Payroll Challenges for Trucking Companies and How to Overcome Them
Payroll Challenges for Trucking Companies and How to Overcome Them Trucking companies face unique payroll challenges that stem from the nature of the industry, such as fluctuating hours, multiple pay structures, and complex regulatory compliance. These challenges can lead to errors, delays, and even legal issues if not properly addressed. Below are some common payroll challenges faced by trucking companies and effective strategies to overcome them. Tracking Hours and Mileage Accurately Trucking companies often pay their drivers based on miles driven or per load, which can make tracking hours and mileage accurately a complex task. Drivers might work irregular hours, and calculating pay based on mileage can be subject to various factors like route changes, road conditions, or stops along the way. Additionally, long-haul drivers might cross multiple time zones, making it even harder to ensure the correct compensation for work hours. Solution: Implementing electronic logging devices (ELDs...