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UPS Partners
"Pay Mix" update...
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<blockquote data-quote="APeonInALandOfCorpLackies" data-source="post: 5446854" data-attributes="member: 67558"><p>I think it will be something like this:</p><p></p><p>Increase midpoints by x%. Reduce MIP by x*2%.</p><p></p><p>Most likely:</p><p>Sup: Increase midpoint by 3.5%, reduce MIP by 7%.</p><p>Mgr: Increase by 7%, reduce MIP by 14%.</p><p>Director: Increase by 14, MIP reduce by 21%.</p><p></p><p>Anyone that ends up below the new range gets a bump to the bottom of the range, anyone else gets no salary increase.</p><p></p><p>That would keep a uniform MIP of 10% for Sup, 20% for Mgr, 30% for director.</p><p></p><p>They wouldn’t give out a ton of raises since most people are unlikely to be that close to the bottom of their range AND they get to reduce MIP payout.</p><p></p><p>Welcome to your “enhanced” pay package. You don’t get a raise but you get more potential!!! Even though 70% of workforce must only get a 2.5% increase as mandated by Corp Comp bell curve/forced distribution 1980s IBM pay model.</p><p></p><p>(Funny that when they reworked retirement that their projections on what you’ll end up with were based on impossible 4% yearly raises that our Corp Comp explicitly attempts to prevent.)</p></blockquote><p></p>
[QUOTE="APeonInALandOfCorpLackies, post: 5446854, member: 67558"] I think it will be something like this: Increase midpoints by x%. Reduce MIP by x*2%. Most likely: Sup: Increase midpoint by 3.5%, reduce MIP by 7%. Mgr: Increase by 7%, reduce MIP by 14%. Director: Increase by 14, MIP reduce by 21%. Anyone that ends up below the new range gets a bump to the bottom of the range, anyone else gets no salary increase. That would keep a uniform MIP of 10% for Sup, 20% for Mgr, 30% for director. They wouldn’t give out a ton of raises since most people are unlikely to be that close to the bottom of their range AND they get to reduce MIP payout. Welcome to your “enhanced” pay package. You don’t get a raise but you get more potential!!! Even though 70% of workforce must only get a 2.5% increase as mandated by Corp Comp bell curve/forced distribution 1980s IBM pay model. (Funny that when they reworked retirement that their projections on what you’ll end up with were based on impossible 4% yearly raises that our Corp Comp explicitly attempts to prevent.) [/QUOTE]
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