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<blockquote data-quote="vantexan" data-source="post: 858736" data-attributes="member: 24302"><p>We went 4.5 yrs between raises in the mid-90's. I remember about 3 years in that Fred S said if they gave a 2% raise to topped out couriers it would cost an extra $30 million a year and they just couldn't afford it. Same month they announced to Wall Street that FedEx had a $250 million in profit in one quarter for the first time. I was domiciled in a small town in Colorado when I finally got a .39hr raise in early '97. My mgr told me I'd better enjoy it, it was the last I'll see for a very long time. I got angry and quit and of course not long after they gave topped out couriers some substantial raises. Just another reason I have such a high opinion of your fellow mgrs. And of course now their answer to everything seems to be raise starting pay to attract newhires. They talk alot, but make no effort to help us in mid-range. They'll just use us, and if we quit replace us with a cheaper employee and it takes many years for the cash balance plan to amount to anything. So if you do quit they cut you a check and usher you out of their system. Nice folks you work for.</p></blockquote><p></p>
[QUOTE="vantexan, post: 858736, member: 24302"] We went 4.5 yrs between raises in the mid-90's. I remember about 3 years in that Fred S said if they gave a 2% raise to topped out couriers it would cost an extra $30 million a year and they just couldn't afford it. Same month they announced to Wall Street that FedEx had a $250 million in profit in one quarter for the first time. I was domiciled in a small town in Colorado when I finally got a .39hr raise in early '97. My mgr told me I'd better enjoy it, it was the last I'll see for a very long time. I got angry and quit and of course not long after they gave topped out couriers some substantial raises. Just another reason I have such a high opinion of your fellow mgrs. And of course now their answer to everything seems to be raise starting pay to attract newhires. They talk alot, but make no effort to help us in mid-range. They'll just use us, and if we quit replace us with a cheaper employee and it takes many years for the cash balance plan to amount to anything. So if you do quit they cut you a check and usher you out of their system. Nice folks you work for. [/QUOTE]
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