At DriverReach, we understand that motor carriers are always looking for ways to reduce costs and improve efficiency. And with each manual administrative task costing an average of $4.70, it makes sense to look closer at optimizing processes to save money. But what if there was a way to actually turn your VOE response workflow into a profit center?
Sounds too good to be true, right?
But that’s exactly what VOE+ is designed to do! If you’ve been following along on our blog, you’ve likely already learned about the benefits of VOE+—a previous employment verification database that helps companies facilitate the driver qualification process more efficiently and maintain compliance, as well as offers a unique revenue-sharing opportunity.
In this blog, we’ll explain the final piece of VOE+ that you may not know about: the opportunity to make money and offset the costs of administrative tasks through our previous employment verification database.
How to make money with VOE+
First, let’s recap how the whole VOE process works. A requestor is someone at a company, usually a recruiter or someone working in HR, who requests a VOE from another company for whom a driver has worked. A responder is the person at that other company who supplies the verification of employment. Learn more about this process.
When VOE+ is utilized, a requestor has instant, immediate access to a previous employment verification record -if that record exists in the database. That’s where you come in! Records are constantly being added to VOE+ by companies like yours who are taking advantage of the easy-to-use and instantaneous nature of VOE+. They’re also getting paid each time one of their records is purchased. Note: If a record does not exist, a missing record request can be made by the requestor. Once added by the previous employer, it will now be accessible to any requestor going forward.
When a VOE is purchased, the requester receives a detailed report on the driver's employment history. The company responsible for providing the record receives a dividend. But it’s not just a one-time thing: That same company will continue getting a cut every time that record is purchased in the future.
You read that correctly! Each time one of your records is purchased in VOE+, you share a portion of that revenue for your contribution. That means you can generate additional revenue for your company, maintain compliance with regulatory requirements, all while removing the ongoing administrative burden of responding manually to VOE requests.
How much revenue can I make with VOE+?
The amount of revenue you can earn depends on the number of your records that are purchased through VOE+. The more records you have and the more they're purchased, the more revenue you can make. On average, companies earn about 40% of a transactional record, or between $3-4 for each record purchased.
For DriverReach customers, the process is even easier. Our driver recruiting, retention, and compliance management system integrates VOE+ directly into the platform's functionality. With a click of a button, you can request or provide a VOE from within the platform, saving you time, earning you money, and making your day-to-day work easier. But even if DriverReach isn’t the right fit for your company right now, VOE+ —and its revenue-sharing opportunities—are available to any company looking to make this cumbersome process work for them.
Get started with VOE+ and revenue sharing
In short, VOE+ from DriverReach is a win-win solution for transportation companies looking to reduce costs, generate additional revenue, and streamline their employment verification process. And because employment verification is a required part of the hiring process for transportation companies, it's an opportunity for you to turn a necessary expense into a source of revenue.
By leveraging the VOE+ employment verification database, you can stay compliant, dramatically reduce your administrative burden of responding to every VOE request, and improve your bottom line.
So why wait? Contact us today to learn more about how VOE+ can benefit your company.
With VOE+, you'll save hundreds of hours answering VOE requests. It's a simple and modern solution designed to alleviate the burden of ensuring compliant employment checks. See what VOE+ can do for you!