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UPS Partners
Changes in Management Compensation?
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<blockquote data-quote="CleverNick" data-source="post: 783909" data-attributes="member: 10293"><p>I have read a lot of comments on this thread and also on UPSers.com bemoaning the loss of the half month bonus. Maybe it's because I have "only" been with the company for 9 years, but I don't understand the opposition to it. It seems like there are two main arguments against the half month bonus change:</p><p> </p><p>1. It is "tradition" to get a little extra something during peak.</p><p>2. It is nice to get a lump sum before the holidays for gifts and stuff.</p><p> </p><p>Regarding argument #1, the change improves upon tradition in that now we have access to the half month bonus sooner. Financially speaking, we are almost always better off getting money sooner rather than later. You can take the money and stick it in an online savings account, and earn an extra couple bucks on it rather than waiting until November and getting the money without any interest. I am tempted to offer those who want to maintain this "tradition" a deal. You give me your extra 4.2%, I'll deposit it in a savings account, and then in November, I'll give you your half month bonus and I'll pocket the interest. It is a win-win. You get to keep your tradition, and I get to pocket a little extra income at your expense. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":-)" title="Smile :-)" loading="lazy" data-shortname=":-)" /></p><p> </p><p>Secondly, they are bumping up our base salaries by 4.2%, which is actually MORE than the half money bonus. By my math, half month bonus is actually 4.1666666%, so we are getting an extra fraction of a percent. Yes, it isn't much, but I'll take more money over less money any day!</p><p> </p><p>Regarding liking to have an extra bonus for the holiday, you can just take 4.2% of your salary every month, stick it in the bank, earn a little extra interest, and not touch it until the holidays. If you don't have the financial discipline to do this, then that's a "you" problem, not a UPS problem.</p></blockquote><p></p>
[QUOTE="CleverNick, post: 783909, member: 10293"] I have read a lot of comments on this thread and also on UPSers.com bemoaning the loss of the half month bonus. Maybe it's because I have "only" been with the company for 9 years, but I don't understand the opposition to it. It seems like there are two main arguments against the half month bonus change: 1. It is "tradition" to get a little extra something during peak. 2. It is nice to get a lump sum before the holidays for gifts and stuff. Regarding argument #1, the change improves upon tradition in that now we have access to the half month bonus sooner. Financially speaking, we are almost always better off getting money sooner rather than later. You can take the money and stick it in an online savings account, and earn an extra couple bucks on it rather than waiting until November and getting the money without any interest. I am tempted to offer those who want to maintain this "tradition" a deal. You give me your extra 4.2%, I'll deposit it in a savings account, and then in November, I'll give you your half month bonus and I'll pocket the interest. It is a win-win. You get to keep your tradition, and I get to pocket a little extra income at your expense. :-) Secondly, they are bumping up our base salaries by 4.2%, which is actually MORE than the half money bonus. By my math, half month bonus is actually 4.1666666%, so we are getting an extra fraction of a percent. Yes, it isn't much, but I'll take more money over less money any day! Regarding liking to have an extra bonus for the holiday, you can just take 4.2% of your salary every month, stick it in the bank, earn a little extra interest, and not touch it until the holidays. If you don't have the financial discipline to do this, then that's a "you" problem, not a UPS problem. [/QUOTE]
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