Pros
It is the only large cargo carrier in Memphis, Memphis does not have many competing jobs in this category.
Cons
FedEx does not provide adequate benefits to a majority of the employees. Some Workgroups do have adequate benefits. The executive management group has an excellent pay, retirement, and bonuses. There retirements benefits are outstanding, retirement pay, and retirement medical. As for the majority of employees the pay is inadequate, the health insurance is sold to the employees for a high price with very poor coverage. The traditional pension plan was discontinued, and frozen. They have a very inadequate cash Pension Plan that will pay a minimum token amount when the employee leaves after 20 years. It is based on your salary and time in service, and applied to a company account every three months with a interest rate of 1% every three months. That ADDS up to 4% the year, and you do not control the money in the account. It is controlled by the company. Many of the retirees are struggling with the health insurance. The retirees have to pay $700 to $1,000 a month for coverage for two people. This is no better than Cobra coverage. Many people go to work for large companies for the benefits, health insurance and retirement knowing that this was promised at the beginning of their employment with this company. FedEx is very good with public relations they have the means and the money to make the story sound good. They also are very good of promising many things. But to is all smoke and mirrors.