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Post by star5 on Jun 2, 2022 19:43:50 GMT
If you don't mind me asking, what did you put down as your salary expectations? I asked around 20% higher then my current net base. Thanks - appreciate it. I was a little confused about this question because they also ask for the last 3 months pay slips and I thought there was a set formula on how the compensation is calculated so not sure what they're getting at with this. |
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Post by scaustan on Jun 3, 2022 0:12:27 GMT
Typical formulae is your current base + 40% overbase + 20% supplement + yearly bonus (x% of you early base) + travel allowance. Don't be surprised if your offered base is 15-20% less than your current base.
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Post by Humash on Jun 3, 2022 4:34:58 GMT
Is there any room for negotiations specially if they already matched the base + 40% + 20%  |
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peman00
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Post by peman00 on Jun 3, 2022 7:41:05 GMT
Is there any room for negotiations specially if they already matched the base + 40% + 20% I heard to becareful about counter offering. Heard from a friend that he knows of an engineer that countered and then never really heard back since. As in all cases, when you counter, you take the risk of them just moving on to an another candidate. |
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Post by ahd2022 on Jun 3, 2022 9:27:36 GMT
Typical formulae is your current base + 40% overbase + 20% supplement + yearly bonus (x% of you early base) + travel allowance. Don't be surprised if your offered base is 15-20% less than your current base. Yes, they did the same with me, they offered the base salary 15% less than my current salary, and I was really disappointed and angry. I decided to negotiate them and was worried about they turn away. But next day they came back to me matching my current salary ( + 40% + 20 % ), but this was not good way of offering for me to be honest. I am not sure if they did like that with all candidates or not. |
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peman00
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Post by peman00 on Jun 4, 2022 7:06:35 GMT
Typical formulae is your current base + 40% overbase + 20% supplement + yearly bonus (x% of you early base) + travel allowance. Don't be surprised if your offered base is 15-20% less than your current base. Yes, they did the same with me, they offered the base salary 15% less than my current salary, and I was really disappointed and angry. I decided to negotiate them and was worried about they turn away. But next day they came back to me matching my current salary ( + 40% + 20 % ), but this was not good way of offering for me to be honest. I am not sure if they did like that with all candidates or not. Well thats great news. So did you end up taking their updated offer? I am still waiting for my official offer to come in. |
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arcticengineer
Senior Member
Posts: 180
Job Status: Accepted Aramco Job
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Post by arcticengineer on Jun 4, 2022 13:00:34 GMT
Typical formulae is your current base + 40% overbase + 20% supplement + yearly bonus (x% of you early base) + travel allowance. Don't be surprised if your offered base is 15-20% less than your current base. Yes, they did the same with me, they offered the base salary 15% less than my current salary, and I was really disappointed and angry. I decided to negotiate them and was worried about they turn away. But next day they came back to me matching my current salary ( + 40% + 20 % ), but this was not good way of offering for me to be honest. I am not sure if they did like that with all candidates or not. I felt the same way when my base offer was less than my base salary, I expected an offer at least as much as base or 10% more. I didn't give them a number as a counter offer but asked if they could do better as I didn't find their offer sufficient. They revised their offer and bumped it up a bit. As I spent time considering the offer and finding out I would be stationed at one of the smaller camps I asked again if that was the best they could do and they bumped it up a little more. In the end it was still less than my then base pay but enough when I weighed everything out to accept the offer. Aramco really has been cutting back on pay to contractors and expenses in camps and benefits. The golden days I heard about in the past century are gone, but the pay is still excellent and bonuses have been good. The real question you have to answer for yourself is what are you giving up being away from your home country. That is an individual decision and you can't say what you give up is worth so many $. I haven't regretted the decision to join Aramco and have enjoyed the experience, but I have given up a lot in terms of what I am missing at home. No amount of money compensates for the years lost at home. I wouldn't feel any different if I made 10-20% more. |
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Post by cowboys on Jun 7, 2022 0:44:06 GMT
What does this mean in recruitment process. "Thank you for your efforts so far. Your recruiter will connect to you when we can continue the process".
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Deleted
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Post by Deleted on Jun 7, 2022 18:49:15 GMT
Typical formulae is your current base + 40% overbase + 20% supplement + yearly bonus (x% of you early base) + travel allowance. Don't be surprised if your offered base is 15-20% less than your current base. Yes, they did the same with me, they offered the base salary 15% less than my current salary, and I was really disappointed and angry. I decided to negotiate them and was worried about they turn away. But next day they came back to me matching my current salary ( + 40% + 20 % ), but this was not good way of offering for me to be honest. I am not sure if they did like that with all candidates or not. They did the same to me too. It’s a tactic they employ, some fall for it and the “tax savings” ruse . I was able to get about 10% above my base, so in total about 70% more than back home. Does depend on your role and area, if you’re in high demand you can command more. |
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Post by StarboyX on Jun 7, 2022 19:45:15 GMT
Your previous salary will be matched and exceeded, o/w what's your incentive to move, right?
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Post by georahman on Jun 14, 2022 5:59:54 GMT
First of all Congrats! What I heard that the typical formula is Base Pay + 10% or 20% base overpay or expat allownace Plus you have to consider the no tax pay on your salary and the free housing and schooling provided by Aramco. I am also in the same boat and waiting for offer since I submit payslips three weeks before. It's Base pay + 40% overbase + 20% monthly benefits supplement. Do they consider gross salary as base or net income? |
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jrs
Senior Member
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Post by jrs on Jun 14, 2022 12:44:47 GMT
It's Base pay + 40% overbase + 20% monthly benefits supplement. Do they consider gross salary as base or net income? |
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jrs
Senior Member
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Post by jrs on Jun 14, 2022 12:46:45 GMT
Really? If it was net income (gross less your home country's income taxes) considered as your base + premium, I don't think anyone would be going to Aramco. It's obviously gross pay + premium.
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Post by jammal on Jun 15, 2022 18:09:22 GMT
Good Afternoon everyone,
New member here and this forum has been a godsend. Like many of you, I am on the same boat, they did ask for my pay stub and transcript, and currently waiting on the next step. I do have some questions maybe one of you might be able to help me out?
1) they sent me this onboarding email, where we have to submit some documents, and there are due dates on those. I haven't received offers yet are those still mandatory?
2) I am a Canadian citizen, so based on this thread it has been mentioned they match your pay but I am curious do they take forex exchange into the account or it is just transferred to USD (eg if my base is 100K CAD would they match 100K CAD and offer 87K USD or would they just covert that 100K to USD)
3) how do they account for RRSP (401K), stock options, and saving plans that we have with our current employer?
Thank you in advance for your assistance
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raul
Member
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Post by raul on Jun 15, 2022 21:17:28 GMT
Good Afternoon everyone, New member here and this forum has been a godsend. Like many of you, I am on the same boat, they did ask for my pay stub and transcript, and currently waiting on the next step. I do have some questions maybe one of you might be able to help me out? 1) they sent me this onboarding email, where we have to submit some documents, and there are due dates on those. I haven't received offers yet are those still mandatory? 2) I am a Canadian citizen, so based on this thread it has been mentioned they match your pay but I am curious do they take forex exchange into the account or it is just transferred to USD (eg if my base is 100K CAD would they match 100K CAD and offer 87K USD or would they just covert that 100K to USD) 3) how do they account for RRSP (401K), stock options, and saving plans that we have with our current employer? Thank you in advance for your assistance As far as i know uploading documents on silk road is mandatory... They apply the forex rate... In my case i sent them my yearly statement including all the benefits i recieve from my company so they can account for all those in total compensation... |
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