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They don't make $170,000 a year. That is their salary + benefits.

Many years ago a man named Tim Crow thought it would be a great idea to discuss value instead of pay. Carol Tome, now CEO of UPS was CFO of the company Tim was EVP of HR at.

You take pay, 401k match, health insurance expense, available employee stock purchase plan discounts, etc and add it all up. Thats your total value.

If a driver makes $85,000 a year and the company matches 5% on 401k then they actually make $89,250. If they get 15% off stock and can deduct a maximum of $40,000 a year for their stock account they now make $95,625. If the company pays $2,100 a month for employee health benefits now the employees earnings are $120,825.

Slick isn't it? You use this number to boost morale, when an employee logs into an HRIS it's bold and impactful. When you give interviews about the company you talk to reporters about employee compensation and their total value using these big numbers and the dumbass reporters report it as pay. It makes great headlines!

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UPS has not guaranteed delivery times since the start of covid.  They are more than happy to take your money for providing that option however.

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Amazon and Walmart delivery are eating their lunch.

UPS should have done the contractor model years ago.

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The military used to do the same thing.  Every year you would get this letter saying what you 'really' made. Funny thing, the banks would laugh if you tried to use it as proof of income.   I think saying something like 'it costs UPS $170k per year for each driver' could present a pretty clear picture to the average Joe if done right.  However, you need to remember the average IQ of reporters is somewhere between idiot and imbecile - and half are lower.

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I guess I look at things as a "TCE" (total cost of employment) thing.  I don't mind knowing what my company pays on top of my salary.  $50,000 a year for someone's benefits is quite a bit.  If someone is working only 40 hours a week, then that could be >50% of their pay.  I know the only thing that comes out of my friend's paycheck is taxes and union dues.  So making $40/hr as union labor, is probably closer to $50/hr anywhere else (when you factor in contributions to health insurance, retirement, etc.).