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<blockquote data-quote="vantexan" data-source="post: 962264" data-attributes="member: 24302"><p>If you scroll through the posts you'll see one titled "Payscales". How much you top out at depends on which payscale you are under. When I started in '86 it took 23 months to top out but that was stretched out over the years to the point where it could possibly take 40+ years to top out. I'm a rehire at almost 13.5 years, and make $4.40hr less than topped out employees. I was making $4.27hr less until the last raise in March. That's been the case for about 4 years now, losing ground instead of catching up. The latest pay scheme which started in March is supposed to address this by speeding up time to top-out a bit, but it will still take a very long time. A newhire will receive 3% annual raises until he reaches the midway point between starting pay and top pay. He then gets 5% raises until he gets to the 4th quartile when he'll get 6% raises until he reaches top-out. The catch is that if they raise either starting or top pay then the mid-point moves up. So at 3% raises they'll be chasing the mid point and better raises for a very long time. And there's no guarantee that FedEx will even keep it's word about giving even these small raises. It's all smoke and mirrors.</p><p></p><p>A newhire will receive 2 weeks vacation after working 1 year, 3 weeks after 5 years, 4 weeks after 10 years, and 5 weeks after 20 years. 5 paid sick days a year that are paid to you as a bonus for the days you don't take.</p></blockquote><p></p>
[QUOTE="vantexan, post: 962264, member: 24302"] If you scroll through the posts you'll see one titled "Payscales". How much you top out at depends on which payscale you are under. When I started in '86 it took 23 months to top out but that was stretched out over the years to the point where it could possibly take 40+ years to top out. I'm a rehire at almost 13.5 years, and make $4.40hr less than topped out employees. I was making $4.27hr less until the last raise in March. That's been the case for about 4 years now, losing ground instead of catching up. The latest pay scheme which started in March is supposed to address this by speeding up time to top-out a bit, but it will still take a very long time. A newhire will receive 3% annual raises until he reaches the midway point between starting pay and top pay. He then gets 5% raises until he gets to the 4th quartile when he'll get 6% raises until he reaches top-out. The catch is that if they raise either starting or top pay then the mid-point moves up. So at 3% raises they'll be chasing the mid point and better raises for a very long time. And there's no guarantee that FedEx will even keep it's word about giving even these small raises. It's all smoke and mirrors. A newhire will receive 2 weeks vacation after working 1 year, 3 weeks after 5 years, 4 weeks after 10 years, and 5 weeks after 20 years. 5 paid sick days a year that are paid to you as a bonus for the days you don't take. [/QUOTE]
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