Pros
Job security! UTC competes with the like of GE, Honeywell, Ingersoll Rand, etc. Out of the group UTC has diversified very effectively yet at the sametime maintained synergy between it's 7 units. As a result, UTC has had very few job lay-offs in the last 10 years. Not to mention high return on investment for the shareholders. UTC has also been very effective in using low cost outsourcing companies. This has not only lowered product development cost but also mitigates the risk of mass lay-offs. UTC has one of the best continuing education program imaginable. Company pays full tuition and books regardless of the type of degree you are pursuing as long as its at an accredited college or university. For example, an engineer can get a law degree with no questions asked by your immediate manager, director, HR, or any one. No contracts, no stipulations, no catch whatsover. Once you receive your degree the company also gives a $10k stock award vested right away!!! Once again, no contracts, no stipulations, no catch attached to the stock award.
Cons
Very low salary and benefits. Most UTC units (Otis, Pratt & Whitney, Sikorsky, Career, UTC Power) are based out of Connecticut, which has very cost of living. Pay and salaries on the other hand are below average across the board. UTC abolished performance based bonus several years ago. During three year period between 2000-2002, Pratt and Whitney unit did not give out raises, citing difficult economic conditions. Later on the company report record profits for years 2001 and 2002, making it's CEO George David the highest paid CEO in the nation in 2002 and 2003 at $60 million and $80 million respectively. Company didn't make up for it to the employees in the following years either as was evident by a mere 3% raise in 2003 and 2004 and 3.5% thereafter. UTC does provides 401k matching at a rate of 3.6% on the first 6% only. This is on the extreme lower end of the spectrum. Furthermore, UTC does not have a Employee Stock Purchase program either. Finally, increase in out of pocket cost of healthcare (premiums plus deductables) has out-paced cost of living increase by a factor of 2. Performance raises on the other hand have never topped 3.5%. Most UTC business units are mired with bureaucracy at all levels. This results in monumental levels of inefficiency which in turn rears its ugly head in the form of low job satisfaction and high level of personal and professional frustrations. Other businesses in the area who are often in the position to recruit UTC employees are extremely aware of UTC's bureaucratic work culture and are cautious in hiring ex-UTC employees. Annual survey conducted internally by UTC have consistently revealed low job satisfaction level compared to industry and nationwide averages. UTC also scores poorly in the area of pay and benefits.