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UPS Partners
Mip Factor Announced
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<blockquote data-quote="Mipped Off" data-source="post: 130448"><p>17% Raise in Corp????? Where do you get your facts? </p><p></p><p>I was shocked to hear the MIP announcement. I'm in agreement that things seem a little off when we announce the earnings we did and than cut back on incentives to employees. The big question we had was how are the elements weighted. As someone else mentioned, it doesn't seem like there's an answer for that. In my opinion, it's a way of making cut backs and padding the bottom line to make UPS look better to Wall Street while making the employees feel like it's our fault because we failed to reach these "elements".</p><p></p><p>There is a big push to bring in new, younger employees right out of college to "rejuvenate" and one day run some departments in IS. I know three that have already left because of the demanding hours, high expectations and low pay. The MIP has been an incentive that has kept many people here. Last years changes were hard to swallow (holding back 50% of your award) but at least you would eventually get it, so it became tolerable. Arbitrarily deciding that it's time to cut into award with no clear explanation other than "we didn't meet the elements" is not going to cut it. </p><p></p><p>Anybody that works in IS knows that you can make more money at most other companies but UPS has always had the angle on job security, benefits and long term financial comfort. Well now there's layoffs, consolidations, higher costs for benefits and obviously the financial outlook has become cloudy at best. </p><p></p><p>How can they recruit the best employees if all they'll be able to offer is average pay and benefits? I've got about 10 years under my belt here and have begun researching opportunities elsewhere. I've always said it's a great company and proud to say I'm a UPSer. I expected to be here until I got the gold watch on my 20th anniversary along with the nice plaque. By time I get to my 20th year, I bet the watch has been changed to a firm handshake and the plaque changed to an e-mail that you have to print out at home to conserve money on paper.</p></blockquote><p></p>
[QUOTE="Mipped Off, post: 130448"] 17% Raise in Corp????? Where do you get your facts? I was shocked to hear the MIP announcement. I'm in agreement that things seem a little off when we announce the earnings we did and than cut back on incentives to employees. The big question we had was how are the elements weighted. As someone else mentioned, it doesn't seem like there's an answer for that. In my opinion, it's a way of making cut backs and padding the bottom line to make UPS look better to Wall Street while making the employees feel like it's our fault because we failed to reach these "elements". There is a big push to bring in new, younger employees right out of college to "rejuvenate" and one day run some departments in IS. I know three that have already left because of the demanding hours, high expectations and low pay. The MIP has been an incentive that has kept many people here. Last years changes were hard to swallow (holding back 50% of your award) but at least you would eventually get it, so it became tolerable. Arbitrarily deciding that it's time to cut into award with no clear explanation other than "we didn't meet the elements" is not going to cut it. Anybody that works in IS knows that you can make more money at most other companies but UPS has always had the angle on job security, benefits and long term financial comfort. Well now there's layoffs, consolidations, higher costs for benefits and obviously the financial outlook has become cloudy at best. How can they recruit the best employees if all they'll be able to offer is average pay and benefits? I've got about 10 years under my belt here and have begun researching opportunities elsewhere. I've always said it's a great company and proud to say I'm a UPSer. I expected to be here until I got the gold watch on my 20th anniversary along with the nice plaque. By time I get to my 20th year, I bet the watch has been changed to a firm handshake and the plaque changed to an e-mail that you have to print out at home to conserve money on paper. [/QUOTE]
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