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<blockquote data-quote="pretzel_man" data-source="post: 475496" data-attributes="member: 927"><p>Yes, LTIP exists. It was not eliminated with the current cuts.</p><p> </p><p>Because LTIP, MIP, and LTI are all performance based programs and tied to business elements, the management committee did not eliminate them.</p><p> </p><p>Your information about grade 20's in comparison to other companies is not accurate. UPS has about 400,000 people. I estimate that there are less than 1000 grade 20's and above. That would equal less than 1/4 of 1% of UPS employees.</p><p> </p><p>How much do you think employees in other companies at a grade higher than 99.75% of the of all employees would make? </p><p> </p><p>I know first hand, and its higher than a UPS grade 20. This is why HR recommended adding LTIP to the compensation package for those people.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 475496, member: 927"] Yes, LTIP exists. It was not eliminated with the current cuts. Because LTIP, MIP, and LTI are all performance based programs and tied to business elements, the management committee did not eliminate them. Your information about grade 20's in comparison to other companies is not accurate. UPS has about 400,000 people. I estimate that there are less than 1000 grade 20's and above. That would equal less than 1/4 of 1% of UPS employees. How much do you think employees in other companies at a grade higher than 99.75% of the of all employees would make? I know first hand, and its higher than a UPS grade 20. This is why HR recommended adding LTIP to the compensation package for those people. [/QUOTE]
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