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A note from our CEO: How we’re operating under COVID-19.
These are difficult and unusual times. As Risk Advisors, this is when our commitment to helping our clients DE-RISK gets put to the test.
We are as committed as ever to your success, and are working extra diligently to help you prepare and answer questions about things like health care, insurance, and risk.
What Is COVID-19?
The new coronavirus was first encountered in Wuhan, China, in December 2019. It is believed that it originated with animals and spread to humans at a live animal market in Wuhan. In February 2020, the World Health Organization (WHO) named it COVID-19. As of March 2, the outbreak has affected an estimated 87,000 people around the globe, causing over 2,900 deaths.
National Truck Driver Appreciation Week runs from September 8-14, 2019.
Truck drivers are amongst the hardest working people committing their lives to tackling one of the toughest jobs in America. So, with Driver Appreciation Week fast approaching, you may be looking for ways to honor your valued road warriors. In reality, there aren't enough ways to thank your drivers for all they do, but here is a list of 10 ways to celebrate this important week.
The “Trucking Generation” is still on the verge of retirement.
In 1994, 60% of the truck drivers were between the ages of 25 and 44. In 2018, 55% of drivers are over the age of 45. This group of truck drivers, known as the “trucking generation,” is aging and on the verge of retirement.
Breakdown of Truck Drivers By Age
Driver turnover is actually down (to 78% from a peak of 98% at the beginning of 2018)!
The driver turnover rate peaked at 98% in the first half of 2018 before decreasing to the current rate of 78%. Companies are paying their drivers more which is working to keep drivers in place. At the same time, the freight market is softening which, according to Bob Costello, chief economist for ATA, leads to lower driver turnover.
A new regulation was passed in 2017 that pertains to your OSHA recordkeeping information. This regulation requires you to visit the OSHA Injury Tracking Application (ITA) via their website and submit your information digitally for each establishment. Here are few FAQs that may help you on this process.
Everything about running a transportation company is a little more complicated now – from hiring great drivers, to improving safety performance, to preparing the next generation of leaders.
In our work with hundreds of different transportation companies, what we've found is that this increased complexity has led to two key things happening:
1) there are more hidden risks in your business than ever before, and
2) the companies that address these hidden risks are outperforming everyone else.
THE OPPORTUNITY:
If there's one thing we know about our clients, it's that if there’s any way to improve their business, they want in. So, for the past 6 months, we’ve been working on a way for high-performing transportation companies to come together and face these challenges head on.
It’s called The DE-RISKING Network. And here’s what it’s all about:
1. Bumping elbows with other high-performers. It's amazing what happens when you get a group of high-performers in the same room to tackle really difficult challenges.
2. Focusing on what actually makes an impact. We believe that focusing on Leadership, Culture, and Operations has the greatest potential to increase the value of your company, so that’s where we’ll spend our time.
3. Hearing from the country’s best experts. We’re bringing in the country’s leading experts to deliver content both digitally and in-person at events like the annual DE-RISKATHON member retreat (i.e. US Navy SEALS).
4. Preparing the next generation of leaders. The future performance of your company rests in the hands of the next generation of leaders. This program will be a way for current and future leaders to share a common learning experience and refine their skills.
If you’re interested, you can learn more about The DE-RISKING Network here.
Now through May 1st, you can join for a reduced membership fee, which includes the annual DE-RISKATHON member retreat on June 11th and 12th in Milwaukee.
Hopefully this isn’t new news to you but the deadline to submit your information off of your OSHA 300a to OSHA directly is coming up! This deadline is separate from posting your 300a in a conspicuous location at your facility. This regulation requires you to visit the OSHA Injury Tracking Application (ITA) via their website and submit your information digitally for each establishment. Here are few FAQs that may help you on this process.
Who has to submit their information?
Pretty much everyone if you have greater than 20 employees! If you are in the construction or general industry business, then you’re more than likely on the list. For a complete list of industries that are required to submit, visit this link: https://www.osha.gov/recordkeeping/NAICScodesforelectronicsubmission.pdf
It’s a pretty simple set of questions. As professionals (and organizations), it seems like we ought to have thought about this before.
The first question (what do you do?) can be answered in a very straightforward way (a trucking company, a roofing company, a risk advisor).
The second question (why does it matter?) is where it gets a little trickier. Why do you matter to: 1) your clients, 2) your employees, 3) your community?
HNI works with high-performing companies to help them address the hidden risks in their business and avoid The Insurance Dependency Trap. This is done by proactively DE-RISKING their business so they can be less dependent on insurance.
HNI also offers the basic services of insurance and employee benefits. HNI has offices in Milwaukee, Chicago, and Minneapolis.