Hint: Percentage Pay Means More Time at Home and More Money in the Bank
When you think of truck driving, you probably think of hours and hours on the open road.
The longer you’re on the road, the more you’ll get paid. The longer you’re on the road, the more you’ll get paid. We will explain about percentage vs. hourly pay here.
Still, that means a lot of time away from your home and family. For some truckers, this might not be a problem, but having to stay on the road longer to get paid can get exhausting.
So, what if there was a different way to get paid with your CDL?
A way that doesn’t measure the hours you’ve driven, but the quality and efficiency of your work.
Fortunately, there is!
It’s called percentage pay, and it can help you spend a lot more time at home with your family. Plus, you can make the same or even more cash than you’d make driving hourly.
If that sounds like a pretty good deal, keep reading! We’ll explain the differences between percentage vs. hourly pay, and how percentage vs. hourly pay can help you put more money in the bank.
The best part of hourly pay is:
If the wheels are turning, you’re getting paid.
That’s a big advantage, especially if you’re stuck in traffic for hours on end.
But hourly pay has its fair share of drawbacks too. Your employer might not pay overtime for longer hauls, and they could dispute how many hours you actually worked.
Plus, you’ll usually be required to drive 14 hours on and 10 hours off by law. So, if you’re hauling ahead of schedule chances are you’ll lose some money.
The trouble is, you have to make every hour count.
It’s easy to become fatigued quickly, especially if you’re driving as many miles as possible within your hourly limit.
Oftentimes, hourly truck drivers end up overworking themselves to reach a salary that they deem acceptable to support their families.
And when you arrive at your destination, you could run into a “driver unload facility.” In this situation, the client might be trying to take advantage of your hourly wage…
In other words, the client expects you to unload all the items on your trailer by yourself. Sure, you’re still getting paid at the end of the day. But you’re a trucker, not a forklift driver!
Like we mentioned earlier, the advantage of percentage pay is that you’re getting paid for the quality, safety, and efficiency of your driving rather than how many hours you drive.
With percentage pay, drivers earn a percentage of the amount that each load costs.
Plus, during busy holiday seasons you can make a lot more than you would on a fixed hourly rate.
So, let’s say a client needs some goods hauled 1,200 miles and they’re willing to pay $3,000 for the load.
If you’re getting paid by the hour: at $25 an hour, if you finish the haul in about 18 hours, you’ll probably make around $450.
If you’re getting paid by percentage: at 27% of the load, you’ll be getting around $810 of the $3,000 the client paid!
Driving with JFW
Hourly and percentage pay both have their pros and cons, but if you’re looking to get paid more for the work you do, JFW is the company you’ve been looking for.
The best part about it?
Well, there are a few. But it starts with staying closer to home and making more cash for your work.
You won’t have to worry about driving 1,200 miles or more with JFW—we’re local. That means you get paid well for your services and you still get to go home to your family every night.
Our drivers start at 27% percentage pay, and that number increases on a yearly basis! In 4 years, you’ll be making 31% and after 5 years, your annual increase will jump to 1.5%!
And if you’re already a safe driver, you can get paid even more. JFW offers quarterly bonuses to drivers with no safety violations for the 3 month/year quarter.
We’re a family-owned business, and we want to help you support yours.
So, we offer:
Paid Time Off
Our attendance-based PTO plan begins the day you start working! You can save up PTO days and schedule them for use later, or let them accrue for a longer vacation.
More time for you and your family on New Year’s Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day!
We offer our employees and their families Health Care, Dental, Vision, Health Savings Plans, and many other plan options.
JFW helps you invest in your retirement by matching up to 2% of the money you put into your 401K account!
In addition, we only utilize all of the best, up-to-date vehicles, and our skilled mechanic team will work 24/7 to keep you on the road.
With JFW, you can spend more time with your family while making more money with percentage pay. So, if you’re looking to put your valuable skills to work in a professional environment, visit our website and apply now!