Posts Tagged ‘economy’

To work or not to work? That is the question.

When asked if I would be more or less likely to work for this company after what I have learned, my answer is still yes. My father worked for this company for my entire life until his retirement about two or three years ago and it has brought him so much. I spent a day with him during middle school or elementary school and I thought the company was great for the family. They really do seem to care about their employees, so no wonder why they were awarded one of the best places to start your career, best place to work, and several others.


I also like the fact that employees receive health benefits, pension benefits, a 401 (k) plan, discounted employee stock purchase plan, paid vacation, and tuition assistance. If my father had not been still working at UPS when I started college and I had known about their schooling and working opportunities I might have been picked what school I went to based on the fact that I could work for a company I could make a career out of while getting a degree. I think all work places should encourage schooling for their employees because the world is constantly changing and when you have hard-workers that are adding to their talents the better the company will become.


I also think that they are doing a great job with dealing with the economies state. It seems that they are trying to keep their employees, well employed, and not raising their prices too much for their customers. While they have already published their increased rates for 2009, they have confidence in their loyal customers to be OK with the increase enough to continue being loyal.


You challenge me?

One thing that UPS said they find challenging, as any other growing company would, is keeping the technology initiatives aligned with the businesses direction. 


With the economy pretty much failing right now, UPS has lowered its first quarter earnings expectations to $.86 or $.87 per diluted share from previously anticipated range of $.94 to $.98. They will also be increasing the rates for 2009.


Some other challenges they have faced are keeping up with their customers importance of being green. They have done this by sending out 167 “green fleets,” adopting HP paperless printing solutions, and also being the first of this type of company to purchase Hydraulic Hybrid Vehicles.


“Based on economic forecasts, we anticipate a challenging environment for a number of quarters going forward.” said Kurt Kuehn, UPS’ Chief Financial Offices. “We believe the US consumer will very conservative with spending this year. But we still expect 2008 earnings per share should be toward the lower end of the $3.50 to $3.70 range that we provided mid-year.” To read more about this story and how UPS is actually doing fairly well even though the economy is weak click here.