Wal-Mart the ugly...handing out raises FDX next?

[Serf]

i didnt even know fedex had a pension, is that only for management

You have a Portable Pension Plan. If you have less than 10 years with Express. A traditional pension if you're an old timer. Give or take.

 

[Serf]

1) Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance-based incentive plans for salaried personnel.

Wait, sooooo.....step increase this April not October?

 

[Operational needs]

You have a Portable Pension Plan. If you have less than 10 years with Express. A traditional pension if you're an old timer. Give or take.

He works for UPS. We old timers have traditional AND portable.

 

[Jkloc420]

You have a Portable Pension Plan. If you have less than 10 years with Express. A traditional pension if you're an old timer. Give or take.

will at least there is something thats good

 

[vantexan]

1000 bucks is a 1000 bucks

True, but I bet most employees would prefer the one time payment. If you were familiar with the more than a decade of tiny raises or no raise you'd know what I mean by FedEx mentality.

 

[Serf]

will at least there is something thats good

It's most certainly "good." But far from great.

 

[Jkloc420]

True, but I bet most employees would prefer the one time payment. If you were familiar with the more than a decade of tiny raises or no raise you'd know what I mean by FedEx mentality.

no i get it, but you take it when you can

 

[BootsOnTarmac]

A raise applied into the life of your employment is much more than a $1000 lump sum taken in a given year.

 

[vantexan]

no i get it, but you take it when you can

Put it this way. I quit at just shy of 15 years making $18.17 hr in 2013 while you had been making over $30hr for years. We had to work next to topped out employees making much more than us for many years and we weren't catching up to them. Much better pay system now, but FedEx went into it kicking and screaming. That's their mentality, only pay enough to keep you at it. It was a super high turnover rate that finally got them to pay better and it's still nowhere near your pay and takes almost twice as long as you do to reach top pay.

 

[vantexan]

A raise applied into the life of your employment is much more than a $1000 lump sum taken in a given year.

They already have an annual raise system in place. Moving it up 6 months this year gives you an extra 6 months over what they would've got in October anyways.

 

[Jkloc420]

Put it this way. I quit at just shy of 15 years making $18.17 hr in 2013 while you had been making over $30hr for years. We had to work next to topped out employees making much more than us for many years and we weren't catching up to them. Much better pay system now, but FedEx went into it kicking and screaming. That's their mentality, only pay enough to keep you at it. It was a super high turnover rate that finally got them to pay better and it's still nowhere near your pay and takes almost twice as long as you do to reach top pay.

im not a driver but yea i get it

 

[Gone fishin]

I wonder if we’ll get the April step and still get the October this year. That be nice

 

[Serf]

I wonder if we’ll get the April step and still get the October this year. That be nice

Whoa, whoa. Wishful thinking

 

[Operational needs]

I wonder if we’ll get the April step and still get the October this year. That be nice

I highly doubt that.

 

[DriveInDriveOut]

A raise applied into the life of your employment is much more than a $1000 lump sum taken in a given year.

It's only a raise for 6 months. Basically a bonus but not in a lump sum.

 

[BootsOnTarmac]

It's only a raise for 6 months. Basically a bonus but not in a lump sum.

Actually the raise lasts until you quit. It does not end after 6 months.

 

[DriveInDriveOut]

Actually the raise lasts until you quit. It does not end after 6 months.

This is why they did it this way, fools a lot of people and sounds better for publicity.

It's the raise they were already going to give you, just 6 months earlier. That's a bonus spread out over 6 months.

 

[Operational needs]

This is why they did it this way, fools a lot of people and sounds better for publicity.

It's the raise they were already going to give you, just 6 months earlier. That's a bonus spread out over 6 months.

FedEx has that publicity thing thing down to a science.

 

[BootsOnTarmac]

I suggest everyone read: Foundations and Applications of the Time Value of Money.

 

[Oldfart]

Just as I predicted. They give you 3% or so raise 6 months early and people still complain and find fault.


They tax a bonus higher than a raise. I will take an early raise anytime. Too bad people on here will never be happy.