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<blockquote data-quote="pretzel_man" data-source="post: 277400" data-attributes="member: 927"><p>ScrewedNoMore:</p><p> </p><p>I'm not sure what to say other than what I post is from my heart. I'm certainly not brainwashed and don't think things are perfect. However, I try to think through my position and made decisions from facts....</p><p> </p><p>Lets look at this a little and see where the middle level managers are being screwed (presumably in favor of higher level management).</p><p> </p><p>Raises - Raises for everyone up to at least district managers comes from a raise pool. The calculations are the same for everyone. I don't know what happens beyond district manager, but at least up to that level the average is 3.5%. Same for the rest of us.</p><p> </p><p>MIP - This is the same for everyone. It maxes out at 2 units and while those at a higher level make more, so their dollar amount is higher, its still 2 units times the new factors.</p><p> </p><p>Stock Options - Grade 18 and above get these at greater %'s the higher you go. Since the stock hasn't grown, the value of the options is much, much smaller than it used to be.</p><p> </p><p>LTIP - Grade 20 and above get this at a higher % the higher you go. Its tied to indices that are supposed to be indicators for stock growth. First year it paid well. Second year I hear is much less. </p><p> </p><p>Stock hasn't grown for any of the groups. You could argue that the higher levels that have more stock and stock options are actually impacted greater by the non-growth. I know that its really hurt me...</p><p> </p><p>My point is that the real issue here is the lack to stock growth. If the stock grew at 10% a year, it would be almost double what it is today. Think about that. </p><p> </p><p>There would be less complaining and concerns if the stock would grow. I saw that in my first 7 years in management. People that are in their first 7 management years have not experienced that.</p><p> </p><p>As far as district managers go, there's a whole lot more than 55. There's SCS, Corporate, etc. I think there are about 350.</p><p> </p><p>I wouldn't be discounting the future opportunites for promotion. The question is whether we will see the growth that will provide the rewards of those positions.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 277400, member: 927"] ScrewedNoMore: I'm not sure what to say other than what I post is from my heart. I'm certainly not brainwashed and don't think things are perfect. However, I try to think through my position and made decisions from facts.... Lets look at this a little and see where the middle level managers are being screwed (presumably in favor of higher level management). Raises - Raises for everyone up to at least district managers comes from a raise pool. The calculations are the same for everyone. I don't know what happens beyond district manager, but at least up to that level the average is 3.5%. Same for the rest of us. MIP - This is the same for everyone. It maxes out at 2 units and while those at a higher level make more, so their dollar amount is higher, its still 2 units times the new factors. Stock Options - Grade 18 and above get these at greater %'s the higher you go. Since the stock hasn't grown, the value of the options is much, much smaller than it used to be. LTIP - Grade 20 and above get this at a higher % the higher you go. Its tied to indices that are supposed to be indicators for stock growth. First year it paid well. Second year I hear is much less. Stock hasn't grown for any of the groups. You could argue that the higher levels that have more stock and stock options are actually impacted greater by the non-growth. I know that its really hurt me... My point is that the real issue here is the lack to stock growth. If the stock grew at 10% a year, it would be almost double what it is today. Think about that. There would be less complaining and concerns if the stock would grow. I saw that in my first 7 years in management. People that are in their first 7 management years have not experienced that. As far as district managers go, there's a whole lot more than 55. There's SCS, Corporate, etc. I think there are about 350. I wouldn't be discounting the future opportunites for promotion. The question is whether we will see the growth that will provide the rewards of those positions. P-Man [/QUOTE]
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