The “earn your stripes” mentality simply is no longer workable. In fact, it can be somewhat laughable. Younger people in today’s job market are actively searching for roles with fast-paced upward trajectory, not only in terms of pay, but also in responsibility, title, and status.
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The “earn your stripes” mentality is quickly becoming an ideal of the past. While per-mile and hourly pay for drivers of all experience levels has shown strong and steady growth over the past two years, the momentum of wage growth among drivers at the lower end of the experience scale has been the most pronounced.
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One of the most critical and foundational ways that motor carriers can show appreciation for drivers’ lives and their livelihoods is to build effective health and wellness programs that educate drivers on personal health, support them in making better decisions, and treat driver health as a team effort.
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Survey data compiled by The National Transportation Institute on driver compensation and benefits programs for the most recent quarter shows that driver wages across segments, applications, trailer type, and fleet type continued their streak of quarter-to-quarter gains that started in the back half of 2020. Here are three highlights from this quarter’s wage data.
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Here are six strategies fleets can employ to compete within the backdrop of an ongoing “consumption gap.”
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When bad PR strikes, it will feel like a strong headwind to recruiting and retention. The actions carriers take in the wake of the bad PR, however, is much more important than the negative attention cast on the industry.
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Pay packages have to provide enough to be attractive to prospects and keep current drivers on the company payroll. At the same time, companies don’t want to lose out on driver productivity. How do you balance these concerns?
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Inflation isn’t easy for anyone to deal with, but it can be even harder for drivers when they’re trying to keep costs in check on the road. Fortunately, there are a few ways that companies can help drivers combat inflation on the road.
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ECONOMIC GROWTH SLOWS TO A TRICKLE The latest numbers are in. Last quarter, the U.S. economy grew at a meager 2.0% annualized rate. In most years, this would be a respectable growth rate. But we’re calling it meager this time because it’s the smallest increase since the start of the recovery. To give you a
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WHAT DOES THE NATIONAL TRANSPORTATION INSTITUTE DO? You might subscribe to our newsletter. Or you may have heard National Transportation Institute President Leah Shaver on the Hire Road podcast or Transport Topics’ Newsmakers. Maybe you’ve seen us mentioned in Bloomberg Businessweek, the Wall Street Journal, Forbes or USA Today. Or even listened in while Leah
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