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or someone rattles a couple extra cents per mile
may actually cost them in the long run.
The first, obvious thing drivers need to consider
is that when you switch jobs there’s going
to be at least a slight gap in pay. One gap may
not hurt, but if it’s happening once or twice a
year, it will take a lot of miles to make up for lost
time, even at a higher rate.
Mundy added that before drivers jump at that
higher rate, they need to look at the whole compensation
package, starting with the health care
benefits the new company is offering. If the new
company’s health plan offers less coverage and
higher premiums and deductibles, it will cut into
that extra pay in a hurry.
And, with few exceptions, there will be a gap
in coverage, maybe a couple months’ worth,
where everything would be out of pocket.
“There are drivers who plan ahead and they
get a three-month supply of their prescriptions,”
Mundy said.
Thinking even further ahead, she said, drivers,
like all American workers for that matter,
need to consider what job-hopping does to any
retirement savings plan they might have. A study
by Fidelity Investments found that in 2013 alone,
American workers forfeited $203 million cashing
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