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WOW!! A Fully-Funded Pension
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<blockquote data-quote="vantexan" data-source="post: 736841" data-attributes="member: 24302"><p>They don't. Scoring system on reviews rates things from 1 to 7, with an overall average of 7 being the highest you can get. A high score of 7 will get you a 6% raise, drops off from there in .1 increments. A 6.5 review gets you 5%. What they don't tell you is that for some odd reason topped out couriers(who get a max 3% raise if they get an overall 5 or greater on review) will often get those higher review scores like 6.7 or greater. Why not, it doesn't affect the 3% they get, the company gets to give them positive strokes. For some odd reason, go figure, mid-range employees, who can get up to a 6% raise, usually get much lower scores than topped out couriers. I've known great employees who worked hard, posted great numbers and yet only got like a 5.7 review. 2 year employees. Have seen new employees work very hard and get smaller raises than the topped out couriers who got 3% on their much higher pay. So after a year of hard work they are even further behind topout than when they started. And yet we are being told get that 7 review and you'll topout in 10 years. Totally rigged. And as to your question of whether the company can easily replace those mgrs? No, they can't. And I have no problem with them making more than me. Someone has to be in charge, make decisions, and it's not easy being between various groups above and below who all make demands on you. But if a mgr is going to come on here and tell us to get over not having the traditional pension, shouldn't count on them anyways, I'm going to say fine, do without bonuses, you make enough already, shouldn't count on them anyways. If we are going to be told that they should get high pay and bonuses or the company will lose talent to other companies, I'm going to point out that if the company makes demands on their employees that most companies don't, that if the young guys see there's no real future here in exchange for the hard work, they'll leave too. FedEx has become a place to mark time until something better can be found. Please don't ask why do I stay. I was staying inspite of the lousy pay for the traditional pension. When it went away the economy was starting to tank and I was 46. Not many options.</p></blockquote><p></p>
[QUOTE="vantexan, post: 736841, member: 24302"] They don't. Scoring system on reviews rates things from 1 to 7, with an overall average of 7 being the highest you can get. A high score of 7 will get you a 6% raise, drops off from there in .1 increments. A 6.5 review gets you 5%. What they don't tell you is that for some odd reason topped out couriers(who get a max 3% raise if they get an overall 5 or greater on review) will often get those higher review scores like 6.7 or greater. Why not, it doesn't affect the 3% they get, the company gets to give them positive strokes. For some odd reason, go figure, mid-range employees, who can get up to a 6% raise, usually get much lower scores than topped out couriers. I've known great employees who worked hard, posted great numbers and yet only got like a 5.7 review. 2 year employees. Have seen new employees work very hard and get smaller raises than the topped out couriers who got 3% on their much higher pay. So after a year of hard work they are even further behind topout than when they started. And yet we are being told get that 7 review and you'll topout in 10 years. Totally rigged. And as to your question of whether the company can easily replace those mgrs? No, they can't. And I have no problem with them making more than me. Someone has to be in charge, make decisions, and it's not easy being between various groups above and below who all make demands on you. But if a mgr is going to come on here and tell us to get over not having the traditional pension, shouldn't count on them anyways, I'm going to say fine, do without bonuses, you make enough already, shouldn't count on them anyways. If we are going to be told that they should get high pay and bonuses or the company will lose talent to other companies, I'm going to point out that if the company makes demands on their employees that most companies don't, that if the young guys see there's no real future here in exchange for the hard work, they'll leave too. FedEx has become a place to mark time until something better can be found. Please don't ask why do I stay. I was staying inspite of the lousy pay for the traditional pension. When it went away the economy was starting to tank and I was 46. Not many options. [/QUOTE]
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