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Trucking, Logistics, Supply Chain

The war for good talent is cutthroat.

A tight labor market for drivers, shippers/receivers, and qualified logistics professionals has created real problems across the supply chain.  We can help. 

Low labor, an aging workforce, along with supply-chain pressures, have led to creative (and expensive) solutions

"We honestly have no idea how many signing bonuses walk out the door early.  If we're going to have a truck on the dock, we'll just throw a (signing bonus) at the problem until it gets filled."

-Fleet Operations Manager

Happy Bus Driver

Compensation Evolved

A better way to attract and retain talent has arrived.

Benefi allows companies  to acquire and retain the best talent on the market, all while reducing churn costs.

 

We do so by issuing and managing a better kind of signing and retention bonus, putting more money in the hands of employees, and de-risking the investment for employers

23%

Average annual fleet turnover

$5-$10k

Average cost to replace driver

By the numbers:

18%

Average unfilled
driver roles

55

Average driver age

Hungry for more trucking data? 

80%

Of large fleets are unable to fill all desired roles

#1

Rank of pay for reason for driver turnover (followed by 'more home time', 'issues with dispatch/supervisors)

Want to see how much employee churn is costing your organization? 
(Trust us, it's a LOT).


 

You might already be issuing signing bonuses.

Here's why you need Benefi: 

You might already be issuing signing/retention bonuses. 

Track signing and retention bonuses better than ever.

It's a pain to administer your bonuses on an excel sheet.  It's time consuming for your admin staff, and if they're being honest, it's easy to forget if someone has left the organization. 

 

This means hundreds of thousands of dollars of unearned bonuses walks out the door every year. 

You'd rather focus on the strategic aspects of your business - not the administration

If your team is honest, they'd rather not spend valuable time managing, tracking, and trying to collect on outstanding debts owed by ex-drivers.  There's a lot of other time-sensitive tasks they'd rather focus on

Great fiscal management

Even in situations where your team remembers to ask for a signing bonus back if an employee leaves early, you have no recourse if the ex-employee decides not to repay the obligation. 

It's generally not worth it to pursue these debts in small claims court individually - but collectively, these losses can be substantial. 

Remain compliant with labor laws

For an industry that is increasingly scrutinized for taxes related to owner-operators, firms need to conform tightly to tax and regulatory requirements.

 

If you want to be able to deduct signing bonuses from other wages owing to the departing employee, you will need to document the bonus as forgivable “loan” to comply with Employment Standards restrictions on deductions from wages. Chances are you aren't doing this, due to the complexities of managing this process. 

Want to calculate the cost of employee turnover? 

As featured in:

Ready to hear how Benefi can help your business? 

CONTACT
US

Tel: +1 437-783-5121

Info@benefi.com

200 King St. West, Suite 200, 

Toronto, ON

M5H 1J9

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