And with good reason!
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The spinoff Resideo is hated more than Honeywell
It isn't that u r a women why u r treated that way, most people are. Leadership changed and it is more like military, treat workers like sh1t, just give orders, no fraternizing with the peons. Workers are a box on a spreadsheet, an expense taking money from higher ups.
Honeywell on your resume used to be a positive,now its a negative I lost two opportunities and the recruiter feedback was they didn't want Honeywell experience. So don't highlight it unless you have to. They have alienated the industry and reputation is poor.
Honeywell does not hate all employees... they just have to subjugate to their ways and be really good at being brown noses. I worked for Honeywell for 15 years, and it wasn't that bad 15 years ago, however, I will say, about 10 years ago, things started to plummet. Being a woman I understood very quick that for me if I was not ready to put out, I was not going to get any promotions or to get any raises. Situation that I was always reminded to bring up to HR. However, I know that the minute I did that, that meant I was going to be out of a job. So I was continuously treated horribly so I would quit my job. Situations where it was clear I was supposed to get a promotion, they would give it to an outside hire, with no experience, or give me the most miserable assignments. I worked directly with the customer and they would always mention how superb job I was always doing. All my customers loved me, and everybody in Honeywell hated me. Upper management would block all my applications to other positions within the company, this actually happened twice.
Fortunately enough, I found another job, after 5 years of looking EVERY day. I left Honeywell in good terms with everybody and got a 60% salary raise with my new job. With better benefits, with a superb work environment!
HONEYWELL IS TOXIC!!! Just find your way out! You deserve better!
What would I have leadership do in these times of turmoil?
At a bare minimum leadership should communicate what the status is of these RIFs.
Is this phase over for a few weeks? How deep are the cuts? How about at least saying the names of the people wacked instead of acting like they never existed.
Attended a TH and the VP did not even mention these massive RIF's until asked at the end. Gave a long vague non answer that basically said nothing.
Or, and I know this is crazy talk, how about saying something inspiring to rally the troops remaining to get us past these challenging times. You know "lead"
I Know...I know...crazy talk indeed.
What would I have leadership do in these times of turmoil?
Read past the first chapter of any Management 101 book.
@1pos Well said! Let Darius with his 10s of millions salary figure it out.
Times are tough yet CEO salary is the same. Unrealistic metrics are still there. Stock dividends are still there when many companies lowered or cancel them.
Figuring out what to do? Easy, but let the fools making big bucks do it. That's their job after all. The only thing I'm figuring out is how to leave this sinking ship. So there's your answer @1opf.
Dedication is a quality best served for a worthy cause. Honeywell ain't that cause.
@1opf - Just stop the daily beatings, stop the constant pushing. Admit times are tuff, orders are down, you can't get the same work done with less people. In my group just this week we were told everything still had to happen and we had to figure out how to do it. No rest for the weary. We lost 4 people out of 13. We were all already being pushed to the limit, putting in 12 hr days (I am) and they still are not taking foot off accelerator. Can't get water out of a rock. There is a lot of burnout
What would I do differently? Simple.
First— respect. More work equals more pay. This is simple respect for the value equation at the heart of the employer- employee transaction. To ask for long term employee sacrifice with no balance in sight is the behavior of a tyrant. Employees cannot help but reduce effort to rebalance the equation.
Second — Vision. Honeywell leadership simply does not have a SINGLE person onboard with the god given talent to inspire people. Someone please tell me the last time they were inspired by a town hall? They are a joke compared to other large companies. And yes... I go to the tech symposiums and air shows.. not good enough. The best speakers are external without exception. I simply do not believe the Honeywell leadership when they speak. Maybe QD is the closest.
Respect and vision. Get that right and companies thrive. Honeywell is not getting it right. If a product isn’t viable .. exit and don’t continue making the product. Respect people with decisive action. This death by attrition will end up destroying the brand.
Every comment I post here is just the tip of what I say about honeywell thermostats and radios and engines and factory automation in public reviews. An angry employee is an apostle for your competition for ever.
Ok, I’ll bit... I ask for 1 thing.... When I read about CEO pay being outlandish in the papers, or CEO-to-worker pay, Honeywell to not be among the listed companies. Simple enough task, right? This factoid has been over a 10+ year PR problem for Honeywell.
