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Skirt steak

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Reply with quote  #1 
Heard a rumor there will be an announcement for us USF Tms this Friday. Cutting our pay again. This time to 50-55% of our base. Anyone else hearing this?
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Vwdasher

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Reply with quote  #2 
I heard they were changing the comp plan from a current rep last week, I just wasn't sure if It was going to be at the end of Q3. I was a rep there for about 10 years before recently being laid off at the end of April. There is no way they are going to keep the same comp plan for sure, at my division the reps just killed it last year in compensation. A ton of reps including myself made an easy figures. It's not profit driven at all, which leads to cheap cases in an already extremely low margin industry. Prior to my departure we were already on a 70% salary, which really wasn't that bad since everyone was and likely still is somewhat working from home. The issue is reps are having to do two to three times the amount of work for less money. And this will be the new normal for sometime, especially with KKR in the mix. I have no problems with the measures they've had to take honestly, it's business and reality. They did hook me up with a very good severance package and benefits. My division had good people there and we valued doing a good job in all areas. In hindsight it's really been a great time to get out of the industry and from I'm hearing from a couple old colleagues is they would gladly take a severance to leave if only worked that way, the stress is too high for the reward. There will be winners and losers for sure over the next year, which I hate to see customers and business being put out of business by no fault of their own, personally I think the government really over reached on the Covid19 pandemic, every state isn't New York City and should be looked at individually objective. But the bubble has busted as far as TMs pay goes without a doubt, on a very select few with make six figures and likely only in metropolitan cities where cost of living is higher.
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formerdsr

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Reply with quote  #3 
I retired in May 2018 just before the new plan was starting. USF should just go back to the old commission plan. It will make things so much easier.
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Vwdasher

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Reply with quote  #4 
What's the "payout" if your above 60% PY? Do you work for USF? Is it a percentage of your base like before? No more cookbook? Or EB variable? It sounds like a pay decrease for sure, especially with everyone being down in numbers significantly, and all those accounts are dead weight for a full year.
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