Honeywell counts on our people to deliver superb performance for our customers every day – and in return, we offer compensation that links your pay directly to business and individual results. Our pay-for-performance approach is designed to be fair and consistent, individually differentiated based on results, market competitive and compliant with local laws.
We also provide competitive benefits programs in every region in which we do business. While our benefits plans vary in availability in our different locations, we offer a broad range of benefits that are part of the value you receive as a Honeywell employee. Wherever you are with us, you will find benefits that can help ensure your health and well being, and contribute to your financial security.
Health Insurance: Honeywell is self-insured and provides health insurance through the blue cross or Cigna networks. Coverage is identical but doctors may vary. The plans are "high deductible" with an HSA. The deductible is not that high in comparison to a private plan --- about 1/2 --- and is about 1/2 to 2/3 the cost. For a family the employee premium is about 650 a month. This varies depending on compensation. There is a somewhat progressive premium scale. The HSA is through Bank of America and while the cash balance is at a very low interest rate, money over a thousand dollar threshold can be invested. The deductible is 3000 and so you can save aggressively in the HSA and offset the deductible should you need to. The retirement plane is a personal account. You can contribute to a variety of funds in the form of a 401k or a Roth IRA which allows you some freedom on when you pay tax. The money you contribute is yours right away. Honeywell begins to contribute after one year and their contributions are yours after three years from your start date. Dental and optical are also good, especially in light of the HSA. They have some additional products for disability and accidental death insurance. There is a default life insurance plan as well with the option for more.
401k roth and 401k traditional
Coming from private industry, the benefits are appreciated: vacation and sick days in addition to holidays (i basically get 2 months/year paid time off), 401K (matching 75% on the first 8% of pay).
The cost for the medical and dental is astronomical. You have to pay $3500 out of pocket before you even get to the first tier of benefits which pays 80%. Then you have to pay another $5000 out of pocket to get to 100% coverage.
Average, nothing special. Only two weeks vacation to start.
Comparable plan to peer companies. Recently moved to so-called "unlimited vacation" plan
Good Benefits overall: health insurance, vacation, sick/personal time, maternity leave, FMLA, 401k...
Health benefits are not good at all...very high deductible for the premiums you pay. But the 401K match is pretty good.
There are employee benefits, like discounts on insurance, etc, however, for the basics of what most families need, such as insurance, the cost is quite high for a high deductible plan. No HSA funding is provided like in other organizations who use a high deductible plan.
Know benefits medical is very very poor there's nothing good about Honeywell
List based on reports from current and former employees. It may not be complete.