Did the compensation survey go to all of Honeywell or just USA or just PMT? Everyone in my office I spoke to got it. It says it won't impact health benefits for 2018 but clearly many of the options presented would impact what we pay
I generally picked what would pay me more now as employment could end at any time
And I get my health benefits through my spouses company for way less than Hon cost
Remember Daryass's lame response to the gotcha 401K question at the last town hall, for which he was totally unprepared to answer? "we are always looking at employee total compensation blah blah."
This survey was quickly contrived so that he can save face, nothing more. No additional benefit to the employee will result, probably will be the opposite.
The basic flaw (at least one of them) in this survey is that it did not consider that many employees do not have HON health care, so it will be skewed as a result. Total BS.
I have to agree that it’s unlikely that anything good will come out from this survey. No one with any experience in information engineering would build a survey like that.
Survey Options Ranges - Not Actual Options Presented.
Annual base pay increase: 1% - 4%
Annual bonus % base salary: None - 20%
One time cash bonus: None - $3000
401K match: 50% match for 6% - 100% for 8%
Health deductible: $500/$1000 - $3000/$5000
Health Max OOP: $2000/$4000 - $6000/$10000
Health Insurance premium: 20% decrease - 100% for catastrophic coverage
STD: 100% 10wks, 80% next 10, 60% last 6 - 100% 26 wks
Basic Life: 1x base - 3x base
Flex hours: 1 wrk wk in 4 days - 2 wrk wks in 9 days - standard wrk wk - flex with mgr approval
December break: No - Yes
Education assistance annual: $3000 undergrad/$5500 grad - $7000 undergrad/$9500 grad
Student loan repay: $4000 over 2 yrs - $25000 over 5 yrs
Survey asked 17 times to pick between 2 options. Above only represents the min-max range that were present and not the actual value presented in each of the 17 option pairs.
All the pluses that were inserted into this fake survey were smoke, they will never happen. The purpose of the 17 choices was to cleverly gleen the info of what take aways are least objectionablei, period.
I want a Collective Bargaining Option (CBO) . But I know management is up to their dirty tricks. They will claim later we by this survey we chose to the option (which reduces our benefits further). Do NOT do survey ! -- Disgrunted-in-Glendale
They forgot option 3: working for another company with better benefits than option 1 and option 2.
Just pay us twice our salary and forget their lame benefits. No vacay no insurance. well get our own, thank you very much.
Looks like the new graduates are getting their tuition paid. New benefit for them and lots of takeaways from the long time employees.
I got mine and on the first page didn't like either of the two choices. So I exited the survey and deleted it.
And corporate can now say they let the employees vote on it so any reduced benefits were our choice.
Whatever it is it will work in HONs favor. Example to make the math easy. You earn $100k today and no bonus. Next year they offer you $90k with 15% bonus. Sounds like you get more but they set goals high enough so the bonus only pays out part of the value and you go home with $95k
And by the way bonus money can't go into 401k so they don't have to match as much either
Like all BS Honeywell surveys, this one never made it out of the deleted items folder. Outlook filters are a wonderful thing
Like the so-called employee satisfaction surveys, this survey is engineered to justify whatever they want.
Self select here. My Cobra has run it's course so it's time for a non- company negotiated plan. Have no idea what HON is contemplating but here's some info that may be useful.
Monthly premium for a Bronze plan in my area is $1548 for my wife and me. That's an HSA with a $6550 deductible per person, $13,100 per family with a $13,100 annual maximum. My area will be a little more expensive than most, but this should give you a feel for what coverage might cost outside of HON. Now if your adjusted income is below $64,960, tax credits will help immensely with the premiums. Who knows what the situation will be next year and beyond....
Fingers crossed for a 4 day work week or 9/80!
NO way I pick any of their options.... THAT SURVEY IS ANTI-UNION. No sir, I will play THEIR game. --- Disgrunted worker at Glendale .
Aero got it.