Save Thousands By Improving Driver Retention

Driver retention translates to a successful business in our space. Not only does it result in substantial cost savings, but more experienced drivers are more efficient and more seasoned at safety and compliance. New drivers are higher risk and expensive to find and train. So: how much does a new driver actually cost, and how do you retain experienced drivers?

Onboarding new drivers requires contractors to absorb a host of quantifiable expenses:

• Training week - $600/week

• “Getting up to speed” for about three weeks - up to $375/week in excess payroll

• Classroom training - $450/day (trainee pay, trainer pay, space rental)

• Recruiting costs - $500/driver (recruiting fees, sponsored Indeed listing)

• TOTAL: $2,675+ per new driver 

Additionally, less easily quantifiable expenses can materially affect your operation:

• Team-wide stress and burnout due to increased workload, while new hires train up 

• Inefficiencies of new hires

• Potential safety infractions or preventable accidents by the new/inexperienced driver, risking your safety score

• High risk of "first week" drop-outs resulting in a need to start the process over again

• Diversion of management resources to time-intensive one-on-one training tasks (scanner, coding, safety, etc.)

• TOTAL: up to $10,000+ per new driver

The risks and expenses of hiring and training new drivers are vastly outweighed by the consistency, predictability, and lower risk of retaining experienced drivers. The #1 way contractors can reduce employee turnover is by having better, safer equipment. Not only does this contribute to better safety scores, but it adds to overall employee satisfaction. 

One of the top reasons experienced drivers leave a company is unsafe equipment. Drivers put their lives at risk daily, so it’s important to them to feel like their contractors care about their safety. 

Hello Truck Lease can help you retain your drivers and save money by upgrading your fleet. Your drivers will feel more confident on the road, leading not only to improved daily efficiency and safety, but also reduced turnover. These safer, happier drivers are less likely to leave your business - saving you thousands of dollars per driver in turnover costs. Instead of scrambling to replace drivers due to high turnover, you can focus on running a more profitable business.