Posted July 13, 2016 by Administrator
It may be that millennials can help solve many of the problems currently facing the agribusiness industry, including the driver shortage. The diversity of this generation now taking over the US workforce may help agribusinesses attain and hold their competitive advantage.
Diversity Attracts Top Talent
A recent study by groups such as the UCLA Study for the Center for Inequality found that:
- Businesses that are ethnically diverse are 35% more likely to have better financial returns
- Businesses that have gender diversity are 15% more likely to have better financial returns
- Minorities in the US grew 37% in 2014
- 44% of Millennials identify themselves as a minority
- 38% of Millennials are bi-lingual
With millennials becoming the largest generation in the workforce, their importance will only increase as baby boomers retire. This diverse group can help companies prove that they truly equal opportunity employers. Diversity and tolerance help to create better workplaces, which in turn attracts employees who are at the top of their respective fields.
As with many industries, agribusiness is currently facing a driver shortage. Companies are doing whatever they can in order to attract and retain qualified employees. When this candidate search includes ethnic minorities, the company gains a reputation as being a fair and progressive organization.
To learn more about the latest in agribusiness news, contact the experts at Cline Wood.
Posted June 17, 2015 by Administrator
Nominations for the 2015 Trucking’s Top Rookie Award contest are now open! The nomination period will close Friday, June 26, 2015 at 5:00 pm ET. The annual Trucking’s Top Rookie contest is designed to recognize and increase professionalism among new truck drivers in America. Truck drivers have an extremely high new driver turnover rate. In 2014, fleets that earn more than $30 million per year, have an annual astounding 103% turnover rate in truck drivers. In fleets that earn less than $30 million in annual sales, the turnover rate is 94%, up 12 percentage points. (American Trucking Association)
Turnover rates are especially high for drivers who have been on the job for less than 1 year. More importantly, 39% of truck drivers leave the industry after 90 days. (Wright Management Consultants)
There are many factors that are affecting the truck driver shortage, such as:
- An aging workforce,
- Rising freight volumes,
- Tightening of requirements for truck drivers,
- Lack of appreciation, and
- Lack of respect for the profession.
The premise behind Trucking’s Top Rookie Award is that recognition leads to retention. Now, more than ever, fleets that identify and recognize the efforts of new hires will increase their odds of success in the marketplace.
To learn more about the contest and submit a nomination form, visit Trucking’s Top Rookie Award webpage. Nominations may be made by motor carrier employers, training organizations, and/or other interested parties.
Cline Wood offers commercial and agribusiness trucking insurance and is focused on that which is important to our customers. Contact us today at 888-451-3900 for more information on how we serve our customers in the best way possible.