Company Proud of No Hidden Fine Print
SPRINGFIELD, MO. (April 19, 2005) Prime Inc. has introduced a new compensation structure for all current and future refrigerated division company drivers. The new pay structure allows drivers joining Prime to start at 35.5 cents per mile, based on experience. Some current drivers are now earning up to 62.5 cents per mile, which includes all bonuses and programs such as fuel surcharge and driver training programs.
The new program recognizes and rewards drivers based on their number of years driving and credits experienced drivers with mileage driven for future pay increases. Prime Inc.s refrigerated division accounts for more than 70% of Primes drivers.
As importantly, according to John Hancock, Director of Training and Driver Recruitment, Primes revised compensation plan has none of the fine print too often found in our competitors plans. The per mileage rate we quote has no exceptions or asterisks.
For Robert Low, founder and President of Prime Inc., the new compensation plan is another example of the companys singular focus on its drivers. Although Im proud of our new plan, its not just about the pay rate. I want to make Prime the best transportation carrier anyone could work for, Low stated.
In addition to the new compensation structure, Prime has also increased the companys contribution to employees 401K plans by 20%. All employees, including company drivers who have been with the company for one year, are eligible to participate in the 401k plan. This program not only gives associates the ability to put money towards retirement, but Prime matches every employee dollar with a fifty cent contribution for up to 6 percent of the employees gross pay.