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UPS Partners
What is your guess for MIP?
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<blockquote data-quote="Black_6_Leader" data-source="post: 930932" data-attributes="member: 9413"><p><span style="color: #222222"><span style="font-family: 'Arial'">You use an antiquated term to refer to the management employees of UPS as “Partners”. The partnership (as it was) has been dead for quite some time; I believe that most would agree that its funeral was on 11/10/1999 (the day UPS went public), which was (I believe) was also the date when MIP was also uncoupled from profits; and the amazing surge in the compensation at the C-level (CEO, COO CFO) began.</span></span></p><p> </p><p><span style="color: #222222"><span style="font-family: 'Arial'">Now as to MIP, there are I believe six elements today that are looked at for MIP in 2011, not just profitability: </span></span></p><p> </p><p><span style="font-family: 'Arial'"><span style="color: #000000">Balanced volume growth</span></span></p><p><span style="font-family: 'Arial'"><span style="color: #000000">Growth in revenue per piece </span></span></p><p><span style="font-family: 'Arial'"><span style="color: #000000">Growth in consolidated revenue</span></span></p><p><span style="font-family: 'Arial'"><span style="color: #000000">Growth in consolidated adjusted earnings per share (EPS)</span></span></p><p><span style="font-family: 'Arial'"><span style="color: #000000">Positive operating leverage </span></span></p><p><span style="font-family: 'Arial'"><span style="color: #000000">End-to-end service</span></span></p><p> </p><p><span style="font-family: 'Arial'"><span style="color: #000000">And of course, the goals for each measure are set by the “compensation committee”.</span></span></p><p> </p><p><span style="font-family: 'Arial'"><span style="color: #000000">Now at the end of the last quarter, I believe that three elements were at or above goal / target; and three elements were below goal / target; or 50% effective.</span></span></p><p> </p><p><span style="font-family: 'Arial'"><span style="color: #000000"> So, if the results trend held (only 50% to plan) ~ you would have a .5 month (for a one unit supervisor) and 1.0 month (for a two unit manager) since you are 50% to plan. To pay anything else implies that the measure is subjective.</span></span></p></blockquote><p></p>
[QUOTE="Black_6_Leader, post: 930932, member: 9413"] [COLOR=#222222][FONT=Arial]You use an antiquated term to refer to the management employees of UPS as “Partners”. The partnership (as it was) has been dead for quite some time; I believe that most would agree that its funeral was on 11/10/1999 (the day UPS went public), which was (I believe) was also the date when MIP was also uncoupled from profits; and the amazing surge in the compensation at the C-level (CEO, COO CFO) began.[/FONT][/COLOR] [COLOR=#222222][FONT=Arial] [/FONT][/COLOR] [COLOR=#222222][FONT=Arial]Now as to MIP, there are I believe six elements today that are looked at for MIP in 2011, not just profitability: [/FONT][/COLOR] [COLOR=#222222][FONT=Arial] [/FONT][/COLOR] [FONT=Arial][COLOR=#000000]Balanced volume growth[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Growth in revenue per piece [/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Growth in consolidated revenue[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Growth in consolidated adjusted earnings per share (EPS)[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Positive operating leverage [/COLOR][/FONT] [FONT=Arial][COLOR=#000000]End-to-end service[/COLOR][/FONT] [FONT=Arial][COLOR=#000000] [/COLOR][/FONT] [FONT=Arial][COLOR=#000000]And of course, the goals for each measure are set by the “compensation committee”.[/COLOR][/FONT] [FONT=Arial][COLOR=#000000] [/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Now at the end of the last quarter, I believe that three elements were at or above goal / target; and three elements were below goal / target; or 50% effective.[/COLOR][/FONT] [FONT=Arial][COLOR=#000000] [/COLOR][/FONT] [FONT=Arial][COLOR=#000000] So, if the results trend held (only 50% to plan) ~ you would have a .5 month (for a one unit supervisor) and 1.0 month (for a two unit manager) since you are 50% to plan. To pay anything else implies that the measure is subjective.[/COLOR][/FONT] [/QUOTE]
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