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41% of truck drivers are currently seeking employment with better working and economic conditions.
An increasing number of truck drivers are looking for new jobs, which could lead them to switch carriers as the economy improves and turnover rates rise in the sector. According to a recent survey conducted by Professional Driver Agency and Conversion Interactive Agency, 41% of truck drivers are currently job hunting, a significant increase from the 33% recorded in the same survey last year. This reflects a trend of higher mobility among drivers, who are seeking to improve their working and economic conditions.
Why are truck drivers seeking new job opportunities?
While the survey highlights various areas of opportunity within the transportation industry, the search for new job opportunities stands out as one of the most significant. According to the information provided, the primary reasons truck drivers seek new opportunities are mostly related to compensation. In this regard, 82% of those surveyed stated that they are looking for predictable pay. In addition, drivers are seeking other jobs for the following reasons:
- More time at home – 66%
- Consistent miles – 49%
- Better benefits – 48%
- Better/new equipment – 42%
Respondents who are not actively seeking jobs say that, although they are satisfied with their current situation, more than one in five truck drivers do not rule out the possibility of looking for new opportunities once the economy improves.
Experts suggest that drivers who are not currently job hunting could join those who will, once the freight transport recession ends. With the end of the recession, carriers may face the dilemma of offering better wages or risk losing their drivers, as reported by LandLine.
Results of turnover in the road transport industry
High turnover rates have plagued the sector for decades. In a recent debate on the driver shortage, it was concluded that the real challenge lies in worker retention. Improving compensation and working conditions could be the solution to this problem. The survey by Professional Driver Agency and Conversion Interactive Agency supports this idea. Carriers must focus on identifying their drivers’ concerns and demonstrating that they understand their pain points. If they don’t know how to show appreciation and value for their drivers, it’s time to evaluate their retention strategy.
According to Conversion Interactive Agency, data analyzed in the sector indicates that predictable and competitive compensation is key to improving driver satisfaction and retention in today’s market. Finally, the survey suggests that carriers should be aware of the cost that driver turnover entails for their business. Understanding this cost is crucial to effectively address the problem and reduce turnover.
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