ikh
Member
Posts: 17
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Post by ikh on Feb 26, 2014 2:15:09 GMT
Hi,
I am on Sterling payroll and my offer states benefit supplement of 0.23 and saudi aramco Incentive plan with target payout of 1.6 times monthly base salary. Can someone shed some light on what Incentive plan is, when it is paid, whats its eligibility, and how it is different from benefit supplement?
Thanks in advance,
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ikh
Member
Posts: 17
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Post by ikh on Feb 26, 2014 2:47:07 GMT
Benefit supplement= Annual benefit supplement
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Post by gareth0127 on Feb 26, 2014 5:37:52 GMT
The benefit supplement is 23% of your basic salary paid on each anniversary of your hire date. This is in lieu of traditional pension etc.
The incentive plan is an annual payment based upon your annual performance review and has different multiplication factors depending on grade code and company performance
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ikh
Member
Posts: 17
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Post by ikh on Feb 26, 2014 12:40:40 GMT
Thanks gareth.
So if I understand right, Incentive plan is similar to annual bonus/ cash compensation?
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