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UPS Partners
Redesigned mip
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<blockquote data-quote="proups" data-source="post: 51890"><p>MIP was 15% of pre-tax profits, divided among the number of people in the plan - profit sharing. </p><p> </p><p>Now, MIP is based on hitting targets the company establishes - and we are pretty good at hitting performance targets - with no 15% ceiling. That to me is better for management than a profit sharing plan. </p><p> </p><p>The recommendation by the division manager factor is still there as I understand it, but how many people do you know that don't get stock, half month, etc.....that didn't have one foot out the door?</p></blockquote><p></p>
[QUOTE="proups, post: 51890"] MIP was 15% of pre-tax profits, divided among the number of people in the plan - profit sharing. Now, MIP is based on hitting targets the company establishes - and we are pretty good at hitting performance targets - with no 15% ceiling. That to me is better for management than a profit sharing plan. The recommendation by the division manager factor is still there as I understand it, but how many people do you know that don't get stock, half month, etc.....that didn't have one foot out the door? [/QUOTE]
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