Why are all the new people getting hired into my group getting much higher salary than me who has been here for a few years? I'm the one mentoring these new grads and they're getting 5-10k more than me for some reason
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You call it 'mentoring'. The BU wants to figure out where your shortcomings are and replace you with fresh blood.
If you dont like it, leave. This company has a low opinion of its employees, prove them wrong.
Apply for a job/promotion in another department. If you are in engineering, apply for one in project. If they think anything about you at all, they will counter. If they don't, you are not in their long term plans anyway.
Market is very competitive for new grads. Tech companies pays 120k plus bonus to attract sw grads and that was a few years ago
They're only trying to keep a few 1's right now. No one else. If they don't counter, you're stuck without a job and a paycheck.
Besides, it's not a good idea to take a counter from your current company and remain. They'll always know you tried to quit and it will limit any future opportunities you might have had.
Why would you want to stay at Honeywell with current conditions are they are? Better to move on.
Resignation trick works if you are a 1,2,4. 5s and elbow will most likely not receive counter.
My data is a couple years old, so be careful with this…
There are HR rules on pay that only apply once you have turned in your resignation.
No raise, no promotion? Put in your resignation. NOW, your HR rep can make an offer to keep you. But you have to give notice first.
If you’re dead weight or your HR/manager had a bad day, too bad. Be very careful playing that card. You’ll need a champion working the system before you give notice to make sure you don’t get burned.
Been this way forever. Supply and demand applies to employment as much as any other financial situation. Were you hired when they were desperate for headcount and there were not very many applicants? Don't think so. The new hires are in a better position due simply to the numbers. More demand & less supply = higher offers. Right now there are many vacant positions and few applicants. Go somewhere else and you'll get an offer as good as your new coworkers got if not better.
Yep, as in Olathe they are expendables for the next RIF in a tight job market. At least you weren't lied to by management to hang on as retention promotions were on the way. I've given up on the carrot & stick lies and decided to move on as all you will ever get is the stick.
You don't get promoted or raises if they don't think that you will quit.
The goal is to pay the lowest wage possible. You stay they win
Honeywell has to be somewhat competitive in terms of pay to get people to sign on (if they didnt lowball them at first), but once you are on they don't give raises. That way your pay increases less than inflation and its a cost savings for Honeywell.
A whole lot of wage theft off employees backs or a company that touts itself as "ethical". Honeywell are the biggest liars, con artists and scammers in the industry.
This is very common at Honeywell. Honeywell offers a very competitive salary when you are hired, but minimal raises thereafter. Now, a competitive wage for your job is $5-10k more than your current salary. Your best bet is to get another job - either within Honeywell, or externally. Maximum pay bump is 10%. If you are more than 2 years in the same role, you are underpaid.
In my case, I left Honeywell and returned a few years later to the exact same job, but at "Sr" level and 25% pay boost. I then took another job within the company for another pay boost. I've been searching internally, but now it may be time for me to leave the company again to get a 20% pay boost.
Because they can and you have not threatened to quit.