Report concludes high turnover rate hurting trucking industry
TORONTO, Ont. — Cerno Research has published a report which indicates the Canadian trucking industry has a turnover rate of 35.8 per cent of its drivers.
The report, sanctioned by the Canadian Trucking Alliance and various provincial trucking organizations, examined survey data from nearly 300 Canadian trucking companies.
About 30 topics are examined in the report, ranging from employee wages to employment policies and benefits.
Stephen Harrington, special projects director with Cerno Research, says the high turnover rate is cause for concern.
"High turnover rates cost money. Aside from the obvious costs there are costs involving training, managers assigned to turnover, and the new employee learning curve that can hurt earnings," says Harrington. "Turnover is often caused when employees feel that the company has fallen behind the competition. It helps to have figures in black and white to back up your relative competitiveness."
More information about the report can be obtained by calling Harrington at 416-204-7855.
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