No Raise this Year?

[bacha29]

This is where our raises are going.
BRIEF-Fedex CEO Frederick Smith's FY 2016 total compensation $16.8 million | Reuters[/QUOTE Does that include stock options both awarded and exercised as well as the income from his holding company where much of his stock is held?

 

[MAKAVELI]

Doubt it. The number would be much, much higher if it did.

 

[Gone fishin]

This raise will be real good or real bad,since their waiting so long to tell us.

 

[Route 66]

This raise will be real good or real bad,since their waiting so long to tell us.

I'm going to go waaay out on a limb and predict the latter.

 

[dezguy]

I'm going to go waaay out on a limb and predict the latter.

Yup. Usually, we hear in June, up here. Haven't heard a peep. My guess is no raise.

 

[Operational needs]

Yup. Usually, we hear in June, up here. Haven't heard a peep. My guess is no raise.

It kind of would be hilarious for them to make such a big deal about the 10-step thing and then....no raise. Lol.

 

[Cactus]

It kind of would be hilarious for them to make such a big deal about the 10-step thing and then....no raise. Lol.

Hilarious as in we'll all walk real funny for a week after that kind of news is delivered.

 

[Operational needs]

Hilarious as in we'll all walk real funny for a week after that kind of news is delivered.

Not me. I believe nothing about raises or bonuses from FedEx until it shows up on my check. And until then, it might as well be a unicorn as far as I'm concerned.

 

[Serf]

Guys. It's 6% heard it from the snakes mouth.

 

[slowdriver]

Guys. It's 6% heard it from the snakes mouth.

Same as last year then? When does the step pay scale take effect? Nice profile pic btw, that guy was prophetic..

 

[Serf]

Same as last year then? When does the step pay scale take effect? Nice profile pic btw, that guy was prophetic..

For all mid range employees in job codes 7 and higher 6%. 3% to those on the bottom and top of the pay scale. October it takes place. But expect medical to be tweeked again and some sort of increase, not like last year. Thanks. In my opinion Perot does not get enough credit.

 

[bacha29]

For all mid range employees in job codes 7 and higher 6%. 3% to those on the bottom and top of the pay scale. October it takes place. But expect medical to be tweeked again and some sort of increase, not like last year. Thanks. In my opinion Perot does not get enough credit.

Remember The Perot campaign was a generation ago. It was a different world in the days preceding 9-11, and the world of E-Commerce. Even he could have not predicted it. Furthermore, NAFTA has been good for X given all the cheap, off shore consumer goods it hauls.

 

[slowdriver]

Remember The Perot campaign was a generation ago. It was a different world in the days preceding 9-11, and the world of E-Commerce. Even he could have not predicted it. Furthermore, NAFTA has been good for X given all the cheap, off shore consumer goods it hauls.

Oh great, maybe I shouldn't have said anything...

 

[BootsOnTarmac]

Not me. I believe nothing about raises or bonuses from FedEx until it shows up on my check. And until then, it might as well be a unicorn as far as I'm concerned.

I agree. Remember when raises were earlier in the year? Remember the payouts? Now it seems they dangle the carrot to get you to stay on and committed to Peak weeks.

For all mid range employees in job codes 7 and higher 6%. 3% to those on the bottom and top of the pay scale. October it takes place. But expect medical to be tweeked again and some sort of increase, not like last year. Thanks. In my opinion Perot does not get enough credit.

Too bad for the employees under 7 pay scale, handlers, material handlers, etc. 3% will never cover COL or insurance increases. 6% is also an economic joke. Under 10 years?, the step increases are another carrot that has yet to be explained / determined. Many will say "I need this job" and continue on, myself included. FedEx knows this and will continue to take advantage. Thankfully I don't have all my eggs in the FEDEX basket. Many do and they are strung along with promises that never really pan out. Time is money.

 

[optikz]

Same as last year then? When does the step pay scale take effect? Nice profile pic btw, that guy was prophetic..

I was told 6% was what was said as well. he also said the step system was in effect this year. so I'm assuming you would move up 6%, and then a little more depending on what step you're at.

 

[whatwhat]

Can anyone take a picture of a document supporting what you are being told about the raises?

 

[fedex_rtd]

6% and 3% is the same as last year.

 

[SmithBarney]

6% and 3% is the same as last year.

6% was only for those in the top 1/4 quartile(or whatever term they use) 3% for everyone else.

This year you are going to hear the following:
"Litigation with the Governments Pharmaceutical lawsuit, was costly, and raises this year will not follow previously mentioned raise plans."
"The TNT Aquisition expended more resources than we planned on, but because of this merger it means next year we will be able to give you more"
Fast forward 2017: "The TNT business transition, integration and re-branding has been difficult, we we expect 2018 to be a banner year"

 

[Jayhawk]

Pretty sure it was 6% for everybody except top of range and employees with less than a year of service.

 

[McFeely]

Pretty sure it was 6% for everybody except top of range and employees with less than a year of service.

I got 6% last year and I'm pretty new (<5 years).