The company told the midrange years ago that they would be getting raises yearly according to the then new step progression program. They did not do it. It would be a logical conclusion that during record profits and this difficult time that the company would at least give them half of what was promised. I know the company did not promise a 3 step increase. But the expectation and hopes of the employees for one was a righteous one.
The company never promised the 10 step plan was annual. It was definitely marketed that way and the company continues to tell new hires 10 YEARS... The plan was also built to FIX the massive progression problem. Having 10 steps that take 20 years to get doesn’t change a thing. So it was absolutely supposed to be 10 years. Problem with this new 5 step plan is they won’t stick to this either. These 5 steps will still take forever. Looks a lot better on paper though and massively raised starting pay. Which is all they really care about. This new plan isn’t exactly fair either. Step 4 & 5 are both going to the new step 3. That’s a $2.69 raise for the step 5 guy, and a $4.00 raise for the step 4 guy.
And his dad.
I think it’s this. FedEx really wants all those old, expensive topped out guys to leave sooner rather then later, to be replaced with younger and much less expensive employees. I don’t think they could be sending the message any clearer, if there is indeed no raise for topped out folks.
The topped out old people aren’t going anywhere. They’re locked in with 5 weeks vacation and not being at the bottom of a new job at age 50 plus. It’s the middle people and new hires they need to worry about
I blame bloated pensions given to arrogant former couriers. Now 1 courier does the same area as 3 former slackers
I wouldn't know about pensions. I haven't started drawing mine yet.
FDX really is jumping on board withe NCAA rule letting athletes get paid while in college. Saw on Sports Center that Memphis just got the #1 basketball player in the country and 1 reason listed was that FDX was gonna be heavily involved with paying the athletes
And adopting the methods that new-hires use to negatively affect productivity is only reasonable, since the Company has most convincingly communicated your worth.
You haven't started drawing your defined benefit yet?
His imagination.
401k check each 5th. Letting my 2 pensions grow for a few years before I begin drawing them. Traditional is growing by 10% a year, Portable by 4%. Great guaranteed return.
