Can we assume there won’t be any raises this year?
10 replies (most recent on top)
Executives get raises. You do not.
Nah, you could get like 4%. Then they will furlough you for 2 weeks out of the year to claw it back. 80 hours out of 2080 is about 4%. Plus the free overtime that you work. Yeah you salaried folks are not even close to breaking even. Hourly folks on the other hand, no furloughs and all the OT you want.
Lol
Stop waiting for Honeywell to throw you crumbs and expect you to be happy about it. I left three months ago, 25% raise at new job (which is not huge compared to some offers I’ve seen others get) but also much, much better benefits and my bonus when from 15% to 30%. Apart from the money, I actually love my new job. No just reporting up the same thing in a slight different format to 10 different people, no having Critical reqs cut without warning (and after agreeing not to backfill another critical role so you could use that headcount) and just no ‘meh’ and apathetic vibe in the office
The question is how money Honeywell with take back through furloughs and temporary pay cuts
Salary budget is flat. Attrition expected to pay for merit adjustments
Be glad that the yearly PIP isn’t more than the requested quota that HR lays down.
You can bet the farm that the executives will get their increases.
SPS budget for next year has a 4.9% merit for the US.
There were not any last year. Don’t forget about 20% inflation…a 3% pay rise is a pay cut.