To reduce labor turnover, businesses will have to understand the needs of their workforce and look to innovate and optimize activities in and around the warehouse vicinity.
A driver incentive program, which not only prompts drivers to make smarter and safer driving decisions, but also promotes driver happiness, is one way to increase driver retention.
Retention, training, and the capacity crunch are undeniably hot button issues in 2018. In response, SmartDrive and FreightWaves collaborated to distribute a survey to uncover trends in driver incentive programs. The white paper—based on the findings of the survey, which was fielded in Q3 2018—reveals the steps that trucking companies are taking in order to hire and retain qualified drivers and create safer, more profitable organizations.
Driver iQ’s third quarter recruitment and retention survey found that driver turnover costs the truckload industry over $10.6 billion per year, and over one-third of fleets surveyed expect turnover to increase or remain the same.
Retention, training, and the capacity crunch are undeniably hot button issues in 2018, and, in response, SmartDrive and FreightWaves collaborated to distribute a survey to uncover trends in driver incentive programs.
Job growth has improved since the start of the year in the trucking industry. While this is strong step in address the driver shortage, the industry will soon find itself having to compete long-term with other industries desperately searching for skilled labor.
