see when I started in this area (east new england district) they had compensation for the initiation fee as long as you showed up everyday. If you showed up everyday on time you got a $30.18 bonus to cover the fee and give a little something extra. Not surprisingly I've learned that is no longer offered.
I've worked 23-27 hours a week depending on lots of things really, but take home 200-250 a week. We are really hurting for help so they have me come in and start pulls (I'm a preloader) for now so I'm getting extra money there and will be starting to double shift in the near future. There is money at UPS, you just have to find it (before it suffers another cutback lol).
UPS is not for everyone, there is stress (management and hourly alike), its very physical (for most) and well theres a lot of BS policies they try to enforce now and then (no stacking for instance..anyone who's preloaded knows you have to sometimes) which can be frustrating. As you mentioned the pay also sucks (for PTimers at least, unless you've been here many years), I'm using them for school money and the benefits. The pay check money doesn't really help much but its something. You also have opportunities such as getting some management experience (PT Supes) should you choose to do so. Its not easy and its much more frustrating at times, but does look very good on a resume. It also pays better however, your raises are less than stellar, but then again its a big raise over making 8.50 an hour.
I like UPS for the most part, I am in the pool for management and sign every bid sheet that comes up for FT work, I would have gone driving this year if I wasn't in school (name came up on the list) so there are opportunities here and thats what they hope you see...not the pitiful PT starting wage. Many feel they rely too much on the mentioned opportunities and their benefits to help with retention. From what I can see at my hub, those things don't mean much when you're busting your butt for 130-150 a week (for a newhire).
Some hang in there, many don't. I'm not trying to be a jerk its just I've seen them come and go, some in as little as 20 min (not kidding). Show up on time, work to the best of your ability and let the BS roll down and you'll do just fine.