Contract Year - where do you think that money is coming from?
The decision to award you less than you truly deserve is being made by people who are awarded more than they truly deserve. MIP's are like timestudies; they were never intended to be fair, realistic or equitable in the first place.
MIP used to be far more equitable, but I agree that it doesn't look like it's intended to be equitable right now. I'm tired of the inequity. The front line can't impact the MIP elements no matter how hard they work. Meanwhile, upper management is racking up the incentive shares and dividends due to a compensation package designed by a very highly paid former Symantec CEO. It's hard to admit, but I'm starting to come around to Warren Buffet and the Democrat point of view that we should tax them significantly more. It won't get the front line any more money, but at least it will kick some of it into the country's general fund.
Wages for both hourly and management were significantly above average under Casey. Equitable or not, his system made many UPSers millionaires. Where are the millionaires these days?I guess we should go back to the more equitable MIP of the early 60's? Jim Casey's MIP program....
Or, the more equitable approach where you had to take it all in stock and if you sold your future was unsettled?
Ok.Whether you think you can or whether you think you cannot make a difference, you are right.
So you are saying the bargaining unit is getting a bigger slice of the pie? Sweet!
Accurals are being made for 70% or 1.4....
That doesn't surprise me..
What was it they said, the average MIP was a 2.0 (which is what a 100 is based on). Since we enhanced the plan, never saw a 2.0 (or better), even though we have less mgmt and highest profit at UPS.