September 20, 2021
While myriad factors can play into the decision to stay or leave a job, data from Stay Metrics, now owned by Tenstreet, provides insight into what truck drivers prioritize. An analysis of data exclusively for IFDA found that there are three general categories of reasons that most influence drivers’ commitment to their jobs: compensation, people, and the job itself.
In addition, the data shows that while overall turnover among truck drivers is down, new drivers with less than one year in the industry are leaving their jobs at a higher rate than a year ago.
Data from Stay Metrics ongoing surveys completed in Q2 2021 among 713 “pickup and delivery” drivers (i.e. short-haul) show that the top reasons drivers say influence their decision to leave a job are related to compensation: overall pay, pay compared to other companies, pay according to experience, pay in accordance with the amount of work performed, and enough pay to support themselves and their families. Another major influencing factor is people at their company: people don’t keep their promises, the company’s reputation, lack of communication, lack of recognition for a job well done, and fair treatment.
Similarly, included in the top reasons drivers say influence their decision to stay in a job are additional compensation-related factors: overall pay, consistency of pay, accuracy of pay, and health care benefits. Additional top factors have to do with the job itself, including the routes driven, the dispatcher they work with, the quality of the tractor and what they haul.
When looking at Stay Metrics data for stay-leave influencing factors for all types of drivers, time at home, health, and management are also reported as key factors. For new drivers with less than one year experience, other people and the stress of the job are also cited among the top factors that influence their commitment to a job.
In addition, Stay Metrics data for Q1 2020 vs. Q1 2021 all types of drivers (pickup and delivery + linehaul) indicate that new hires are less likely to stay in a job early in their tenure now compared to the same time period a year earlier. On average, drivers hired in April 2020 stayed 200 days in their first year, which is 35 days fewer than in March 2020, likely influenced by the onset of the pandemic.
A year-over-year comparison of March 2021 compared to March 2020 show that 4% fewer drivers stayed for 7 days, 9.4% fewer drivers stayed for 30 days, and 7% fewer drivers stayed for 45 days.