Any news on the 2010 MIP ?

Discussion in 'UPS Partners' started by blue_orbit, Sep 11, 2010.

  1. blue_orbit

    blue_orbit New Member

    Just wondering if there was any good news on the horizon ? As there is little daily good news....
     
  2. Casca

    Casca Member

    Figure 2.75 for one units....better next year with most of the over 50/55's gone
     
  3. brownmonster

    brownmonster Man of Great Wisdom


    You get to go to work every day. That would be good news to alot of people. What descision have you recently made that warrants an MIP award? All my mgmnt does is blindly follow orders and look at computer printouts without asking why. I do that without the benefit of free stock.
     
  4. whiskey

    whiskey New Member

    Everyone still seems to be happy with luke warm porridge in the "New Goldilocks" economy.
     
  5. brownmonster

    brownmonster Man of Great Wisdom

    You shouldn't be awarded simply for putting on a tie. To the bosses defense, they aren't allowed to make any meaningful descisions. There's probably alot of good ideas and improvements in the minds of management people. Too bad they aren't allowed to express them.
     
  6. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    It is not really a bonus just for being in management ... it is part of their compensation.
    When people are interviewed for management positions, 30 years ago and even currently, the MIP is presented as part of the management person's compensation.
    During a management person's annual review of their compensation, the MIP is presented as 2 times their monthly salary (for a 1-unit person) and is part of the Annual Salary Review.

    So while your expression represents a biased view from outside the domain, it is based on an incorrect assumption of the nature of the MIP.
     
  7. brownmonster

    brownmonster Man of Great Wisdom

    One of my Supes says he wasn't awarded an MIP this year. If the DM can decide not to give it out then it sounds like a bonus to me.
     
  8. Anonymous 10

    Anonymous 10 Guest

    Cancelled forever sorry
     
  9. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    More like he is getting some of his salary taken away from him. This is not good news for him. Sorry to hear.
     
  10. FracusBrown

    FracusBrown Ponies and Planes

    The good news is profits are up. Reality is MIP is based upon something that can't be calcultated so you're likey to get less than expected.
     
  11. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    i disagree ,, they should be awarded , they are punching bags for hourly and upper management
     
  12. sosocal

    sosocal New Member

    There will be alot of dissappointment and feeling of betrayal if it is anything less than 2.5 after what management at the ground level has endured this year - I'm not saying it wasn't needed or strategic - I am saying if there is not a feeling of being part of the reward for the sacrifice - things will not be good. I do think the company will come through this year with an MIP that is appropriate and reminds management why they chose this career.
     
  13. brownmonster

    brownmonster Man of Great Wisdom

    So a front line mgr gets an MIP award for cutting routes and burying drivers because he is harrased to to so by his superiors. BooHoo. It rolls down hill. It doesn't seem to be landing on the supe.
     
  14. sosocal

    sosocal New Member

    okay---and back to the original intent of the post - ANY NEWS ON THE 2010 MIP? - In the last 4 years I have heard it here first 50 percent of the time----
     
  15. pretzel_man

    pretzel_man Well-Known Member

    They are currently finalizing the participants for 2010. This is supposed to be finished at the end of the month.

    The MIP factor will be announced on October 21st.

    P-Man
     
  16. sosocal

    sosocal New Member

    ...in that case i will be looking for P-man to be unofficially announcing the factor somewhere around Oct 14th.....anything posted here before and / or by others is pure speculation and conjecture.
     
  17. FracusBrown

    FracusBrown Ponies and Planes

    Anything posted anywhere is pure speculation until it is announced. The factor used to based on a known mathematical formula. If you had the right info (profit, management salary expense, number of participants, etc), it could be calculated.

    It's entirely up to the board to establish the factor now.
     
  18. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    My guess is 2.4
     
  19. FracusBrown

    FracusBrown Ponies and Planes

    nice guess. can you predict next years?
     
  20. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Sure ... look for it in about 365 days. :wink2: