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UPS Partners
401k Match...when is it coming back?
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<blockquote data-quote="randomUPSISer" data-source="post: 726391" data-attributes="member: 24399"><p>And employers without 401k matches tend to pay more than those without. (Also employers without health care tend to pay more too) </p><p></p><p>All in all, each employee is an item on a budget for a high up manager somewhere. That budget number doesnt represent your salary, it represents what you actually cost to the employer. Rest assured, that 3% was planned as a reduction in employee cost, not a reduction in "perks". Wikipedia may say that, but Id hardly call it the end all be all of sources. A perk to me is something that costs the company no extra money and you just happen to get. Not an item thats used as compensation.</p><p></p><p>I guarantee that upper management saw it as a "reduction in total compensation". They figured the vast majority of employees wouldnt care as much as if they just slashed it from their take home pay. In a way its actually worse since its slashing our future earnings since that money could be out there making more money for us.</p></blockquote><p></p>
[QUOTE="randomUPSISer, post: 726391, member: 24399"] And employers without 401k matches tend to pay more than those without. (Also employers without health care tend to pay more too) All in all, each employee is an item on a budget for a high up manager somewhere. That budget number doesnt represent your salary, it represents what you actually cost to the employer. Rest assured, that 3% was planned as a reduction in employee cost, not a reduction in "perks". Wikipedia may say that, but Id hardly call it the end all be all of sources. A perk to me is something that costs the company no extra money and you just happen to get. Not an item thats used as compensation. I guarantee that upper management saw it as a "reduction in total compensation". They figured the vast majority of employees wouldnt care as much as if they just slashed it from their take home pay. In a way its actually worse since its slashing our future earnings since that money could be out there making more money for us. [/QUOTE]
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401k Match...when is it coming back?
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