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UPS Partners
Changes in Management Compensation?
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<blockquote data-quote="CleverNick" data-source="post: 784878" data-attributes="member: 10293"><p>Dragon:</p><p> </p><p>You are not losing money.</p><p> </p><p>Let's say that at the end of 2010, you are making $5000 a month. Starting in Jan 2011, your salary will now be $5210 ($5000 times 1.042). Now in April, let's say that you get a 2%. Now your paycheck is $5314 ($5210 times 1.02). Your total annual salary for 2011 is $63,456.</p><p> </p><p>Compare that to what your salary would be without the change:</p><p>In Jan 2011, you'd make $5000. In April 2011, after you get your 2% raise, you'll be making $5100. Now in November 2011 you are going to get a half month bonus of $2550. Your total annual salary for 2011 is $63,450. </p><p> </p><p>Under the new system, you are making about the same.</p><p> </p><p>Now let's extend the scenario to 2012 assuming another 2% raise in April 2012:</p><p> </p><p>New system:</p><p>$5314 times 3 months plus $5420 times 9 months = $64,722</p><p> </p><p>Old system</p><p>$5100 times 3 months plus $5202 times 9 months plus $2601 half month = $64,719</p><p> </p><p>Again, it's about the same.</p><p> </p><p>I can continue this for 2013 and so forth but the math continues to work out the same. Put it into Excel and see for yourself. You are a management person so certainly Excel should be your friend. <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>I truly don't understand all of the angst about this change. <strong>You aren't losing anything.</strong></p></blockquote><p></p>
[QUOTE="CleverNick, post: 784878, member: 10293"] Dragon: You are not losing money. Let's say that at the end of 2010, you are making $5000 a month. Starting in Jan 2011, your salary will now be $5210 ($5000 times 1.042). Now in April, let's say that you get a 2%. Now your paycheck is $5314 ($5210 times 1.02). Your total annual salary for 2011 is $63,456. Compare that to what your salary would be without the change: In Jan 2011, you'd make $5000. In April 2011, after you get your 2% raise, you'll be making $5100. Now in November 2011 you are going to get a half month bonus of $2550. Your total annual salary for 2011 is $63,450. Under the new system, you are making about the same. Now let's extend the scenario to 2012 assuming another 2% raise in April 2012: New system: $5314 times 3 months plus $5420 times 9 months = $64,722 Old system $5100 times 3 months plus $5202 times 9 months plus $2601 half month = $64,719 Again, it's about the same. I can continue this for 2013 and so forth but the math continues to work out the same. Put it into Excel and see for yourself. You are a management person so certainly Excel should be your friend. :-) I truly don't understand all of the angst about this change. [B]You aren't losing anything.[/B] [/QUOTE]
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