Full-time UPS drivers will earn an average of $170,000 in annual pay and benefits at the end of a five-year contract agreement, UPS CEO Carol Tomé said during an earnings call Tuesday.

  • Overzeetop@sopuli.xyz
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    1 year ago

    Man, that’s a lot of words. If I read it right, the base rate for a full time driver with more than 4 years in the position is $35.xx/hr. With most good benefits packages in the 20-40k range, and allowing for a few adjustments, I’m guessing that the 170k is probably something like 2600-3000 hours a year. Most 40hr jobs with benefits are only about 1850-1900 hours/yr, including holidays and paid leave.

    • isthingoneventhis@lemmy.world
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      1 year ago

      gl keeping people for 4 years, they’re probably going to pull some shady shit and make it absolutely miserable from management side.

    • High_Plains_Drifter@lemmy.world
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      1 year ago

      It’s actually 40 something now. If you pull the UPS Teamsters National Agreement for 2018-2023 there’s cost of living language in there that put them over $40. So let’s call it $50, plus the $2.50 raise that was just negotiated is $52.50. $52.50x40=$2100.00 x 52 = $109,200. Factor in benefits if you’d like on top of that.

      • Overzeetop@sopuli.xyz
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        1 year ago

        That’s about in line with what I figured. Iirc they are all hourly, not salaried, and there are (anecdotally) very few weeks that are under 40 hours. 170k less $30k in benefits (ex- my fam healthcare for 3 ppl costs me $22k/yr - add disability, life, retirement contributions…) is 140k in direct pay. At $50/hr, that’s 2800hrs.