Walmart's Unique Approach to Truck Driver Retention
With approximately 14,000 drivers, Walmart has one of the industry's most elite driving forces and has added 5,800 drivers in the past five years.
CEO Pay Growth Slows, Yet Compensation Gap Persists
The growth of CEO pay is slowing down, with the typical compensation package for chief executives of S&P 500 companies rising by just 0.9% in 2022, according to data analyzed by Equilar for The Associated Press.
Trucker pay is historically strong despite sluggish momentum
The upward momentum for truck driver pay has been slowing in recent years, but it is still historically strong due to several factors.
Gender pay gap has narrowed by 2 cents since 2002
In 2022, the average American woman earned approximately 82 cents for every dollar a man earned, according to Pew Research.
Continually raising federal minimum wage will not solve the cost of living problem
The federal minimum wage is $15 per hour, by executive order of President Biden in the spring of 2021.
Professional truck driver priorities: better equipment and increased compensation
Truckers have two main priorities according to a recent data release by PDA (People Focused, Data Driven): better equipment and increased compensation.
FedEx contractors band together for pay increase before peak season
FedEx Ground contractors are banding together to demand higher per-stop pay before the peak season comes around.
Compensation adjustments being made by 63% of executives
According to a March 2022 Gartner survey, 63% of companies are planning to make compensation adjustments for their employees to help battle the growing inflation issue.