Question from a potential new hire: What is the "standard" relocation package for a level/band 3, and how does it compare to level/band 4? How are bands/levels selected?
Also, do they pay for your original home sale real estate fees and other expenses? Do they also pay for new home purchase fees?
Last question (signing bonus): What is the standard for band/level 2, 3 and 4?
Thanks @3yop+1f62niQV. This is very helpful. Sorry for being vague in my original post. The reason I did not specify the area nor the position is that I saw a comment in other posts that HR people might track the post, so I did not want to directly expose myself (it's just my preference). However, I understand that for more accurate answers, I need to be a bit more specific. My offered position is equivalent to (Senior Engineer).
Some people from India are just nasty. It’s n their blood. The OP had a question, why would u come n here and pretend to be the OP!
Man, I said that already, I am not the one who has been responding below. Some Indian guy has been playing a nasty game claiming that he is me. The only real response by me was the very first one after the original post.
You guys may ignore the thread now that there is so much cr-p going on (silly for someone to skew the discussion and claim that it’s his post).
OP, why are you asking us when you could be asking HR or your relo coordinator?
This OP has a real chip (more like a 2 ton truck) on the shoulder…..
…. will fit in perfectly in the crazed connected ….or HBT
Went ballistic on a hint of India and how a VP CTO is slotting him so that says it all…
This is weird… I am the OP and I will be moving, all I want is to know how much I can get for my move.
I am the original poster. The person posting below has been making false claims or at least pretending that he is the original poster (me).
Well… which section are you moving to in Atlanta?
Get your VP CTO to fill the papers to get you the bonus, sign on and relocation package with house in Atlanta …. Should be no problem
Outsource or offshore? There is a difference.
The reason you're being asked about being from India or have a visa is because so many software jobs end up being outsourced to low cost regions like India.
There will always be a push to outsource. Software engineering is easily picked up my inexperienced engineers and will always be a target for outsourcing. If you decide to move for the job make sure you really like the State and they have backup companies nearby.
If it's Phoenix, I'd reconsider.
Why should we give you money to relocate. You should just be honored to have this job.
Do you know how many people would love to have your job. You got the greatest job and work for the best company ever. You have a warm fuzzy feeling. When you show up to work.
Currently at my location. They’re going to remodel the bathrooms. Honeywell knows when your bottom is happy. Your top will be happy to.
Welcome to Honeywell. We’re all your dreams will come true. You will never regret getting this job.
:@1cvk+1f62niQV
Yea, For Atlanta band 3
@1lzk+1f62niQV 50K signing bonus !?
As a band 3 Ask for a 50k relo and that should cover taxes….
I received a 10K signing and relocation package (didn't move across state lines) right after college. After taxes it wound up being something like $6k.
The tax issue is serious unless you are single or newly wed. $10k tax bill in a year.
Tell honeywell you need $13k in signing bonus to cover taxes on both relo and the signing bonus. Call it even. Do you math and show them the numbers.
@1ymo+1f62niQV: H1B visa? what type of visa is that and why are you assuming that I am a visa holder or foreign national aftercall. No I am not, so whatever answers you offered me based on that assumptions may not be valid. Answers here are weird. I asked about Relo package, and then people would come and say (you are coming from India), or (you most be on an H1B visa, etc).
Thanks to all others who answered my questions. This is really helpful.
You must be on a H1B visa… in that case no worries about the package for relo. They will deduct it from your salary if they let you go. Then after 2 years they will count it as income so the taxman will hit you with what you will then owe the us government
I would not take the relo, it’s a poisoned pill
It's a poor assumption that the OP doesn't mind moving from wherever-they-are to wherever-they-are-going, so even if it doesn't work out, maybe it's a free move.
Band 4, you are locked in for 2 yrs. Leave before that, on your own or per the company and you owe the relo back. If you stay, they will add the full costs to your taxable income, and it is considerable because they use a 3rd party service for your temp accommodations and to manage the move. More than half my annual salary was added onto my taxable income the year I moved. I thought many times about leaving before my 2 yrs was up, so if you haven't already accepted the job, take another look at your #2 choice.
