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Like all companies, we try to hire the best talent available. This selection process definitely shows by the impact that our engineers have had in helping create an ecosystem of products that are changing the world on a daily basis.
Conversations regarding compensation are never easy, so thank you for providing your feedback. We know that real estate prices in Cambridge have gone up over the last few years and unfortunately, that is something outside of our control. We are open and transparent about the bonus payout, and while we had a very good year, we did not reach the threshold to reach the maximum payout.
In the short term share prices are tied to performance, as well as to many forces out side our control. An example of this is our last quarter earnings results. Even though we had 22% YOY increase in revenue and a 32% increase in pretax profit, our stock prices dropped 6.4%, which analysts put down to a partner’s financial results not meeting market expectations. However on the longer term view the ARM share price has historically provided an excellent return. We would hope that people who choose to work with us are passionate about what we do and share in the belief that our brilliant people, business model and strategy will continue to grow the company and share price long into the future.
Salaries in different locations such as the US and UK will always show large variations. The cost of doing business, market norms and competition for talent varies hugely however we always aim to be highly competitive. Taxes, cost of living, wage inflation and other factors also play into what we pay and finally exchange rates will also fluctuate, so comparing salaries with your colleagues abroad is a moving target.
All that being said, do know that we are reviewing compensation levels across all offices and groups. Once completed, salaries will be adjusted as needed. We are also implementing the new AFDS platform, which will allow for more frequent communication between you and your line manager, which can help with annual pay increases when reflecting back on your success from the past year.
-Rick C.
Social Recruiting Manager
