Discussion in 'Fedex Freight' started by Thom-8-Toes, Jan 11, 2018 at 2:13 PM.
Can we get a detailed explanation of how these new building's "lead to better profits".
No, that’s common sense...which is why you have to ask.
Please stay on topic, we,re talking about your hat!
I'm sick and tired of being sick and tired!
I figured I would get this answer. You have made another one of your stupid statements that makes no sense. Here is an idea don't say stupid things and you won't get the bs calls from people who know better.
Enhanced compensation, and benefits for the employees?? Did you really say that?
that hat offends me
"Does any one know a forum that doesn't have "Hat" jokes?"
Thanks in advance
This is some interesting news, despite not being applicable to the U.S., yet.
Seems to me, the Canadian market might just be the perfect place to "test" such an enhancement. The obvious goal being to keep veteran drivers on board. An important piece of the "Driver Shortage" puzzle. IMHO.
Whoever is involved with this is paying attention, actually engaged, and (I think) headed in the right direction. We should look forward to this type of enhancement, coming soon...
The Hat is a national symbol of integrity, knowledge, finances, business, marketing, and BS.....All, very important qualities required of Team Patel-Coop employees....
Thanks, BRG. But don't count on any enhancements...
World famous historical hats and the people who wore them.
WINSTON CHURCHILL'S HOMBURG. ...
NAPOLEON'S BICORNE. ...
ABRAHAM LINCOLN'S STOVEPIPE. ...
DAVY CROCKETT'S COONSKIN CAP. ...
THEODORE ROOSEVELT'S PANAMA HAT.
Moving to the next part of the topic. Where should we put these clear and present gains?
Backing up a bit. Again, I think there should to be an expectation of improvements coming soon. The conversation should not involve "if", but "when" (by the end of the year?).The question then becomes where. And when they ask (they will ask), TAKE IT SERIOUSLY, tell 'em what you think. .
There will be decisions made on where to best allocate this newly available funding. This conversation is almost certainly taking place within upper leadership. If not, it definitely should be.
Believe it or not, I can tell you where these gains are likely to go. As mentioned earlier, it WILL likely be a mix. The degree of enhanced funding for each might be a question, but the case for Driver wage/compensation increases is not. Luckily, the Company (in this case) is probably more aware of the VALUE of the workforce, if there is to be any possibility of significant growth. For that reason, we are unlikely to be passed over.
NOW the easy part. How to tell them, when they ask. Simply speak up via assorted ways available. Email, intranet suggestion form, etc are good, but the easiest and most effective (at this time) is the upcoming Employee survey. Don't laugh. They do pay attention to that. Take it seriously.
How much funding is potentially available? We can get into the ballpark numbers, if anyone is curious.
Coming soon, the fun part, showing how the Company will benefit from wage/compensation enhancement. The benefits are many.
You guys are too focused on the here and now in regards to compensation.
If you want more money, work more.
Sign up for weekend work.
No one has said a word about pension enhancements. If you take a long hard look at it, our pension is nothing to get excited about. Don’t think for a second that social security is going to get you through retirement. Congressman Ryan has it next on his to undo list.
ISLE 4 BLUE LIGHT SPECIAL
I think it is "reasonable to expect" that the general "ratio of funding" will remain as it has been. It won't be allocated in any "block grant style" manner. It will be allocated (IMHO) based on the long established priorities. The criteria has not changed (much) based on lower tax burden. No, the long term plans, priorities, etc, will remain mostly unchanged.
If we look at what they've done in the past, we can expect/predict with pretty good certainty. Looking at (freight) FY 2017, for example, salaries and employee benefits stood at 47.5% of revenue. FedEx numbers, as a percentage, do NOT swing wildly, year over year. They move in a fairly smooth and consistent manner. I expect that to continue, with only incremental changes to each portion of the budget.
If that holds true, 47.5% (+/-) of the gain from improved tax policy SHOULD be expected to impact salaries and benefits. Again ballpark figures. I don't have access to all of the data, or the time to devote to it. THE CONCEPT is what is important. IMHO
Pension is a fair topic, but what about retiree healthcare? Not sure about you, but many might benefit more from that than an improved pension contribution, considering number of years left to participate.
Would you really rather improved funding go into pension rather than (as The Point suggested) an improved 401-k match? Real question. I'm curious.
I think we've already seen, in those certain past years, what the minimum looks like. I don't think we've ever seen what the MAXIMUM looks like.
The Maximum could SHOCK and disrupt the industry, in FedEx's favor. More on that later.
Had quite the conversation at an extended family dinner one time about this subject. I was grumbling about how pathetic our “new and improved “ PPA pension was compared to our former defined benefit pension was.
My sister-in-law was commenting on how great her PPA was. So I asked her what her company’s contribution rate was. She said 15%, no age and service steps, just a flat 15%. When I told her mine maxed at 7% and I had just maxed out after 20 years she had nothing to say. For our 401k to approach this, you would have to max out your full $18000 and have an 80% or better match on all contributions.
You really think either will happen?
I like the way you think, but I would bet my house the maximum will never happen. Lol
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