Calculator determines driver turnover costs
Dec 1, 2006 12:00 PM
Trincon Group has developed an electronic worksheet for calculating the costs of driver turnover, and has made it available for free at www.trincon.com.
The worksheet uses activity-based cost accounting to measure the direct costs of lost productivity and revenue associated with driver turnover, idle trucks, and time spent recruiting, orienting, and training new drivers.
The calculator considers a company's driver base — including contract drivers — and asks users to input the number of drivers that have quit or have been terminated within a given time period.
© 2013 Penton Media Inc.