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Too low salaries :(

Principal Software Engineer
Current Employee
Has worked at Cadence Design Systems for 4 years
December 19, 2022
Brussels, Belgium
2.0
Doesn't Recommend
Pros

Attempts to meet the most modern requirements.

Cons

Too low salaries, 3-4 times lower than that of employees in the USA.

No pay raise in the last two years since Cadence acquired Numeca. The salary level is equivalent to 60% of the Belgian average for eligible positions in IT. Despite inflation of about 15%, no salary increase is foreseen. If the company remained Belgian, salaries would have to be indexed to inflation. But since the company was bought by Cadence the salary was not indexed. Lack of career growth.

Advice to Management

We should increase the salaries of the Belgian branch by 60%.

Additional Ratings

Work/Life Balance
4.0
Culture and Values
3.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
1.0
Compensation and Benefits
1.0
Senior Management
2.0

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