Is there a number you'd be satisfied with? If so, what would it be? I'll be honest, what we've been getting (or I, specifically, I don't want to speak for everybody) lately is not enough. It's more of an insult than an actual raise, even though we're expected to be grateful for it. They need to do better.
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Pity the poor leader who has to divvy up crumbs and deal with all the whining . Some get 5 or 6. If your underpaid based on HR you may get an adjustment. If they know you wont leave, much much less or 0. Good luck!
I would be happy with a 50% raise
You’ll never get it. So stop dreaming, and stop drinking the Kool-Aid. If you do that, you will be prepared for whatever decision Honeywell has within three years. Especially if you work in aerospace division.
Honeywell leaders thought that new __products__ would be the disruption to their business. Turns out it was workers re-evaluating what matters most. All of a sudden life balance matters. Health care, work hours, __location__, and environment suddenly matter more than just about anything including salary. The effect is that you have to pay a LOT more in order to get people to ignore those negatives.
Honeywell will be forced to meet demands. It will be made worse by global movements for equal taxation. This can only be followed by pay balancing to help distribute wealth tovthe working class.
You are seeing the start of the next industrial revolution driven by young people who dont mind "you will own nothing and you will be happy"
Learn robotics. We will need lots of robots.
https://globaleconomicforum.org/2021/09/06/you-will-own-nothing-and-you-will-be-happy-the-great-reset/
Having a job and doing for the company is what has already been done. Honeywell conitnues to bleed out talent because of the attitudes just like yours. What the he-l is wrong is wrong with you? You must be DA and Maddog.
Back on topic.
Cost of living adjustment must be the average.
If you call something “merit” which is below inflation it is insulting.
So 9-10percent.
So “set your own salary" is actually a thing?
I googled and found….
https://www.constructionnews.co.uk/contractors/morgan-sindall/morgan-sindall-report-recommends-employees-set-their-own-salary-09-08-2021/
https://corporate-rebels.com/set-your-own-salary/
https://www.hrmonline.com.au/section/strategic-hr/employees-choose-their-own-pay/
I cannot see this happening at Honeywell.. ever.
That is the point isn’t it.
“You don’t know your contribution? Well, neither do we. We will contact you if or when we can find a task that is important enough to write a purchase order to perform. Good day."
It would be impossible for most employees to perform a P&L value analysis and determine their contribution, because that information literally does not exist in most SBUs. There was an initiative to do such analyses at the product level so that investments would align with the most profitable products. But with bundling, discounts, cross-SBU contracts, etc., the best they could come up with was an approximation that everyone knew was wrong. Taking that down to the employee level would just be impossible.
I agree with the comment below about employees being asked to justify their salary with a P&L value analysis. It rings true to the Honeywell cult of metrics and money. A follow on to the id--tic and demeaning iManage content they bought from some consultants.
The only thing that would block it is the absolute chaos that would occur when a few people find out how much AOP revenue is passing through them as a single point. I know some individuals where that number is in the 9digit range.
The Ghost of Christmas Past is correct. I had angioplasty and stent placement in 2000 and the total bill was $62K. My outta pocket was a total of $50 copay for the emergency room.
https://tradingeconomics.com/united-states/wage-growth
Wages in the US increased 9.77 percent year over year.
If the industry cant be competitive then off to another place i go.
Simple really.
If i stay it is basically an investment of 9.77% of my salary in the company.
I see no chance that would ever be recovered.
Goodbye honeywell. I hardly knew you.
Honywell pays just enough to keep everybody from leaving simultaneously.
Many other companies pay more because they value experience and knowledge gained over time.
Ask not what the company can do for you but what you can do for your company.
Have a job and still getting paid for it? Be thankful.
@lnm+1esjc1bm Honeywell is self insured. They subcontract the management of the health plan to one of two choices. The only difference is the bureaucracy you have to deal with. Cigna was the worse option in my hub. 20 years ago, right after the merger of AS and H, was the high point in corporate care with employee's paying small co-pays for everything ($$). Now with premiums and deductibles they make money on healthcare.
FAir is still having a job at year end 2022
Honeywell allocates a merit pool, usually 2-3%, which has to cover all merit increases. Anyone who gets more does so at the expense of others in the pool. Usually they hold back some part of the pool so they can show how well they are controlling costs.
Honeywell encourages a culture of not talking about compensation because salaries can vary widely for the same position/experience.
Hon does not do cost-of-living adjustments, so the rate of inflation is not applicable.
@otg Exactly the direction they are heading. Most tasks accomplished by contractors or outsourced to other firms. A few employees overseeing those contractors or other firms. Actually a very good business model.
Current trend is for employees to name their price and justify value to company. Reference recent articles.
I think Honeywell will push in this direction eventually asking every employee to justify their salary. It will lead to a gig economy where employees are rare and workers only come on board for specific tasks.
Inflation is around 10% so at least this.
I am not sure what is ‘fair’. But IMO, 3% or less would be unfair.
Unfortunately what we think is fair vs. what Honeywell determines on what we get are two different numbers and I found they won't negotiate.
I left Honeywell in September after a four month job search and received a 15% bump in salary, they prefer work from home (which I do) , and the health plan is less expensive than Honeywell's with better deductible and out of pocket costs. My family healthcare costs went down about $4,000/yr. What's interesting is that it's the same healthcare insurance company I had with Honeywell.
Put yourself out there to other companies and see what happens.