Preserving Human Capital and Reducing Costs: Implementing Driver Safety Training

Abstract

Managing and retaining human capital is critical to the success of today~ organizations. In the current business environment the Chief Financial Officer (CFO) must be able to understand and mange product-based, employee benefit and, knowledge-based costs. When employees are absent from work considerable knowledge, skills, experience and, expertise is an unrecoverable cost. Therefore, managing tangible employee benefit costs and, reducing absenteeism should be an integral part of a business ~ overall strategy. SMARTDRIVE^TM, a specific driver training program, was developed and implemented by Gold Cross Safety Corporation. SMARTDRWER^TM has been used by major companies with large leased vehicle fleets and has produced tangible cost savings from accident reduction that are reflected in an improved experience rating for insurance and health care costs and increased productivity by reducing absenteeism.