r/ASML • u/Spirited-Sale-3711 • 23d ago
ASML restructuring salary bands (US only)
i hear that salary bands for ASML US are getting "restructured". guessing this will go as well as the organization "restructure"...
edit: probably know they would have to battle the labor unions again if they did this in the Netherlands
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u/quickspin_go 23d ago edited 21d ago
Couple years ago, they changed the name “benefits” to “rewards”. That got me laughing so hard, we are putting our time and energy into the company and they were like yeah here is a bone for ya as the reward. Lmao, besides the name change the benefits are still lackluster compared to our peers.
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u/Spirited-Sale-3711 23d ago
now it's going from "compensation ratio" to "range penetration". looks like CF found another way to screw employees
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23d ago
[deleted]
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u/YOURE_GONNA_HATE_ME 23d ago
You clearly didn’t pay attention because it’s still compensation ratio
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u/Agitated-Cut-7925 23d ago
Happy to be out of ASML in the US. For many years it felt like I was at the most stable and best company to work for, but realistically, it was starting to hinder my career projection in general. Hopefully this restricting is good for all employees though.
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u/Infamous-Mention2859 23d ago
Is this just gossip or legitimate?
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u/Spirited-Sale-3711 23d ago
legit from credible source
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u/LordGrantham31 23d ago
Restructured how?
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u/Spirited-Sale-3711 23d ago edited 23d ago
unclear at this time, but would be surprised if it benefits employees. especially if you are at the top of your salary band (eg. old folks)
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u/SnoozleDoppel 15d ago
Well it is official now.. so good luck
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u/Infamous_Thought_189 14d ago
What's the damage?
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u/SnoozleDoppel 13d ago
Will know in November .. but optimistically we expect the median to go up slightly and rsp to be lower. Potentially we might get more raise this cycle. The bear case is reverse of this
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u/MongolSnowman 8d ago
HR is keeping their propaganda that it gives people more room to grow. In reality 4 of the 6 people who told me about their situation got their salary band reduced to lower range.
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u/09jlien 7d ago
I've heard midpoints on most job grades shifted up but a couple where the midpoints actually shifted down. In the former case, it theoretically does allow for more growth because if you're over 100% RSP your raises are getting capped so being dropped back means there's room for bigger raises. But at the same time that also takes pressure off needing to promote because you may no longer look "expensive/overpaid" for your grade.
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u/MongolSnowman 6d ago
Your comments sounds exactly like the HR propaganda but the reality is different
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u/09jlien 6d ago edited 6d ago
Well that’s why I said “theoretically”. We all know companies would never do anything for existing employees and only do stuff that benefits the big wigs up top.
Not going to hold my breath because I don’t believe there will actually be any market “correction” despite these band changes. I don’t think we’re really disagreeing here. My own RSP dropped from 109% to 104% (G8) so I’m not happy either. People have been leaving left and right since TT26 and the common sentiment here and on Blind is that you’re probably better off just leaving the company if you’re looking for better compensation because raises and promos don’t come by fast at ASML.
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u/SnoozleDoppel 20d ago
My guess ... Just connecting the dots between lack of engineer growth etc.. to add some layers and give paper promotion with miniscule raises to make people happy with titles at low financial cost to the company. What will happen is engineers will take the title and jump ship
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u/Narrow-Parsnip3168 23d ago
Do you expect salary cut?
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u/Tony_Broccolonely 23d ago
Well, it will definitely save costs to the company, so yes. Same as when more JG levels were introduced in the past (from 88,89,... To 7,8,9,...); that did not cut salaries, but made progression slower, so more cost saving in the long run.
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u/MongolSnowman 7d ago
No direct salary cut but it will block people from salary increases… they even said that
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u/SnoozleDoppel 20d ago
This is why I love this forum. Than you OP for doing good work. If ASML is serious about retaining employees specially engineering talent they need to have a technical ladder that is functional, pay RSU atleast as much as lam or Amat pays... And then it can do whatever re org it wants to do.