United Road Introduces Guaranteed Pay Benefit for Drivers
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United Road is expanding its guaranteed pay benefit to all of its drivers, the vehicle transport logistics company announced Oct. 20.
The guaranteed pay benefit has been in place since earlier in the year to test it with first-year drivers. United Road received favorable feedback and is now expanding it to all drivers.
The company said the benefit is a key element in its strategy to attract, train and retain car haulers.
Anderson
“Our drivers haul in all kinds of weather including through and around hurricanes, construction zones, under challenging circumstances,” United Road CEO Mark Anderson said in a letter to company drivers. “Guaranteed Pay is a mind-easing benefit, a safety net that can help mitigate the downswings of pay volatility.”
Drivers are guaranteed at least $2,300 bi-weekly or $60,000 annually if they are in their first year and $2,500 bi-weekly or $65,000 annually if they are tenured.
Drivers must be an active employee, accept all assigned work and work a minimum of 100 hours during a pay period to qualify.
“We piloted the benefit earlier this year with first-year drivers and saw a dramatic increase in driver satisfaction and retention,” Anderson said. “It was a natural to take this pay stabilization benefit companywide with our tenured and returning.”
United Road said that its company drivers typically earn well above the guaranteed pay thresholds. But, the company notes, the policy helps give drivers a level of financial assurance and peace of mind that they can count on a consistent minimum level of pay.
United Road ranks No. 52 on the Transport Topics Top 100 list of largest for-hire carriers in North America and No.1 on the TT list of largest carriers in the Motor Vehicle/Driveaway sector. — Transport Topics
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