Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Changes in Management Compensation?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="pretzel_man" data-source="post: 783529" data-attributes="member: 927"><p>I have talked to many people in corporate and cannot see any huge beneift to the company or unterior motive. Let's look at it....</p><p> </p><p>1/2 month: There must be some simplified processing, by not having to complete 30,000 extra checks at the beginning of the year.</p><p> </p><p>MIP: There is certainly a time value of money savings to the company. They will defer a payment for 3 months. The deferred payment applies only to the cash portion I think. (remember, they will also give you one month's pay, so I'm not sure how much the time value of money savings is) MIP is already accrued monthly in the books.</p><p> </p><p>LTIP / LTI: They eliminated extra correspondence, materials, etc.</p><p> </p><p>Ownership guidelines: I'm unclear about this one.... Seems that they have seperated the ownership guidelines and how the 1/2 month is calcualted, nothing more... They "may" put some teeth in the guidelines now. I think that would be good.</p><p> </p><p>I do not know if you have the complete material, presentation, and FAQ's. I do and have read them multiple times.</p><p> </p><p>They say that there are some simplified processes as mentioned above. They also say it aligns MIP to the fiscal year. Finally they say that there is not a cost savings for the company.</p><p> </p><p>The examples as well as my own calculations do not show any loss to the employee. (They show a small increase).</p><p> </p><p>Will a "gotcha" come? I don't know. I just don't see it now.</p><p> </p><p>BTW, I liked the old program. I liked getting the extra 1/2 month check. I liked all the incentives seperated. I'm just saying I don't see problem with this one.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 783529, member: 927"] I have talked to many people in corporate and cannot see any huge beneift to the company or unterior motive. Let's look at it.... 1/2 month: There must be some simplified processing, by not having to complete 30,000 extra checks at the beginning of the year. MIP: There is certainly a time value of money savings to the company. They will defer a payment for 3 months. The deferred payment applies only to the cash portion I think. (remember, they will also give you one month's pay, so I'm not sure how much the time value of money savings is) MIP is already accrued monthly in the books. LTIP / LTI: They eliminated extra correspondence, materials, etc. Ownership guidelines: I'm unclear about this one.... Seems that they have seperated the ownership guidelines and how the 1/2 month is calcualted, nothing more... They "may" put some teeth in the guidelines now. I think that would be good. I do not know if you have the complete material, presentation, and FAQ's. I do and have read them multiple times. They say that there are some simplified processes as mentioned above. They also say it aligns MIP to the fiscal year. Finally they say that there is not a cost savings for the company. The examples as well as my own calculations do not show any loss to the employee. (They show a small increase). Will a "gotcha" come? I don't know. I just don't see it now. BTW, I liked the old program. I liked getting the extra 1/2 month check. I liked all the incentives seperated. I'm just saying I don't see problem with this one. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Changes in Management Compensation?
Top