VCP is up to 4% for attendance and 4% for building productivity normally. But during Oct-Dec (peak season) these figures double to 8% each. If you average together the 4% attendance VCP (totally within our control) for 9 months and 8% for 3 months, you get a yearly average of 5% bonus, totally within our control.
I was earning $15/hr prior to this "wage boost". A 5% bonus on top of that would make my effective wage $15.75. This is without receiving any VCP bonus in regard to building productivity. This is also before you consider any "income" we were receiving through stocks. After the wage boost, my hourly wage is becoming $16hr. But I will never be able to increase that through VCP and I will never receive company stock again.
I am glad that employees across the country who were previously at $11/hr and that new starts at my warehouse are jumping from the starting $12-$13 immediately to $15, but it's hard for existing employees such as myself to see these changes as anything but a pay cut.