Rumors flying that poor business performance has the 2026 MIP set at 50% and a sunset of MIP for band 4 engineers planned for 2027. Management and band 5 retain MIP. This would put Honeywell dead last in pay among all defense contractors.
You’ve been warned. Budget accordingly.
Look for “aligning incentives with business goals” and other spin that all boils down to …
No MIP for you!
8 replies (most recent on top)
This company is totally gonna be focused on shareholder value. My pay or salary doesn’t make a difference. No bonuses equal shareholder value.
No, you were me. Equals shareholder value. You need to get it in your head that this is gonna be a total 100% focus shareholder value company. The old days of covering each other’s as--s and protecting each other. They’re gone and so is the hiring practice of creating bogus over bloating over compensated jobs.
It hasn’t really started in aerospace yet. I kept telling him about keeping an eye on Honeywell technology. Elliot management has somebody on the board. If there’s a proxy war and they replace board members or even the CEO. Then those things are gonna happen here too.
My prediction. If next quarter is bad, you will start seeing the letters and nominations for the upcoming annual meeting of shareholders. Where they vote a new board members. Who can eventually replace the CEO.
You state it won’t be this aggressive. They’re gonna have time to prove themselves. Unless I’m reading everything wrong about Elliot management, their firm is very aggressive when it comes to shareholder value. Y’all are in the Honeywell culture. Where you used to everything being overlooked or it will get done eventually.
You better buy a pair of ruby slippers. Instead of there’s no place like home, tap them together. There’s no place like the unemployment line. There’s no place like the unemployment line. There’s no place like the unemployment line.
We had our first day as an independent company. Everyone who was trying to make a name for themselves or being noticed by the new people running the company. They all took pictures by a sign that said first stand alone, Honeywell aerospace company.
Maybe at the end of the day. They’ll give you a copy of that photo. When they walk out door with your turkey box.
Then you can supersize another glass of Kool-Aid. Oh yeah.
Hey Kool-Aid. Oh yeah.
Other shops, every level gets some "MIP", even new hire E1s get some %.
How are we attracting talent with such these antics.
heard this rumor in the hallwat conversation today.. Deer Valley
A class action lawsuit will occur from this, unless HONA “pays” Band 4’s back for the 10% of their pay that was sequestered (aka stolen) to fund the MIP program. This is fact, and another fact was Honeywell kept the funds for 2 years to ‘make thier fiscal numbers’ before implementing the MIP program. So for two years Band 4’s were at 90% of previous year, and then they were given the opportunity to earn their own pay back. This was the beginning of the end.
Ask any Band 4 that was already working at Honeywell, and they will confirm the information above as 100% factual. New hires didn’t lose 10%.
Morgan & Morgan, hope you are reading this!
comment was about band 4, e band will get their 100% mip.
this is an expressed plan. they will give a percent this year that makes the upcoming pay restructure look attractive .. until you do the math . at the moment IT and the payroll are so sc--wed up they cant manage to pay hourly workers reliably and many band 4 people were given the wrong job titles that must now be corrected. i doubt they even know who is being paid let alone how much.
dont forget how they devalued your matching fund first with once per year match and now by ki-ling the dividends.
MIP in 2027 will depend largely on the wives of upper management that already have spending plans for their bonuses. World cruise, vacation home remodel, etc. Unless they want to sleep on the couch there will be some MIP payout. If Q4 really bombs then maybe not, but if that happens there might also be changes at the top, someone will have to be held accountable.
I heard it was going away and no pay out in 2027
Wasn’t there some video last year about adding requirements like “you must submit a patent” to the MIP eligibility for engineering?