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Great projects but low compensation

Product Development Engineer
Current Employee
Has worked at KLA for less than 1 year
February 15, 2022
Milpitas, California
2.0
Doesn't RecommendPositive OutlookDoesn't Approve of CEO
Pros

The company has great challenging products and some smart people.

Cons

Low compensation - When answering a question on 7% inflation (CY22) and how KLA is keeping up with it, the CEO responded that those who work in KLA shouldn't be motivated by compensation. For those who do look for financial motivations should look for other companies. This slipped out 40 mins after saying contradicting statements that KLA is ensuring compensations are competitive.

Age diversity is a problem and often creates project/product hiccups. COVID overworked environment starting to take a toll and compensation is not enough for the extra amount of work put in.

They are giving new hires higher base pay but the medium projection will equalize. Some employees who stay long term don't really care about the company's success. Those who do leave early due to better opportunities or KLA's inability to keep talent.

This company has management problems and cannot be fixed if the head is behaving like that.

Advice to Management

Stop BS-ing compensation when it's clear that KLA is losing out on talent... It's no longer capable of hiring people from top 5 engineering programs. Get real.

Additional Ratings

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

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