It must be that Bostonian accent !My sarcasm, not yours. I missed when replying "really?"
It must be that Bostonian accent !My sarcasm, not yours. I missed when replying "really?"
I hope you realize it isn't just management that is getting spanked.I have 29 years with UPS (25 in management). Remember that 4.1% raise you got to compensate you for the 1/2 month that went away? That will prevent many people like myself who are in the upper section of my payband from getting raises in the next few years. I'm sure someone in the compensation commitee who thought to do this is so proud of the millions they will save UPS. People...we are making record profits now. I feel this great company that I have worked very hard for has slapped me in the face. I don't know how I could possibly get more motivated. We are becoming any company USA. Put that in your class action file.
January 2013 look for all business units (Brown, Freight, SCS, etc) to go under one incentive plan. Rumor I'm getting is all units will falll under the SCS model....Managers - 1 unit, supervisors - 1/2 unit. The half of RSU's you get in cash will roll into your salary (one time deal - just like the old "half month) then new plan takes affect.
If this is true, I predict in 2014 the rest will go into your salary.....this way UPS issues no more MIP (looks good to Wall Street) and if it pushes a lot of people over the new salary band max, this would mean salaries could be "frozen" for a lot of people if the bands are not immediately expanded (no matter how hard you work)....sounds like a "winner" for UPS...again just a rumor I hear kicked around
50% of the management team in my department was negatively impacted by this new pay band. The attempt to bring pay into line with the market does not apply to upper management. The CEO of FedEx made $7.3 million dollars in 2011, which was a decrease from 2010. Our CEO got a 22% pay increase. Thank goodness I had not voted my shares yet before I was told I made too much money. I have been with UPS for 28 years and have been told there is a good chance I won't get a raise next year. I remememebr the days when we were all called partners. I really miss those days. This has in essence taken away my 1/2 month bonus since I will not get a raise based on the fact I am overpaid. I rated over 110% on my QPR and was rated a strong perfomer. I am responsible for an AM and PM operation. If I'm not at work I am basicly on call.
I guess Scotty was not put on a salary band .., 30% raise was a lot more than my %. Oh well, I guess I'll add another until I retire to compensate.
Add another what?
I'm confused. Scotty is sitting on 5 beautiful big bills in the bank. Package drivers are going out with 30% more work than they did 5 years ago. WE get a 3% or so raise a year from a contract that was mutually agreed upon by both parties. How can you blame the teamsters because Scott is a tightwad and doesn't share the profits with management as his predecessors in the past did? Did the contract with the Teamsters have some hidden clause in there that negates any further management raises in loo of teamsters raises?The new salary bands have rocked my faith in UPS to the core. I'm 25+ year man being told I'm not going to get any raises for the next X years. I know how corporate America works but I never thought in a million years UPS would sell management out for the sake of the Teamster. (They still get raises and will in the future) Next year is a contract year and I could care less if UPS goes on strike to the point that they have to sell off every asset in the company. I can't emphasize how betrayed I feel by UPS. After this last generation leaves of 45 and up, UPS will have every thing they want from management, that is, if they want medicore results. I think they will have to start tracking management turnover for the 30 and under set. Let's see, 1/2 month gone, raises gone (for many) ...I guess the MIP is next. UPS treats their management with no respect and has no loyalty to any management person regardless of years. That begs the question, why should any management person have loyalty to UPS. Treat it like any other 9-5er, and I have a lawyer on hand if they unjustly try to fire you.
half true. PAS was meant to deskill the preloader job. to apply the PAS label is a step that didn't exist previously, one in which belt speeds had to be slowed down in most places. so you could argue that PAS was a production killer. but again, it was implemented so that if a work stoppage were ever to occur again (which seems more and more unlikely), the knowledge it took to do the job wasn't requisite on being an experienced employee.The big misconception was that all the technology like PAS, Telamatics etc was designed solely for the purpose of hourly production.
I did vote my shares and I suggest everyone else do the same. I looked up all of the members of the Compensation Committee, and I voted NO for each and every one of them.
like a tear falling into an ocean...the result was then compared to a fly hitting a windshield...
like a tear falling into an ocean
i have seen things you would not believeOr, one might even quote Blade Runner: like tears in the rain.