To everyone claiming they would do things differently, what do you suggest? I am not defending ALT choices, but I am legitimately curious what you think the company needs to do in times like these? We all know the financial state of the entire industry is very poor and with the reductions in air travel, who could hedge that for more than a quarter or two at this size and quantity of employees? Operating costs are the easiest way to stop the financial hemorrhage. It’s a no brainer. Unfortunately salaries and benefits are huge when you’re this large of a company. This happened to the space industry when the shuttle stopped flying, the banking industry crash, etc. As much as we all like our colleagues and want to see everyone successful, this is not a personal choice. At the end of the day, it’s business and yes, it is about money. We all knew this when we took our jobs at a large multinational corporation seeking to gain market share year after year. Your stocks went up didn’t they? Why are you surprised at them for taking action to stay in business and protect that? News flash - you always were just an EID pair for your value to the shareholder.
@ebj+15LjYgrW. – i dont hold any honeywell stock right now either , not because DA is a cretan though, i sold because the industry is screwed for the foreseable future.
Meanwhile honeywell stock made me a millionaire on less than 100k salary.
rode the stock from 27 to 160. Even my stock grant from the 2000 time frame is a sizezble chunk of change today.
Buy and sell for a reason is all i am saying.
@kmk It's not pointless at all. It doesn't take a genius to know that Honeywell's future will be same as GE or worse. When that happens, don't want to have any Honeywell stock. Why hold on to it when everyone knows this company has no future? Rather exchange it with something else.
I'm a vendor contractor, most of us walked away years ago due to HWY's refusal to timely pay its bills, reverse auctions, arrogance and ignorance. Business is good without HWY. Oh, we never met a HWY VP with an intact soul.
Selling stock is pointless without financial purpose.
Basically saying you only invest in your definition of an ethical. Good luck with that.
Aerospace is a disrupted business.
Remember when motorola was king of cell phones?
It is a new horse race. Pick your horse and place your bet.
Once a company leadership buys into to “we manage money” versus we make products then it’s all down from there
Honeywell views its products as necessary evils to managing cash
They’re big enough they can acquire to cover revenue losses From poor decision making
It’s a horribly managed company. Cultural disaster
Unfortunately, it is an industry trend. Eaton is worse, Curtis Wright, I could go on and on! Many of the aerospace suppliers will bid a contract knowing they can't perform, but also knowing that once down the road a ways, the OEM will cough up more $$ and/or agree to a pushed schedule rather than dump them and start over with someone else. Imagine how much fun that environment would be to live in!
As a 37 year retired HON veteran:
In the "good old days" people would still whine about pay, benefits, working conditions and so on. Some would leave for greener pastures and then try to come back when they learned the ways of the new company. It's everyone's responsibility to look out for themselves and it always has been. Develop your skills to maximize your value, to HON and your chosen industry. Keep up with what other companies are doing and if you find those greener pastures, investigate thoroughly and make the move. It's your responsibility to optimize your value and your reward!
And finally, in times like these, people tend to hole up in hopes of being spared from the next round. This is the time to step up, push for things that the bureaucracy resisted in the past, and shine. People will be afraid to fight you for fear of exposure. If you fail, you fail, at least you failed pushing for what you believe in, not standing there whining with your hands in your pockets. We went through this in the early 90s. We lost a ton of really good people and experience, but we were also able blow away a lot of the bureaucracy and inefficiency. We just didn't have the bandwidth to support it anymore.
It s—s, no two ways about it. The market is terrible right now, percentage wise the worst ever. Do the things that are best for you and your family. Maximize your value, establish and foster industry contacts and by all means, move on if/when you find a better fit!
Good luck. All of us "oldies" feel for you in these tough times.
I got rid of all my Honeywell stock. The best thing to do with Honeywell stock is to get rid of it as soon as you get the company match.
Absolutely .. COMCAST comes to mind and for that matter FRONTIER.
GE during its crash phase. Circuit City before it vanished.
Some of the newer grocery stores like fresh. arket and sprouts.
Some of the shadier sweat shop tech companies like dxc.
I've worked and consulted at multiple Fortune 100 companies, and HON by far has the nastiest, greediest, most sociopathic top leadersh!+ I've ever encountered. Employees are treated as liabilities rather than assets, except when they're called upon to donate a kidney to the cause. The toxicity cascades downward and chokes good people at all levels.
COVID-19 is D's w-t dr–m for mining the company to bedrock in a few months rather than years, and being able to point at a cause outside of himself and his C-suite cr0n!es as they scuttle away with their multi-millions.
Dump it, employees should not be too invested in where they are....there are too many restrictions on when you can buy/sell..
Remember Enron....thousands lost their life savings because they believed in the bull from corporate.
Need to be rid of all HON stock. Q2 numbers will be lower than expected.
yes, it's called prison
I have been quietly selling my stock in the $140-150 level. Don’t know if that’s smart, but it’s what feels right.