How do you find the true turnover rate for a company

I'm not sure if you'll be able to find that for individual companies but I know industry wide its well over 100%...

 

One way is I'll look at the FMCSA Company snapshot. They'll give the company's reported number of trucks and drivers for last year. If they don't run team you can figure it out. You can also figure out average miles per truck.

http://safer.fmcsa.dot.gov/CompanySnapshot.aspx

 

Turnover rate isn't a good barometer since most of the people get out here and don't want to be over the road in the first place. So no matter what company they go to. They will leave when they get home sick, or continue to go from company to company thinking the grass is greener.

 

You can ask drivers themselves....or even better you can ask a particular company what their driver retention rate is. Companies that have drivers with more than 10 years seniority are usually pretty decent places to work...folks don't just hang around for 10 years or longer for pay only. There are more than likely many more reasons .

 

True Turnover rates ??

You'll never get them !


They will all fudge the figures to make their company look better.

 

You can always go and work for the company.

 

Generally, you won't learn a "true" turnover rate unless a manager tells you and he/she is telling the truth. A recruiter may tell you the true rate if he/she has been told. The recruiter probably will tell you what he/she has been told to say. Individual drivers won't know unless they've been told. Too, turnover rates change all the time. Turnover is a huge expense; managers know their turnover rates.

The calculation is: [number of terminations] divided by [total number of drivers] X 100. So if a carrier has 10,000 terminations and 16,000 drivers, the turnover rate is 62.5%. If they have 100 drivers and 2 leave, the rate is 2%. If that's for a year, then that's the annual turnover rate; you could calculate it weekly, monthly, quarterly.

The problem is, you won't know the number of terminations for a particular carrier unless someone tells you and you know their total number of drivers, so you won't be able to calculate that carrier's rate.

But ... if a company is always recruiting and is running schools and training programs year-round, you can bet their turnover is high.

http://www.capacitydevelopmentsolutions.com/DriverTurnover/DriverTurnoverCalculator.aspx

Google "truck driver turnover." Lots of information. You can also Google "X trucking driver turnover."

 

When they tell you they have an orientation class every week, you know that's where the high turn over is at