Cost of Turnover Calculator for Trucking

As the truck driver turnover rate continues to be an issue for the trucking industry, it’s important to understand how this impacts your business. Our trucking consultants at Trincon have developed an easy-to-use business analysis tool to help you: the Driver Turnover Cost Calculator. This cost of turnover calculator is designed to help business executives better understand the costs associated with driver turnover and their effect on overall profitability. The main points our calculator helps analyze are: 

  • The cost of lost business opportunity
  • The cost of idle trucks
  • The cost of recruiting and onboarding new drivers

Once you have calculated and evaluated these major points, our consultants can help you develop a customized driver turnover solution. Download the file or contact us today for more information!

How to Use the Cost of Turnover Calculator

The Driver Turnover Calculator is an Excel® workbook that uses your operating information including current and historical driver turnover data, fleet statistics, and recruiting operations data to determine the impact of your truck driver turnover rate on your bottom line. The workbook consists of three spreadsheets: 

  • Instructions for using the workbook
  • Driver population and turnover spreadsheet
  • Cost computation spreadsheet

With the assistance of this helpful cost of turnover calculator, your business will be more cost-effective and efficient than ever before. Contact our trucking consultants today for a customized and in-depth plan on maximizing your profitability, starting with reducing driver turnover. In the meantime, get started with the Driver Turnover Calculator!

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