If it's to save the company no. If it's to maximize profit to impress Wall Street so that those who hold alot of stock can get a higher stock price, yes it's wrong. I don't believe FedEx is in the position to pay UPS equivalent pay and benefits. But they could certainly top us out faster. I think most mid-range employees would accept 10 years, possibly a few more.
Just curious but how many years have you put in to be $3hr from top pay? Have you ever taken a hit dropping from swing to courier? Have you ever had a mgr give you a 5.5 review after you threatened a GFT because they were violating policy big time?(I took an offered transfer rather than go to the company. The 5.5 was his parting gift on my exit review. Just happened to be the year the company slashed our raises, 2002 I think.). And how long, with the company advancing top-out 3% a year will it take you to make up that 3 Dollars? A 6.4 is now a 3.2% raise. I believe you'd get a smaller raise than top-out would. If you're ok with that fine. I feel after 12 years I should be at least over $20hr, especially considering dealing with a number of mgrs who have been fired or demoted. Especially after posting highly productive numbers not only for the 12 years since being rehired but also the 11 before quitting. I'm now not going to get a traditional pension in the low $20k's in spite of almost 24 years of hard work. I was willing to put up with the pay to get that pension. Sorry, you got me started, LOL!
1. I have 11 years in.
2. I went from a FT PM swing to a FT AM courier.
3. WHEN (how long ago) did the manager give you a 5.5? Reviews started being generated electronically a while back (can't remember the exact year).
4. Assuming a flat 3%/year, I would top out in 5 more years. Will probably be closer to the 3-4 year range since I'll get more, unless FedEx cuts the percentages.
5. A topped out employee only gets a bigger raise (percentage-wise) than me if he/she gets a higher review.. You use the term top out when there really is no top out. If there is a top out, then those that are 'topped out' wouldn't even need a review, would they?
I don't believe everyone should get the same raise and top out in the same amount of time, a la UPS. Why should I bust my hump while the guy next to me slacks and will get the same raise? Would I like to top out quicker? Yes. Do I believe I have a right to TELL FedEx higher ups what kind of raise I should get? No. MFE stated more than once that if you stand up and complain you'll eventually be terminated. If you owned a company, would you want the likes of MrFedEx working for you? I wouldn't and he would be gone.
Ok mid 50's.Whats the difference? A few years big deal..My point is that you were satisfied with you salary for almost 30 years.I'm not trying to argue with you.I respect my elders.
This made me lol....