I remember, years ago, if somebody with knowledge and experience gave their two week's notice, the management would often come back with a counteroffer to make sure to keep the person here. From what I can see, that is no longer true. I can't remember the last time I heard somebody who was leaving change their mind and stay because they got a better deal here. Is it even done anymore or are they just happy to see people walking away on their own?
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How else do managers fail up?
To answer the original question, Jan-1-2000. This was the beginning of the Hydra, AKA as Honeywell and its descent into Shareholder Supremacy! Before the merger, the two corporate competitors (Honeywell and Allied Signal) saw employees as assets rather than liabilities.
In my experience, when you see a fellow engineer get a promotion, they did it through threatening to leave. I have engineers that I've worked with that have many fewer years of experience than I do and yet, they are a promotion class above me. I have participated in the PSA every year, and I have many more skills than are judged in the PSA, and I am continually asked to use those skills, yet I am never able to get a promotion. Honeywell is all about paying their executives as much as possible and their employees as little as possible. However, there are consequences in future growth for the company.
Sounds like HW will loose more qualified Engineering staff now that they are lowering vacation days of senior personnel. The old bait and switch of unlimited vacation has come to an end. The younger Engineering staff has seen the lies of the HR and will be leaving as well.
In November I threatened to leave with an outside job offer with 30% salary. My boss was able to come back with a 20% bump, and guarantee to play for a certification. I decided to accept the counter from HON to secure the cert on the company dime. Once I get that, I’ll be looking again…
I’m pretty knowledgeable in my field. I’ve been doing it for nearly 2 decades. I’m industry certified even (back when Honeywell cared about employees being industry knowledgeable it was required to be certified for my job function at the time) it’s gotten progressively worse each year I’ve been here, however, in the last 5 years? Holy sh-t. They CLEARLY don’t care about knowledge or experience at all now. The less you know? The higher you go. The more you know? Well, get ready to be turfed out. In my little corner of Honeywell, people who know the industry and product are treated with massive contempt. Are driven out, laid off, or otherwise sabotaged by the massive influx of know nothings put in positions they have no business being put in. The losers will be the customer, who Honeywell also clearly no longer gives a sh-t about. It’s as bad as I’ve ever seen it. And that’s saying something.
As an engineering director of 30 years I can not tell you how hard it is to find good engineers and project managers, once you have built a great team you treat them well.
You can not just snap your fingers and have a high quality team in place, it takes years. Honeywell has lost some unbelievable talent in the last decade and worst still treated them like cr@p as they were forcibly or passively pushed out the door by the bean counters.
I do not believe Honeywell will ever recover, the current stock price is just a facade built from an astronomic level of financial manipulation....the backbone is gone so when the financial storm hits, which it will very soon, it will all come tumbling down.
They matched my job offer plus 20% bonus over 1 year. I said no.
They are still making counters - ppl just aren’t taking them because HON is so toxic.
I had ten years in the avionics groups and left about two years ago. There was no attempt to keep me. They put me on two weeks of vacation to ensure that I didn't participate in the bonus program for band 3 employees at the time. I was told by some very senior colleagues not to even discuss a counter offer if management made one. The typical Honeywell m.o. was to make a counter offer to the employee that was leaving. The next step was to figure out whom could replace that person, have the employee who accepted the couter offer train their replacement, put them in the outer "L" at review time and then lay that person off in the next round of RIF's or fire them if the timing was right.
The managerial dregs fear being exposed as the frauds and failures that they are, and are thus inclined to surround themselves with simpering hop-toads and brown-nosing acolytes.
This advice is not unique to HON or any particular job or industry: it is EXTREMELY rare that accepting a counter offer is a good decision. Never go looking for another job just to try to get a counter offer. Either leave, or don’t.
Post ID: @cfp+1qjZ5iYW I have witnessed the same in SPS, it was astounding the people they let go and the people they kept. I am now surrounded by losers at every level and can feel my IQ and skills dropping like a rock.
Just finished my resume and am desperately hunting for a new job as we speak... heck...I am not even sure if my business unit will even survive.
The bobblehead and the bootlicker are the only ones they want to retain.
I saw this for the last time about 6 years ago. But recently very experienced guys were fired without hesitation and without even thinking about consequences for projects they were working on. On the other hand various almost useless guys were kept.
Honeywell is no longer a product development company, it offers a laughable charade for investors but we all know in the last 10 years that R&D has been eviscerated across the entire business with only token teams left for appearance sake.
Fundamentally the company is being asset stripped therefor talent is no longer a requirement, they will try to eek out the grift with a few more acquisitions but they are abysmal at this strategy too, so I give Honeywell 3 years at the very best until it is broken up. I have heard some strong rumors about what is coming down the pipeline in 2024 and what VK has been assigned to do but I still take all that with a pinch of salt.
I just look at the evidence that has been put in front of me over the last few years here and my 3 decades of experience as a senior executive in modern corporate America.
They love love love when people leave! It's an opportunity for people in In-D-er to come aboard at a small fraction of the price! Holy cow!