Safe, efficient, and cost-effective drivers and insurance is essential to your businesses’ competitiveness in the global economy. This means auto dealers, transportation companies and those businesses with more than 10 drivers rely on highly safe drivers. Finding drivers who are the perfect fit for your organization can be like looking for a needle in a haystack. That combined with the challenge of improving safety and productivity, auto dealers are turning to incentive programs.
For many auto dealers and companies with a fleet of vehicles (more than 10), these programs bring benefits. Unfortunately, some companies are disappointed by the results because they often do not know how to make an incentive program work for them. Necessary equipment, skills and knowledge must be in place before an incentive program can be successfully implemented. The incentive program builds on these prerequisites to improve morale and retain employees.
Following are 5 components to be sure your driver incentive program is effective:
1. Determine eligibility requirements for incentive program
2. Establish a period of time to run incentive program
3. Define incentive (cash, time-off, gift, etc.)
4. Implement the program
5. Review results and update program
A driver incentive program can help you get the most out of our investment and don’t have to worry about infractions and accidents causing you to lose drivers or pay more for your dealer insurance.
If you have questions about your insurance or a driver incentive program feel free to contact us.
You can also download your free sample incentive program HERE at no cost or obligation.
Author Lisa M. Flaherty is an expert in the field of business insurance. She is a licensed NYS P&C agent and website publisher. Her expertise is working with business owners eradicating critical coverage gaps in insurance policies, and working with employers to reduce workers compensation costs. Her clients include franchised and non-franchised auto dealers, trucking for hire, contractors, retail, hospitality, wholesale distributors, and manufacturers. Contact: Lisa@tiains.com
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