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Redesigned mip
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<blockquote data-quote="mipexample" data-source="post: 51911"><p>MIP stands for money I might not get at all. </p><p> </p><p>The bigger question for management employees is; will I get MIP at all? </p><p> </p><p> </p><p>Under the previous plan MIP as awarded based on the profit of the company. Many people would equate profit as the overall successs of a company, therefore hard work, effort, dedication, and all the input of management contributed to the overall success of the company. Management was compensated based on the overall success (profit) of the company. </p><p> </p><p>Now comes the new plan. Not only must one decide weather UPS is a good investment for their MIP; they must consider that they may not even get MIP. No matter how successful (profitable) UPS is there is no guarantee management will get MIP. </p><p> </p><p>The guidelines are now set up based upon elements that can be manipulated to determine MIP awards, regardless of how successful (profitable) UPS is. </p><p> </p><p>UPS is currently not making the elements that will be used to determine MIP awards. This means management will not receive the targeted MIP factor of 2.0. </p><p> </p><p>Will the award be 1.0? Will it be .5? Will it be 0? </p><p> </p><p>Does it matter if UPS stock is a good investment choice for MIP if you dont receive any? </p><p> </p><p>How hard will management work to further the overall success (profit) of UPS when the incentive is subject to variable elements that can be changed and manipulated by UPS? </p><p> </p><p>What is the incentive to work harder? Work harder and you might be compensated for it over the next 5 years? </p><p> </p><p>Work hard now, well pay you later, maybe, maybe not? </p><p> </p><p>I cant control the MIP award. </p><p> </p><p>I can control my efforts. </p><p> </p><p>I can control my dedication. </p><p> </p><p>I can control (to some extent) the number of hours I work. </p><p> </p><p>I can control weather I come to work when I am ill. </p><p> </p><p>I can control how I invest the money I already have. </p><p> </p><p>I can control weather I put all of my efforts and resources into UPS or weather I choose to begin putting my efforts and resource into other investments such as my family, real estate investments, other stocks, time off, entertainment and all of the other things management people at UPS have sacrificed or avoided to be a UPS partner and contribute to the overall success of UPS. </p><p> </p><p>Partnership is a two-way deal. I invest (time, effort, sacrifice, stock dollars) in UPS and UPS rewards me (pay, benefits, MIP). </p><p> </p><p>When UPS takes away part of the reward it only makes good sense to take away part of my investment. </p><p> </p><p>When the rest of management realizes the reward has been taken away will UPS continue to be successful?</p></blockquote><p></p>
[QUOTE="mipexample, post: 51911"] MIP stands for money I might not get at all. The bigger question for management employees is; will I get MIP at all? Under the previous plan MIP as awarded based on the profit of the company. Many people would equate profit as the overall successs of a company, therefore hard work, effort, dedication, and all the input of management contributed to the overall success of the company. Management was compensated based on the overall success (profit) of the company. Now comes the new plan. Not only must one decide weather UPS is a good investment for their MIP; they must consider that they may not even get MIP. No matter how successful (profitable) UPS is there is no guarantee management will get MIP. The guidelines are now set up based upon elements that can be manipulated to determine MIP awards, regardless of how successful (profitable) UPS is. UPS is currently not making the elements that will be used to determine MIP awards. This means management will not receive the targeted MIP factor of 2.0. Will the award be 1.0? Will it be .5? Will it be 0? Does it matter if UPS stock is a good investment choice for MIP if you dont receive any? How hard will management work to further the overall success (profit) of UPS when the incentive is subject to variable elements that can be changed and manipulated by UPS? What is the incentive to work harder? Work harder and you might be compensated for it over the next 5 years? Work hard now, well pay you later, maybe, maybe not? I cant control the MIP award. I can control my efforts. I can control my dedication. I can control (to some extent) the number of hours I work. I can control weather I come to work when I am ill. I can control how I invest the money I already have. I can control weather I put all of my efforts and resources into UPS or weather I choose to begin putting my efforts and resource into other investments such as my family, real estate investments, other stocks, time off, entertainment and all of the other things management people at UPS have sacrificed or avoided to be a UPS partner and contribute to the overall success of UPS. Partnership is a two-way deal. I invest (time, effort, sacrifice, stock dollars) in UPS and UPS rewards me (pay, benefits, MIP). When UPS takes away part of the reward it only makes good sense to take away part of my investment. When the rest of management realizes the reward has been taken away will UPS continue to be successful? [/QUOTE]
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