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Brown Cafe UPS Forum
UPS Partners
Buyout in 2013
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<blockquote data-quote="pretzel_man" data-source="post: 1074058" data-attributes="member: 927"><p>The merit pool is the money available for raises.</p><p></p><p>Some years its 2.75%. Some 3%. There is a new formula that sucks, but its still about the same %. </p><p></p><p>The Merit pool is the same for ALL management.</p><p></p><p>The compensation committee of the board decided long ago that the top management was underpaid compared to the marketplace. I guess objectively, that is true. UPS has had many executives retire and take jobs at much higher pay.</p><p></p><p>When stock grew leaps and bounds, those executive got very rich, not on compensation but on the growth of stock. Without that, I guess the committee decided this is the best way to go....</p><p></p><p>Even in the old days, yearly raises did not make up the true compensation growth. It was through internal opportunities. There we have a double whammy. That is that the over 55's are not leaving. So their positions are not available for promotions...</p><p></p><p>As Hoax said, the increases for the rank and file are NOT tied to growth. But opportunity is. If we grow, RSU's grow. More promotional positions become available. </p><p></p><p>The biggest differences between UPS today and UPS before is Growth and Competition.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 1074058, member: 927"] The merit pool is the money available for raises. Some years its 2.75%. Some 3%. There is a new formula that sucks, but its still about the same %. The Merit pool is the same for ALL management. The compensation committee of the board decided long ago that the top management was underpaid compared to the marketplace. I guess objectively, that is true. UPS has had many executives retire and take jobs at much higher pay. When stock grew leaps and bounds, those executive got very rich, not on compensation but on the growth of stock. Without that, I guess the committee decided this is the best way to go.... Even in the old days, yearly raises did not make up the true compensation growth. It was through internal opportunities. There we have a double whammy. That is that the over 55's are not leaving. So their positions are not available for promotions... As Hoax said, the increases for the rank and file are NOT tied to growth. But opportunity is. If we grow, RSU's grow. More promotional positions become available. The biggest differences between UPS today and UPS before is Growth and Competition. [/QUOTE]
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