Express Pay Increase?

[yadig]

Gullible?

 

[Fedexcellent]

It's true. Top out gets a 1 time payout in lieu of a raise in October.

 

[Fred's Myth]

No word at our station. The management basically said T.O.P. employees already make too much money now.

Then we have something in common with management!

 

[Fedexcellent]

It won't be based off your gross pay for the previous year. Instead it will be based off of full-time or part-time status using 2080 hours or 1040 hours for the year multiplied by your base rate of pay

 

[MassWineGuy]

 

[fdxsux]

It won't be based off your gross pay for the previous year. Instead it will be based off of full-time or part-time status using 2080 hours or 1040 hours for the year multiplied by your base rate of pay

Damn this company is cheap!

 

[MassWineGuy]

Step raises will largely be higher percentage increases.

 

[NC man]

It won't be based off your gross pay for the previous year. Instead it will be based off of full-time or part-time status using 2080 hours or 1040 hours for the year multiplied by your base rate of pay

So probably 1200 and taxes eat up 600

 

[falcon back]

So probably 1200 and taxes eat up 600

You in a 50% tax bracket?

 

[MAKAVELI]

You in a 50% tax bracket?

That's pretty much the standard rate of withholding for ot/bonuses on the same check as regular hours worked.

 

[thedownhillEXPRESS]

That's pretty much the standard rate of withholding for ot/bonuses on the same check as regular hours worked.

You do understand that even if it did withhold 50%(I can’t fathom how) that you pay taxes off of yearly income not weekly?

 

[Buhryein]

You do understand that even if it did withhold 50%(I can’t fathom how) that you pay taxes off of yearly income not weekly?

Taxes are calculated week to week however when you pay more by the end of the year compared to your yearly income tax bracket that's when u get a tax refund.

 

[falcon back]

That's pretty much the standard rate of withholding for ot/bonuses on the same check as regular hours worked.

Supplemental income is taxed at 22%. Not 50%

 

[thedownhillEXPRESS]

Taxes are calculated week to week however when you pay more by the end of the year compared to your yearly income tax bracket that's when u get a tax refund.

Exactly. Hence why saying “taxes eat up” half of that is wrong.

 

[thedownhillEXPRESS]

Don’t get me wrong I think this is a kick in the nuts for us by FedEx after working like we have the past 18 months and the company raking in record profits. Our station has had an exodus and this is helping push more out with disgust for FedEx.

 

[zeev]

FedEx Express is being dismantled we are so short handed already Freddy is taking cash bonuses out, if he believed in the business he would acquire more stock like Bezos and Musk.

 

[falcon back]

FedEx Express is being dismantled we are so short handed already Freddy is taking cash bonuses out, if he believed in the business he would acquire more stock like Bezos and Musk.

Stock options are where he gets most of his stock. If you will look at company documents, executives sell stock quite often for various reasons. I am sure he appreciates your opinion on how he should handle his personal finances.

 

[Working4the1%]

Stock options are where he gets most of his stock. If you will look at company documents, executives sell stock quite often for various reasons. I am sure he appreciates your opinion on how he should handle his personal finances.

Advice from a courier CEO who gave all employees $70k salary says staff saved company by taking voluntary pay cut | JOE.co.uk

 

[falcon back]

Advice from a courier CEO who gave all employees $70k salary says staff saved company by taking voluntary pay cut | JOE.co.uk

Fred took a 91% paycut. He made about what a Sr. Manager would make.

 

[zeev]

Fred took a 91% paycut. He made about what a Sr. Manager would make.

Two large bonuses he can make handler pay.