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FedEx Discussions
Softening Us Up?
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<blockquote data-quote="Ricochet1a" data-source="post: 980162" data-attributes="member: 22880"><p>Read your employee handbook. FedEx reserves the right to change any personnel policy at any time without notice. You don't work on contract, you are an at-will employee with NO contract. PEOPLE is in a constant state of change, so much so that it is revised constantly and hardcopies are destroyed upon revision. </p><p></p><p>How much input did you have regarding the loss of your defined benefit pension plan. Express just up and took it and replaced it with a "pension" that was worth about 30-40% of the DBPP (depending on age of the employee). You took about a 10% hit to your total compensation when the DBPP was pulled - did the "sheep of Express" do anything about it?</p><p></p><p>More that anything, I think this one action by Express was a test to see if they could get away with further change. Look at the past 4 or so years and you have your answer.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 980162, member: 22880"] Read your employee handbook. FedEx reserves the right to change any personnel policy at any time without notice. You don't work on contract, you are an at-will employee with NO contract. PEOPLE is in a constant state of change, so much so that it is revised constantly and hardcopies are destroyed upon revision. How much input did you have regarding the loss of your defined benefit pension plan. Express just up and took it and replaced it with a "pension" that was worth about 30-40% of the DBPP (depending on age of the employee). You took about a 10% hit to your total compensation when the DBPP was pulled - did the "sheep of Express" do anything about it? More that anything, I think this one action by Express was a test to see if they could get away with further change. Look at the past 4 or so years and you have your answer. [/QUOTE]
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