Since fleet drivers spend most of their workdays on the road, they may feel more detached from their companies. Managers can help drivers feel more connected by offering opportunities for them to communicate their opinions, participate in company discussions, and take part in incentive programs.
Using Performance-Based Incentives to Optimize the Cost-Effectiveness of Fleet Operations
A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.