Indhumathi D

Despite the lockdown that followed the COVID-19 pandemic, ride-hailing companies are functioning to cater to the inevitable transit and delivery requirements of the community. Taxi drivers play a vital role here because it is they who go the extra mile to execute the jobs manifested. Given the scenario, you have to take every possible measure to help your drivers to keep away from infections while they are out there serving the community.

Indhumathi D

The ride-hailing taxi industry has a much wider scope for growth especially with the increase in the need for easy access to daily transit. In fact, the global ride-hailing market valued $36,450.0 million in 2017 is projected to reach $126,521.2 million by 2025. With the growing market demand, taxi businesses can gain massive profits if they can formulate an effective business strategy and rightly execute the same.

Indhumathi D

As the taxi industry continues to grow exponentially, there seems to be a constant struggle between taxi companies to hire and retain drivers. The acute demand has led to a shortage of professionals and so it is imperative to retain your existing drivers and not risk losing them to your competitors. Here are 4 effective driver retention strategies.
Driver Engagement
Engaging drivers is the biggest prospect in the taxi industry.

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Several fatal taxi incidents made people, especially women passengers, worried to hop into the taxi. Besides the government’s safety policies and regulatory steps, ride-hailing industry giants have beefed up safety features to avoid such mishaps and taken precautionary measures to safeguard their passengers, maintain trust, and revive their goodwill.

Indhumathi D

The rapid growth of the ride-hailing industry has made it the hub for taxi startups. Across the globe, most of the traditional taxi companies have adopted the online ride-hailing concept to compete with the industry giants. However, the taxi drivers who drive for ride-hailing companies are being swayed between technology and taxi companies.