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UPS Partners
Mip Factor Announced
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<blockquote data-quote="Just My Opinion" data-source="post: 130709"><p>My guess is that most staff level managers are trying to get a better understanding on the reasons from their management. They'll have to answer all your questions and the fact it, they can't. In my meeting when we were told, three people asked the question, "how were the elements are weighted" and all three times, the question was danced around and never directly answered. Reason being, there probably is no official textbook answer that they want employees to know. I don't think they would feel comfortable saying, "It's weighted to appeal directly to what Wall Street wants" but that's most likely the real reason.</p><p>Yeah, you can point out the losses that SCS took and the fact that we didn't meet all the "elements" but the fact remains, UPS had record earnings. Last year, UPS distributed over $900 million in MIP, this year it's close to $700 million. That "extra" $200+ million goes right back to the bottom line and shows Wall Street that UPS is committed to its stock holders (not employees anymore).</p><p>I agree that going public was a bad idea. Where I work, most of the people that were in upper management at the time UPS went public have since left as multi millionaires thanks to the stock split. Those days are long gone! Now those with all the stock just want to maintain the value and not take risks. UPS goes back into it's slumber and those at the bottom of the management chain working 60+ hours a week, look at hourly employees with envy because they get overtime and probably make more money (thanks to these wonderful changes).</p></blockquote><p></p>
[QUOTE="Just My Opinion, post: 130709"] My guess is that most staff level managers are trying to get a better understanding on the reasons from their management. They'll have to answer all your questions and the fact it, they can't. In my meeting when we were told, three people asked the question, "how were the elements are weighted" and all three times, the question was danced around and never directly answered. Reason being, there probably is no official textbook answer that they want employees to know. I don't think they would feel comfortable saying, "It's weighted to appeal directly to what Wall Street wants" but that's most likely the real reason. Yeah, you can point out the losses that SCS took and the fact that we didn't meet all the "elements" but the fact remains, UPS had record earnings. Last year, UPS distributed over $900 million in MIP, this year it's close to $700 million. That "extra" $200+ million goes right back to the bottom line and shows Wall Street that UPS is committed to its stock holders (not employees anymore). I agree that going public was a bad idea. Where I work, most of the people that were in upper management at the time UPS went public have since left as multi millionaires thanks to the stock split. Those days are long gone! Now those with all the stock just want to maintain the value and not take risks. UPS goes back into it's slumber and those at the bottom of the management chain working 60+ hours a week, look at hourly employees with envy because they get overtime and probably make more money (thanks to these wonderful changes). [/QUOTE]
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