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.
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.
