Trane currently has a very good 401K matching program. They give all employees 3% of there income in Trane stock, and then match up 6% of the employees contribution in Trane stock.
Can someone that works for Ingersoll Rand let me know what their 401K match program looks like?
If they follow the pattern they used on all their other division acquisitions that 3% stock/salary match is on it's way out like the profit sharing programs at all the other companies they've acquired. I would suspect it's not gone now due to the fact that Trane is effectively half the company. They will keep the 6% match for the 401K but transition it to IR stock if they haven't already. I just noticed the original thread is 4 years old.
Maybe profit sharing would be the way to go? What ever divison you work at
I doubt if a big corporation like IR could do a thing like that,but it sounds good though, it can and has worked in smaller non-corporate companies.
They certianly are sharp business people. However, their greed has blinded them to taking such a huge chunk of change from the company while at the same time, they are cutting the company in places that would assure their employees are happy and productive. They need to share the wealth with all the people who are trying to make this a great company, or put that money in the company, not in their own pockets.