helps with attracting and retaining top talent.
To see if you qualify for a tax free program, contact me to schedule a complimentary program assessment.
The evolving world of Salary Sacrifice Car Schemes.
What we have learned so far about Salary Sacrifice Car Schemes.
Communication methods, how they are evolving and influences on engagement.
The future of Salary Sacrifice Cars.
Santander’s experiences of Salary Sacrifice Car Schemes.
Risk prevention is an IoT-based uses case able to create a positive impact to all the stakeholders: avoiding the accidents to the policyholders, improving the insurance bottom line, and generating positive externalities to the society
A (false) myth I have heard frequently at conferences is that insurers are not yet able to use IoT data to take smart actions
Instead, there are different success stories about-based risk prevention in different insurance business lines bit.ly/RiskPreventionPaper
One of the best practices in changing driver behaviors is Discovery Limited
Having seen the early steps of this approach, since it’s launch on 1 June 2011, and the journey over the following years, I’ve been always impressed by their innovation journey
Each annual product review has been a thought-provoking presentation: I consider myself extremely luck for this opportunity to learn directly from Anton and Francois and all the team
#Insurtech case histories are frequently fascinating storytelling and make people feel self-satisfied, instead in this paper you will find facts and figures about prevented accidents and profitable auto #insurance portfolios
I love this #telematics story...concrete and fact based!
Against wrong selection of suppliers, many people tend to go for the cheapest in the market. Just as the most expensive is the not the best so also in most cases the cheapest may spell doom for the objective.....
Creating a Culture of Safety in Your OrganizationNicole Weber
Safety is important at all levels of a company’s culture. When the average fleet accident costs over $21,000, many businesses can’t afford to ignore safety issues in their company vehicles.
2. Asking the Right Question. 1 Kuntz, Ray. Transportation’s Role in Climate Change and Reducing Greenhouse Gases. July 14, 2009. Most fleets suffering from industry-average turnover rates ask, “Why do drivers leave?” Unfortunately, the only people who can honestly answer that question have already packed up and gone. So these fleets look to new recruits, assuming that the incentive that attracted a new driver (typically pay rate) from an old company will also retain that driver. But a large majority of driver turnover occurs within the first 90 days a driver is hired. Clearly, new recruits may not be the best group by which to gauge motivators for driver loyalty. We suggest asking, “Why do drivers stay?” Typically, if you can find a segment of drivers that have maintained their employment with you for 6 months or more, you’ve likely found a loyal group of drivers. Find out how you’ve earned that loyalty.
3. In January 2010, Open Road Drivers Plan ® conducted a survey of professional truck drivers, asking this question, to determine the key factors driving loyalty to carriers. Drivers were asked to rate the importance of specific employee benefits in their decision to stay with or leave a trucking company. Research Summary. Driver Breakdown 48% - Retired or Unemployed* 52% - Active Drivers 68% - Company Drivers 32% - Owner-Operators Demographic Males 36-55 years of age Earning $0.43 / mile where applicable Benefit Categories Compensation and Incentives Equipment and Technology Employee/Company Communications Job Stability *Only active drivers were considered when weighing the value of employee benefits and job satisfaction.
4. Less than 10% of active drivers rate their current trucking companies “above average” in providing basic employee benefits. 35% rated their current companies “below average” -- a relief perhaps for the 55% of trucking companies landing in the “magic middle,” but in an industry that consistently maintains turnover rates in the triple digits, achieving minimum expectations may cost your company hundreds of thousands of dollars each year. Research Summary. Rate your most recent company for their performance in the following categories: Equipment and Technology, Benefits and Incentives, Co-workers and Management, Corporate Environment. (Average Overall Corporate Scores)
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6. Keep a driver driving, and you’re likely to have a satisfied employee. 100% of surveyed drivers agree that steady work/miles and the stability of their company determined their loyalty to their fleet. After all, an attractive mileage rate doesn’t amount to much without mileage to multiply the extra pay-per-mile. Quality, consistent miles clearly indicate to a driver that both the trucking company and the job are secure. Job Stability is all About Mobility.
7. Carriers that rated highest among drivers for overall job satisfaction clearly communicate career advancement opportunities to all employees. But job stability has a long-term impact as well. Many drivers (74%) identified career support and development as important to their loyalty; the carriers that rated highest among drivers for overall job satisfaction clearly communicate career advancement opportunities to all employees. Make sure you understand your drivers’ long-term goals, whether they be to lease their own truck, to transport freight or HazMat, or to advance into an office/management position. Even if a driver intends to be a company driver until retirement, the knowledge that other opportunities exist may create an increased perception of job stability. Job Stability is all About Mobility.
8. Driver incentive programs improve driver and company morale and have been shown to decrease fleet costs. Appreciation Makes the Job Worthwhile. The FMCSA references one incentive pilot program that decreased new driver turnover from 98% to 20%. [2] If we estimate the average cost of turnover per driver at $8,000, that 78% differential equates to over $600,000 in corporate savings per every hundred drivers hired. Beyond this, the FMCSA was also able to identify an average decrease in carrier crashes, insurance claims and workers’ compensation claims of 65% by carriers utilizing a safety-specific incentive program. [2] The Federal Motor Carrier Safety Administration. “Driver Issues: Commercial Motor Vehicle Safety Literature Review.” June, 2007.
9. Two out of three drivers place high value on a company’s driver recognition and safety incentive programs when deciding whether to stay with or leave a carrier, and 97% of drivers place value in the carrier’s overall dedication to safety. Appreciation Makes the Job Worthwhile. How important are the following when choosing to stay with an employer?.
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11. The value of optimizing these contacts is transparent; the better question may be how to optimize them. Communication is the Retention Lifeline. Methodology: Your drivers lead a mobile lifestyle, and your job as their employer is to maximize their mileage. That said, a driver’s lifestyle can limit your ability to maintain personal contact; so be sure to enlist a variety of personal and mass communication methods into your daily contact with drivers: voicemails, hotlines, personal phone calls, text messages, email, online forums, web conferences, in-person one-on-one meetings and focus groups. Messaging: If we understand that “Appreciation Makes the Job Worthwhile,” then every individual within your organization should be aware and appreciative of the value your drivers provide to your company. Be clear in your communications with drivers and ensure that the underlying message is always one of appreciation and respect.