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UPS Partners
"Pay Mix" update...
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<blockquote data-quote="J The Ripper" data-source="post: 5481293" data-attributes="member: 74052"><p>I see all the posts ..some very informative .. supposedly the change won't affect "total" pay for most, as they define it. By shrinking the MIP and reallocating a large portion to pay, there will no longer be those oversized MIP bonuses when goal is exceeded. On the other side, employess won't suffer as much in a bad year. With management incentive phased out, there is no longer an incentive to buy stock or hold it. There is still a discount program where you can purchase for 5% off, not such a big deal. So will employees be incentivized to work as hard? The MIP bonuses were a big motivation. Another thing to note, new hires are not aware of all the stuff mgmt used to get - all the things that have been phased out. Remember the 1/2 month holiday pay? The Christmas Turkey? The Reportbacks with food and drink? The Pension? Now the Management Incentive and reduced MIP. All that given in the past that is gone. New hires only know the here and now .. the future is not going to be so rosy for the majority of new UPSers as it has been for past UPSers .. but they won't know it ...</p></blockquote><p></p>
[QUOTE="J The Ripper, post: 5481293, member: 74052"] I see all the posts ..some very informative .. supposedly the change won't affect "total" pay for most, as they define it. By shrinking the MIP and reallocating a large portion to pay, there will no longer be those oversized MIP bonuses when goal is exceeded. On the other side, employess won't suffer as much in a bad year. With management incentive phased out, there is no longer an incentive to buy stock or hold it. There is still a discount program where you can purchase for 5% off, not such a big deal. So will employees be incentivized to work as hard? The MIP bonuses were a big motivation. Another thing to note, new hires are not aware of all the stuff mgmt used to get - all the things that have been phased out. Remember the 1/2 month holiday pay? The Christmas Turkey? The Reportbacks with food and drink? The Pension? Now the Management Incentive and reduced MIP. All that given in the past that is gone. New hires only know the here and now .. the future is not going to be so rosy for the majority of new UPSers as it has been for past UPSers .. but they won't know it ... [/QUOTE]
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"Pay Mix" update...
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