I've been at Honeywell Aerospace for almost 10 years, having worked my way to the position of Senior Manager. Have been through 3 furloughs in 9 months, with another one apparently looming in December.
In 2016, Aerospace required that management implement and drive an initiative to increase Productivity by 20% this year. I, along with many other mid-level managers, have been successfully flowing this to our teams with excellent results, and have saved Honeywell many, many thousands of dollars in increased productivity and reduced waste.
So, how have we, and our team of engineers, inspectors, technicians and supervisors, been recognized for saving Honeywell so much money?
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Zero merit increase this year
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Talk of zero merit increase next year
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Talk of 3-10% salary reduction next year
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Three confirmed furloughs this year (~ 6% loss in salary)
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A fourth furlough likely, which would then be 8% loss in salary. This is 3-4 house payments for most people).
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For those that are Band 4, the incentive plan has been reduced by 5%.
Why am I sharing? Just to vent, I suppose. Everyone has their own triggers in life, or to put it another way, the straws in life that will break the camel's back.
For me, the trigger is that fourth furlough.
If another one happens in December, I have told myself that I will accept the job offer that I have pending with a major competitor. I will be gone. And I suspect that many others like me, in management, will follow.
I certainly hope that some of the big boys on Mahogany Row are reading this.