A Brief Walkthrough On Truck Driver Hiring Cost

March 13, 2023

Depending on the recruiting, background checks, training, and retention costs associated with hiring a driver, the cost for one driver can range from $2,000 to $15,000in the US. Knowing the effects of the hiring cost of a truck driver is vital for reducing overall expenses. Let's explore those critical factors in this latest blog on how much does it cost to hire a truck driver.  

 

 

Recruitment Costs:

The foremost factor in the cost to hire a truckdriver is recruitment costs, which include job postings, advertising, agency fees, travel expenses for out-of-town applicants, and other miscellaneous items.

Recruiting an experienced or qualified candidate often requires lump sum money than recruiting an inexperienced or unqualified driver due to increased advertising efforts or higher pay rates to attract experienced drivers. Moreover, to fill multiple positions at once or recruit outside your local area, these additional recruitment-related costs will also increase.

 

Background Checks and Training:

After finding a potential driver for your company, you will need to conduct background checks which will incur additional fees depending on how thorough you want them to be. Next comes the on boarding process, which requires training time and other related costs such as instructing materials and additional compensation for trainers.

The length of the onboarding process will vary on the level of each individual's experience before joining your team, which could later add to the overall cost of hiring that person.

 

Retention Costs:

Retaining qualified and experienced drivers is critical in keeping overhead running costs low since turnover in this field can be very high if proper care isn’t taken in their wages and benefits packages (or lack thereof).

Furthermore, if your company doesn’t have any sort of incentive program setup for existing teams, then new hires may leave within a short span after being hired due to better offers from competitors, resulting in needless spending as recruiting/hiring processes need to begin again from scratch, whenever someone leaves with no prior notice. Both scenarios are very costly for companies, so it pays off to invest in keeping current staff happy and loyal.

 

Our Thoughts!

In short, numerous factors affect how much does it cost to hire a truck driver, such as recruitment costs, background checks & training expenses, and retention costs like wage levels & benefits packages, et cetera. You should consider all these things when calculating the budget for future hires so that you don’t end up overspending on unnecessary items that won't improve the overall performance of your team. 

So, looking for expert help in getting well-qualified drivers at a lower rate, then Carrier Intelligence can assist you with their AI-Optimized Recruiting services.

Furthermore, we also offer disruptive marketing strategies & innovative retention solutions, making us an ideal option to consider in the truck drivers' hiring cost- tailored to your exact specifications & needs.