Wonder

Research Outline

Prepared for Nathan W. | Delivered May 19, 2021

Local Market Place Compensation

Goals

To reduce turnover by keeping compensation and driver pay competitive in the local market place
Identify the compensation packages of FedEx Ground Contractors for new drivers in King County, Washington
Identify the compensation packages of FedEx Ground Contractors for new drivers in Pierce County Washington
Include data on overall pay structure, pay amount, benefits, bonuses, and other forms of payment being advertised in these areas

Early Findings

Data AvailabilityThere was abundant data on national wages, as well as benefits packages which are standard across the country for FedEx. However, data was limited for specifics to King and Pierce county so instead we've included data on Washington state as a whole, as well as data that was available on drivers in the city of Seattle within King County. 
The  national wage for a driver's helper, the role drivers typically start in at FedEx, has an average annual pay of $30,000 per year. 
Local FedEx delivery drivers make on average $36,000 annually, which a typical delivery driver earning an average of $17 per hour.  
However, it's noted that in highly populated cities (such as Seattle) drivers make a higher salary due to the rigorous driving conditions. 
While there was limited county specific data, one source notes that FedEx drivers in Washington state make 33% over the national average. 
FedEx drivers in Seattle are hired on at between $45,000 to $60,000 per year. 
Compensation structure is typically hourly, with additional benefits given to full time drivers.
It's also noted that FedEx depends partially on drivers who are employed by independent contractors, and that benefits only apply to those employed directly by FedEx, and pay would vary by contractor for these independent employees. 
BenefitsBoth full time and part-time employees are eligible for a 401K through Vanguard investments, and FedEx typically matches contributions, depending on location and economic conditions. 
Employees are eligible for discounts on FedEx services, shipping rates, as well as discounts at various retail partners. 
Full time drivers are enrolled in a life insurance plan, as well as health care, dental and vision benefits.
FedEx offers tuition assistance of up to $2,500 each year for all employees.
 Stock options are also offered to employees nationally. 
Employees also receive two weeks of paid vacation per year. 
SummaryWithin the first hour, we have been able to provide insight into compensation structure, national and state level pay wages, and FedEx benefits, but were not able to locate direct data on King or Pierce county wages.
To gain an estimated figure more specific to these counties , we recommend further research to triangulate existing data. 
Details on our recommended research paths have been provided in our proposals below.