Compensation and Benefits
::Ho m e
http://www.jobsataramco.com/Home/CompaBen.aspx
::J o b O p po rt un it ie s
::O ur Co m pa pa ny
:O ur C o m m unit y
::Co m p e ns a t io n a nd B e ne f it s
Compensation & Benefits Saudi Aramco offers highly competitive compensation and benefits packages. These packages are designed to attract and retain the technical skills, expertise and competencies from expatriates around the world. The long service of so many employees is testimony to the fine overall package provided by Saudi Aramco. Compensation which employees receive consists of a base salary, plus overbase payments/premiums designed to provide an incentive to accept and remain on an expatriate assignment. There are differences among employees recruited from different markets. Other Compensation Elements In addition to the basic compensation described above, an employee’s compensation and benefits package may also include: Retirement, Savings and Insurance Plans – Depending on the specific payroll, the employee receives either a company funded retirement plan, a company matched savings plan and a range of insurance plan options, or an annual cash payment equal to 17% - 19% of annual base salary that allows the employee flexibility to make his own insurance an d saving decisions, in addition to specific benefits provided by Saudi Aramco. Aramco. Severance Award - In accordance with Saudi labor law, a severance award is payable by the Company to employees who leave after two years, or more, satisfactory service. The severance award is based on length of continuous service and final pay. The severance award can be a substantial benefit for longer-service employees. For example, an employee with ten years of service would receive a severance award equal to 7.5 times monthly final pay. In the case of employees eligible for a Company-provided retirement/pension program, the lump-sum or annuity payment will be off-set by the Severance Award. Repatriation Allowance – All employees are paid on an annual basis, the travel costs from Saudi Arabia to their point-of-origin for the employee and each eligible dependent residing in Saudi Arabia. Educational Assistance – In addition to local schoo ling options, the Company reimburses reimburses employees, up to established limits, to enroll their eligible dependents in private schools overseas. The age at which the dependent can enroll in an overseas private school varies according to the employee's payroll. Also, the Education Assistance Program covers the cost of a specified number of trips from a private school location to Saudi Arabia. These travel costs are also covered for eligible dependents that are attending college.
Specified Location Allowance – Saudi Aramco operates in various locations throughout Saudi Arabia. Should an employee be assigned to a work location that the Company specifies as a remote location, the employee will receive an allowance. Overtime/Shift Premium – Should an employee be assigned to a location or function that requires scheduled overtime or non-standard work hours, additional compensation will be paid on a monthly basis. Annual Vacation – Based on payroll and salary code, employees earn up to 38 calendar days vacation each year in addition to an extra two to four ‘travel days’. Company Compan y Holid Holidays ays - In addition to annual vacation entitlements, employees are typically granted between 9 and 11 days as paid holidays each year. Personall Effects Shipment – The Company pays for and arranges the shipment of personal effects from the employee’s point of origin to Saudi Persona Arabia, and returns them when employment employment in Saudi Arabia is terminated. E-mail Scam Warning E-mail fraud schemes are currently circulating on the Internet that use the name of the Company or of its employees or logo to solicit job applications or contract proposals. These schemes typically require job candidates to pay job-application or processing fees or purchase equipment or software. We recommend that you ignore all such unsolicited e-mails. This warning is issued to the general public as a public service. Aramco Services Company, its affiliates, and their agents will not be liable for any losses incurred as a result of these unauthorized fraudulent activities. Copyright © 2006 Aramco Services Company Aramco Services Company, headquarted in Houston, Texas, operates this site. ASC, as we are commonly known, provides a wide range of services to one of the world's largest oil companies - our parent company, Saudi Aramco. One of the key services that we provide is the recruitment of professional personnel for Saudi Aramco's operations in Saudi Arabia.
1 f1
29 6 10 9 22
