Heard center manager's recieved a 30% reduction in their end of the year bonus this year, while the board of directors gave themselves a 10% raise. My guess they are trying to push out the old managers to be replaced by younger cheaper ones.... Think I'll put my letter in HA!
30% reduction
- Thread starter feeder05
- Start date
Would probably work as well as it did for Circuit City.
FrigidFTSup
Resident Suit
Bonus time hasn't come yet
Johney
Well-Known Member
Would you do it? There's your answer.
Indecisi0n
Well-Known Member
They started doing this right after we lost Amazon.
purehavanne
Well-Known Member
Thats why I find it hilarious the extent to which a sup would go to try to screw a driver on behalf of this company. The reality is UPS does not give a damn about either of us! When will they realize this!?
PT Car Washer
Well-Known Member
We have lots of Amazon.
.......as it shouldn't!!
MIP factor this year is 70%. Which is posted on Upsers.com That Doesn't mean 70 % of there pay either. It 70% of there set Bonus each year which differs depending on Your position. Which if you do a google search you would find out UPS has to disclose that info..
CEO* 165 %
Management Committee* 130 %
Region Manager 90 %
District Manager 85 %
Region Staff Manager 75 %
District Staff Manager 60 %**
Mid Manager 34 %**
Supervisor 17 %**
rod
Retired 22 years
Last edited:
3 done 3 to go
In control of own destiny
35years
Gravy route
Am I understanding this correctly?
So... they are all getting 70% of their bonus which is the set percentage of income you listed above?
For example...A Mid Manager has a set bonus of 34% of his annual salary, of which he will receive 70% this year?
Are you kidding me? District managers get a set bonus of an additional 60% of their income? Of which they will "only" receive 70% this year?
I knew they got big bonuses, but come on. I don't want to ever hear a manager talk about how we drivers are overpaid.
DieHardUPSER
Well-Known Member
Not that simple, first off it is not guaranteed you have to be recommended. Second you only get half and the other half is put into a restricted fund that is paid out to you over 5 years. Third if you leave UPS you lose all of it, also known as the golden handcuffs. Fourth the government takes 40% minimum of your so called bonus. So let's take the center manager making $100,000 a year. First is the 34% so $34,000. Next half is restricted so you are left with $17,000. Next the factor of 70% so you are down to $11,900. And now the government takes 40% so you are left with $7,140.
Only SUP and Mid mangers get option to take 1/2 in cash. People above mid managers can only take 1/3 in cash. the first year everything is put in RPU's.
dudebro
Well-Known Member
You guys are missing the other part of the bonus, where mgmt is given a bonus for holding stock, up to a months salary (or 8 1/3%). E.g., an older business manager who hasn't been through 3 divorces is probably getting 42 1/3% times the MIP factor, sups with enough stock get 25 1/3%.
Then this is divided as described above with the RSUs and the tax rate. You DO get the portion of taxes back between your effective rate, and the 39.6% bonus rate they withhold, at tax time as well.
Then this is divided as described above with the RSUs and the tax rate. You DO get the portion of taxes back between your effective rate, and the 39.6% bonus rate they withhold, at tax time as well.
We have a winner.
