13 apr 2017
Reactie van Arm
8yThank you for leaving a review and acknowledging the open atmosphere and work/life balance that is core to ARM culture. However, some of your other feedback is concerning, and I would like to take this opportunity to address some of the issues.
Since the Softbank acquisition last year, RSU grants were replaced with a cash plan that includes Launch Awards and annual Partnership Awards. While a pure cash plan could “reduce employees’ tie to the company”, our employees’ positive response to ‘Retention and Reward’ in our annual Engagement Survey has increased significantly since the move from RSUs to cash. In fact, ARM positive response to the statement ‘I think I’m rewarded fairly for the work I do’ is 15 percentage points higher than other High Performing Companies. We expect the positive response to increase even further when we roll out the Flex Pot benefit later this year (the “replacement for ESPP” that you mention).
Between ARM’s generous salaries, increased annual bonus targets, excellent medical plans, 401k match, amazing new Austin office space (with coffee shop, gym, basketball/soccer facilities, and subsidized cafeteria), and aforementioned Launch/Partnership Awards, most employees find ARM to be anything but “cheap”.
Finally, regarding promotions: we promote based on merit and the value that each employee brings to the role. With significant growth forecasted, there will be plenty of opportunities to move on to larger opportunities. We encourage employees to have regular development discussions with their line manager and create development objectives. I encourage you to continue developing your skillset by visiting our Talent Development Intranet page and reviewing the extensive training that is available.
Again, I appreciate your advice and your review of work experience at ARM!