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Hourly Pay/Benefits - Differences Between Fedex Express and UPS
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<blockquote data-quote="vantexan" data-source="post: 1540913" data-attributes="member: 24302"><p>It's apples and oranges. It's not a matter of poor management techniques, it's strictly about transporting by air vs transporting by truck. Look at how quickly the profit has grown as FedEx Ground has grown. To make Express more profitable they've had to resort to austerity measures as well as hiring people who are thankful for $16hr as Express fixed costs i.e. aircraft, etc remain the same or go up. Not defending them because it's obvious it's all about pleasing Wall Street to cash in on stock options. They could do better by us but increasing profit leads to bigger dividends which drives the stock price higher. If anything they are managing Express as well as possible and Wall Street is rewarding them for it. We, the people they claim to care so much about, only matter in that we do our job as productively as possible for as little pay as they can pay us and still keep us clocking in every day. Go to Craigslist and look at all the $9hr jobs. I don't like that my pay won't increase to a level in a reasonable amount of time that'll provide some of the things I want in life. But I'd like it even less if I were spending every waking hr working two or three jobs just to stay afloat. Would be nice though when FedEx gets a windfall from lower fuel prices that they could pass some of it on in a profit sharing check. Would really help those of us at $16hr with the bills.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1540913, member: 24302"] It's apples and oranges. It's not a matter of poor management techniques, it's strictly about transporting by air vs transporting by truck. Look at how quickly the profit has grown as FedEx Ground has grown. To make Express more profitable they've had to resort to austerity measures as well as hiring people who are thankful for $16hr as Express fixed costs i.e. aircraft, etc remain the same or go up. Not defending them because it's obvious it's all about pleasing Wall Street to cash in on stock options. They could do better by us but increasing profit leads to bigger dividends which drives the stock price higher. If anything they are managing Express as well as possible and Wall Street is rewarding them for it. We, the people they claim to care so much about, only matter in that we do our job as productively as possible for as little pay as they can pay us and still keep us clocking in every day. Go to Craigslist and look at all the $9hr jobs. I don't like that my pay won't increase to a level in a reasonable amount of time that'll provide some of the things I want in life. But I'd like it even less if I were spending every waking hr working two or three jobs just to stay afloat. Would be nice though when FedEx gets a windfall from lower fuel prices that they could pass some of it on in a profit sharing check. Would really help those of us at $16hr with the bills. [/QUOTE]
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