A good lawyer would prevent any "fake" argument related to "performance" cause to be the used to force a terminated employee to pay back the benefits. In fairness to all parties, I have never heard that HW forced a performance-cause after terminating an employee and at the same time asking him to pay back all his relocation benefit expenses (unless he decides to leave instead of being terminated).
There is nothing "fair" in this equation. They burn you out and you end up leaving to save your health and your sanity. You are not the one who "decides" to leave. Instead they just make it unbearable for you to stay... or you simply start to collapse under the toxic workload which allows them to cite "performance" reasons for terminating you. They get their money back in either scenario.
@gad+1f62niQV: How long is the commitment to pay back the benefits if you decide leave? 1 year, 2 years? If it's no more than 2-years, I think it is fair for the company to ask for it's money back, unless it is 3-years or longer
The relocation packages are an infinitely better deal for the company than it is for you. They will recover that money back from you in more than one way. Once you join you will become the individual who gets the least desirable work and the greatest work load among your peers. You will have no recourse because you are now a sitting duck.
They also have a financial incentive to overload you to the point of burnout so that you become so desperate that you leave on your own and pay back the entire amount of the relocation package plus taxes. Its a no brainer for them to do so because it allows them to recover all of their money and then some from all the extra & toxic work they gave you before you left.
@OP Take much of the feedback you get here with a shaker of salt not a grain.
@ekx+1f62niQV: Thank you for sharing. I actually did read through that thread last night, and I was shocked to see that there is obviously a clear answer on whether new hires should consider a job here or not. The reason I was shocked is because I have spoken with 7-8 former employees of HW, and the feedback was not as harsh as what I had read in the thread. It makes me wonder if I should take the feedback there with a grain of salt, compared to feedback from former employees who I spoke to. I am new to this website, and I had no idea if the website is mostly visited by a particular group of people (I mean the website is about layoffs, so one would expect a bit more negative stories here than positive experiences). I guess the answer to whether I should consider this job or not is still very unclear to me due to the discrepancy between feedback from the real world and feedback on this website from anonymous people. Hopefully I will end up making the right decision. If the relo package is good, I am not sure why this would be a risky experience for me. But thanks everyone for the feedback. Any additional information on the relo package or bonuses would be appreciated.
https://www.thelayoff.com/t/1eEIEIYO
OP: Here's a post from four weeks ago at the link (copy/paste to your browser) from another Honeywell prospective new hire and 60+ replies about life at this company. There are many opinions, good and bad about working here. Understand what you're getting into.
@nok+1f62niQV Thank you. I am interested to know more about what you meant by ("honeywell will finance your house."). How does that work? Are you saying that HW will purchase the house and finance it on the employee behalf for a high/higher level positions?
@frn+1f62niQV: If the relo package is good enough, and covers everything and more, why are you saying "Never relocate solely for a HON job"? Thanks.
Please keep us updated with whatever you feel comfortable sharing.
@cch+1f62niQV: No, I am relocating from another state in the US. Short answer: I am not relocating from India (and I am not Indian).
Are you relocating from India?
There are different tiers of relocation, band 3 is likely tier 1, pretty basic, one home finding trip, shipment of your belongings to new site, they pay realtor fees, closing costs up to a certain amount. It's decent. Tier 2 is better of course, pays more fees plus a stipend, and temporary housing for a few months. Tier 3 is director level, not clear how it works, but honeywell will finance your house. Clearly I didn't get Tier 3 but, sounds nice.
OP: If you are determined to work for Honeywell internet searches will have far better answers for your relocation expenses and what you or the company would pay. Those are all negotiable and an employment attorney could provide valuable assistance in that area. Simply talking with a lawyer is usually free to the first 20-30 minutes at the initial visit.
Signing bonuses vary greatly depending on the what type of job you are applying for. There is no standard bonus across all job descriptions.
Asking your question on this site is going to provide a majority of anti-Honeywell replies and won't be very much assistance.
Never relocate solely for a HON job