I have a job offer that pays about 10% lesser than Honeywell in a Tier 2 company. In Honeywell, the world around me is crumbling with key functions non existent, R&D dying, and daily churn in leadership. However, for me, I have been nominated to a few leadership development programs for whatever that is worth. It might mean I survive the next round of layoffs but maybe not the one after that. If I leave now, I give up my MIP. Is it time for me to leave? Will I regret leaving or staying?
19 replies (most recent on top)
Left at 56 years old after 18 years of service. Best decision I ever made. The only regret is not leaving sooner. That, and listening to all the id--ts who kept telling me "It's no better anywhere else, or It's the same everywhere."
left 5 yrs ago after working 10 yrs + 2 as a consultant for Hon. Best decision ever. 30% pay increase for doing the exact same job +PLUS PAID OT. FYI,I was 58 when I jumped and never looked back. The 4 remaining seniors in the dept all got fake PiP'd by a 20-30 something 'manager' (who also eventually left). Now it very inexperienced dept or 20-40 yr old's who call me occasionally to network and look for ways to escape , ha
@OP Dude....
Just leave.. You are over analyzing
I left Honeywell around 2021 after working my way up the ladder to be in meetings with DA and GL. Reaching that level was always my goal, but I was burnt out and miserable doing it. I lost a lot of relationships and time with the people who mattered most. Looking back, leaving was the best decision I ever made. I’m genuinely happy with what I’m doing now, while many of my friends who are still there dread it. If you get the chance to take a leap, I’d say go for it.
@jw You have no clue. I left Honeywell in 2022 and doubled my salary. I had no idea what a stock bonus was until my new manager apologized for the measly 150k grant that year.
I hang around this board to encourage people to grow up and take a risk. Working five years at meta generates the same financial security as thirty years at Honeywell .. far more if you do this early in your career. Learn the math around time value of money.
Staying at Honeywell is a decision rooted in fear.
I tried to leave. Age discrimination. You hit a certain age when nobody wants you. Hopefully you’re not in the same boat.
I was being very selective. I got about five or six years. I really don’t believe I’ll make it in aerospace. I really believe my plan is going to be relocated. So I got about three years somewhere else to work. Probably for 20 bucks an hour.
@g2 this is not only greatly exaggerated it's irresponsible. You're telling someone to apply and interview for a job in a saturated industry that literally does layoffs every month - every FAANG company has a worse track record than HON.
Working at a fang company will net literally 5x what Honeywell can pay for an equivalent position. Start interviewing today. End of discussion
@c8 it is way more difficult to get a raise or climb the corporate ladder when swimming against the current.
if that company has better prospects, that even a average employee will get promoted faster.
Here is an example, twitter CEO started as an engineer in 2011, in 2021 he became CEO so in 10 yrs. At us, he would be lucky to move 2 roles us, or not be laid off.
@c6 Honeywell is (or was) a Fortune 100 giant and a poster child of industrial might in the US. Tier 2 is Asia HQ and would still have a larger US$ revenue than Honeywell after the split but not the top most industrial brand but growing faster, investing and exposed to higher growth industrials.
@bv I have been here for over 20 yrs, in the last 10 yrs this ship is sinking.
as far as regret goes if someone left, I have been thinking a lot. From those guys that left or got laidoff, no one ever asked to come back.
Asking everyone else in the forum - did anyone asked to come back?
so it seems you might get less right now, but you have a huge prospect, but staying here there is not much of a growth potential.
not sure what you call Tier 2 company? Can you provide some examples? is Honeywell Tier 1 or 2 or 3?
good luck
I don't understand how people go back. Every recruiter that has contacted me for a Sr Advanced position has only been allowed to offer entry level salaries.
@bm they matched my current compensation. I move from low growth process automation to high tech semiconductor and artificial intelligence. It is a move to a high growth segment where my experience is pre-Honeywell and nothing much from Honeywell adds much value to it.
The best time to negotiate pay is when you still have a job, so you should not leave for a job that will pay less. It is a sign of things to come if they will not at least match your current compensation. Obviously, if you are in immediate danger of being laid off, the advice is different. Good luck.
I left 4 years ago for 30% more. It was until then that i realized I was waaay underpaid. Doing much better now I'm working for a startup.
if you are not happy, don't stay. Unless you are a chief or fellow because nobody is going to pay you for doing nothing.
Left and never looked back. Working at Honeywell made me d-mber, no joke. Since all of the technical work is outsourced and my boss micromanaged every decision I had to make, never once was I challenged or actually had to solve problems. I could do my entire engineering job from outlook and teams. Absolute brain rot.
Anytime the world is spinning is a good time to leave this place
You are being dramatic. You have a job at a Tier 1 industrial company with a strong market cache that pays more than some no-name tier 2 firm. What are you running away from? If you get laid off or fired then look. Proactively hedging by taking a pay cut at a company that is less reputable does not sound like a solid approach. Don't listen to the emotional wining of the majority people on this forum.
Only quit if your total comp will be more.
The best day to leave Honeywell is ALWAYS yesterday for the vast majority of workers.
Less pay than Honeywell?
Try harder that is embarrassing.
PS: No amount of MIP is worth a month of fear. Just remember that bonuses for band 4 equivalents at Amazon, google, meta, and every tech financial everywhere START at 20% base pay with yearly stock added on top at 200% and higher.
Said goodbye to Honeywell two years ago and never regretted a day.