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UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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UPS also has a market cap of 156B$ vs Fedex's 66B$. Both average around 90B$ in revenue. Fedex drivers maker an average of 52k$ a year. Fedex doesn't have any unions.

In summary, it seems that having a union helps workers earn a lot more, but also help the company have significantly better stock market performance.

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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Going to be honest, not sure how pensions work. Current two businesses have 3 employees each. Paid medical, dental, vision (even through 2020-2022 regardless of hours worked). 6% 401k matching regardless of employee contribution, yes, again, didn't realize pensions were high demand and happy to look into it.

While I realize I'm not a big company, we do our best to pay a minimum $52k salary (or commensurate hourly because of local law). Plus health benefits, phone/internet reimbursement, 4x10 optional work week, lenient "unlimited" vacation and sick, etc. etc. - I do realize $52k base isn't the most amazing thing on earth...I take zero money from the business though, it all goes to employees.

All that to say, I am totally open to opportunities to better myself as an employer.

edit:

On the $6500 front, I just don't know. A full family for us right now costs us about $1800/mo, basically everything and then some is covered but deductibles are like $2000 which I have heard is high...so I guess to your point, we could drop the deductible to $500 but then the monthly almost doubles. To me, it makes more sense to keep the ~$1500/mo increase in lieu of a $1500/hr difference and then pay that back to the employee as best I can.

Again...open to suggestions.