One idle truck can cost a fleet anywhere between $500 and $1,000 per day. When you’re hiring and training hundreds new drivers each year, days start to pile up.
For transportation companies, these costs may not be immediately evident. The hundreds of thousands of dollars your fleet is spending on turnover is spread throughout numerous areas of recruitment, HR, and compliance. It manifests as a nebulous “cost of doing business”—a set of issues inherent to the trucking industry, too knotty and complex to be remediated by a single solution.
At least that’s what one of our trucking clients thought before using Compligo. Then, using our workforce compliance software, they overhauled their onboarding process and shaved off one day of training per driver.
This is a company that hires an average of 250 drivers a year. Multiply 250 by $500 or $1000, and… yeah. That’s a whole lot of savings.
If you’re still not convinced, keep in mind that we’re only talking about the costs associated with storing and maintaining an idle truck. Improved driver retention and employee engagement represents potentially millions more in savings over the years.
Let’s Do the Math for Your Transportation Company Together
Every organization has its own unique costs, processes, and rates of driver turnover—but we know that any fleet can benefit from a smarter approach to compliance. In “Driver Retention in Compligo”, Joe Aakre (AKA “Professor Joe”) explores how trucking companies of all sizes use Compligo to speed up their driver qualification, onboarding, and training processes to ultimately get drivers on the road faster and keep them employed for longer.
If earning more money for your organization and drivers is important to you, consider this webinar required viewing. Watch Driver Retention in Compligo for free, any time, in our Resources Library.
(By the way, if you’re wondering about the identity of that trucking company we mentioned earlier: they’ve asked us not to use their name—because they see Compligo as a competitive advantage!)