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Brown Cafe UPS Forum
UPS Partners
Changes in Management Compensation?
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<blockquote data-quote="pretzel_man" data-source="post: 783878" data-attributes="member: 927"><p>Been there:</p><p> </p><p>Not sure I understand your points. Or mayb we do not disagree...</p><p> </p><p>1: 1/2 month. My point was that there was no major savings to the company here. Maybe small processing improvemnts</p><p> </p><p>2: When the 2011 Khalix reports come out, we will see if you are correct. The current budgets have the MIP accruals in there each month with no changes. Since MIP has been accrued monthly forever, I doubt there will be a change. BTW, the 1/2 month was already accrued monthly in the cost statements. For the MIP, UPS does save the time value of the money (maybe). Since they will pay in cash the 1 month pay in 2011, that savings may not exist either. In addition, the payment of the 1/2 month check means the company is losing the time value of that money.</p><p> </p><p>3: I agree with you. But...... This means that we need to support decisions they make trying to get the company to grow. (assuming they are not stupid). </p><p> Personally, I would rather have less in my paycheck if it means the difference can be used for growth initiatives. A growing stock is much more important than the MIP factor or a monthly check. When I first started receiving MIP, a 2.0 was huge.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 783878, member: 927"] Been there: Not sure I understand your points. Or mayb we do not disagree... 1: 1/2 month. My point was that there was no major savings to the company here. Maybe small processing improvemnts 2: When the 2011 Khalix reports come out, we will see if you are correct. The current budgets have the MIP accruals in there each month with no changes. Since MIP has been accrued monthly forever, I doubt there will be a change. BTW, the 1/2 month was already accrued monthly in the cost statements. For the MIP, UPS does save the time value of the money (maybe). Since they will pay in cash the 1 month pay in 2011, that savings may not exist either. In addition, the payment of the 1/2 month check means the company is losing the time value of that money. 3: I agree with you. But...... This means that we need to support decisions they make trying to get the company to grow. (assuming they are not stupid). Personally, I would rather have less in my paycheck if it means the difference can be used for growth initiatives. A growing stock is much more important than the MIP factor or a monthly check. When I first started receiving MIP, a 2.0 was huge. [/QUOTE]
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Changes in Management Compensation?
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