Lionzone

“Retention” is the word on every business owner’s lips this year, and it can be overwhelming to start looking into tips on how to succeed when it comes to keeping the talent your company has already worked so hard to win. However, groups like the World Economic Forum remind business owners that money can’t buy loyalty in times like these where employees are looking for a more well-rounded career that gives more than just a paycheck.

The December Jobs Report and the November Job Opening and Turnover Survey are still only showing minor signs of the decrease in inflationary pressures desired by the Federal Reserve. It is still a job seekers market, but, with a shallow recession still on the horizon in 2023 according to experts, expectations of job seekers will need to be managed to take that into account.

Turnover is a huge issue in the trucking industry. Turnover rates are between 95-100%, or often even higher for many carriers. With the cost to replace a driver being upwards of $13,932, retention is vital to your company's success. Understanding why drivers job hop and implementing strategies to combat this are key to a healthy bottom line and a motivated workforce. Today, we will discuss the issues at the heart of why drivers job hop, how their problems compare to employees other industries, and some steps you can take to combat job hopping.

Your company has a reputation in the workforce and with your employees, whether you created it or not. Unfortunately, many companies focus so hard on their consumer-facing brand that they spend little to no time developing and maintaining their employer brand. Today, we will discuss the signs of a strong employer brand and how your employer brand impacts your employee retention and recruitment.

Diesel Technicians are the backbone of every fleet, without whom your fleet cannot keep wheels on the road. According to TechForce Foundation's 2021 Transportation Technician Supply and Demand report, the demand for diesel technicians exceeds the supply of newly certified technicians joining the field by 500%. It is estimated that this need will only grow as roughly 163,000 technicians will leave the field or retire by 2030. The Bureau of Labor Statistics estimates the need for 28,500 new technicians annually, from now to 2031. Today, we will look at the changes in the field of diesel technicians: the good news, the bad news, and where we go from here.