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<blockquote data-quote="vantexan" data-source="post: 814945" data-attributes="member: 24302"><p>But FedEx seems to want to replace better paid employees with newhires. As long as they have someone doing the rt they'd prefer said someone to be as poorly paid as possible. They have made a deal with topped out employees so are just waiting them out for replacement. But the rest of us aren't getting rewarded. If we quit in frustration after X number of years then we leave before the cash balance plan amounts to anything and are replaced by cheaper employees. Between that and more and more topped out employees retiring every year the workforce is tilting towards a majority of newer, lesser paid employees instead of being top heavy with experienced, better paid employees. This makes the company that much more profitable. They seem to think there's an endless stream of people who'll want to come into this clever little system. But this is the age of the Internet and word gets around. Sooner or later they'll have to pay better but in the meantime those of us who made a commitment to them and have worked hard for many years now are getting screwed.</p></blockquote><p></p>
[QUOTE="vantexan, post: 814945, member: 24302"] But FedEx seems to want to replace better paid employees with newhires. As long as they have someone doing the rt they'd prefer said someone to be as poorly paid as possible. They have made a deal with topped out employees so are just waiting them out for replacement. But the rest of us aren't getting rewarded. If we quit in frustration after X number of years then we leave before the cash balance plan amounts to anything and are replaced by cheaper employees. Between that and more and more topped out employees retiring every year the workforce is tilting towards a majority of newer, lesser paid employees instead of being top heavy with experienced, better paid employees. This makes the company that much more profitable. They seem to think there's an endless stream of people who'll want to come into this clever little system. But this is the age of the Internet and word gets around. Sooner or later they'll have to pay better but in the meantime those of us who made a commitment to them and have worked hard for many years now are getting screwed. [/QUOTE]
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