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Post by willybee24 on Aug 2, 2022 18:24:32 GMT
Thanks for your honesty! Are you at all worried about not closing your position by year end? I have been told that due to budget reasons, they have to close the position quickly which may limit negotiation timing. This actually gives you negotiating power, they have to close the deal, because if runs beyond year end the depts budget disappears and to get that again is a monumental ballache… Use it to your advantage. I’m new to the group and am still really early on in the process. Trying to weigh the pros and cons. Is it just base + 25%? Or are these negotiations talking about the supplemental portion I’ve read about in other posts? Also, any insights on timing from application to offer would be great. |
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jrs
Senior Member
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Post by jrs on Aug 2, 2022 23:19:42 GMT
This actually gives you negotiating power, they have to close the deal, because if runs beyond year end the depts budget disappears and to get that again is a monumental ballache… Use it to your advantage. I’m new to the group and am still really early on in the process. Trying to weigh the pros and cons. Is it just base + 25%? Or are these negotiations talking about the supplemental portion I’ve read about in other posts? Also, any insights on timing from application to offer would be great. |
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jrs
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Post by jrs on Aug 2, 2022 23:24:23 GMT
Timelines from app to offer has been discussed at exhaustion on this website. Just search for “timeline” or “application status”. It varies from 4 months (considered quick) to well over a year.
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Post by willybee24 on Aug 3, 2022 12:58:09 GMT
Timelines from app to offer has been discussed at exhaustion on this website. Just search for “timeline” or “application status”. It varies from 4 months (considered quick) to well over a year. This was more a question about the salary ranges. I had read that it was typically base+40%+20% supplemental (not including bonuses, etc). Basically wondering if that is still the normal equation. |
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jrs
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Post by jrs on Aug 3, 2022 14:40:39 GMT
Yes, that is correct. Maybe the premium is in the 30 to 40 percent not a consistent 40% and I think your supplement is inline; however, I believe in recent years Aramco has been low balling on the base pay for initial offers. In other, words offers a base pay lower than your current salary. That’s the component you need to counteroffer/negotiation up, if they come in low.
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Post by goingworldwide on Aug 3, 2022 20:22:50 GMT
Were you able to negotiate close or over your current base pay? I really hope they account for the time of year and forego the usual low balling that seems to be normative with recent offers.
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jrs
Senior Member
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Post by jrs on Aug 3, 2022 23:06:14 GMT
I’m not at that point yet. I have a second round interview on Tuesday with the GM of dept I applied to. I have a friend that was there from 2008 until March of this year. Below is his quote regarding Aramco offers in recent years, “In my experience, you may be the perfect fit but some VP will veto the level of offer necessary to actually get you to accept!! Then they will hire someone from lower cost payroll. I’ve seen it over and over.”
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jrs
Senior Member
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Post by jrs on Aug 3, 2022 23:13:10 GMT
Oil is near $100bbl, so you would think that would help w/ higher offers?
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Post by kalbigrill on Aug 4, 2022 1:21:47 GMT
They gave me an offer of something that's close to my current base pay plus a 24% expat premium. So that's much lower than the 30-40% I've been reading about. I think it's because I'm already fairly high in my current pay according to market.
GC14 level. I'm negotiating for a 20% increase in pay and GC15.
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Post by obidient on Aug 7, 2022 0:22:46 GMT
I was wondering this as well Jamall, I am waiting on the first offer. If you don’t mind me asking, what % increase did you ask for? So I asked for over 25% increase on my base salary as my current salary isn't close to the market value. so I countered with what the current market value for my role plus some extra. They have came back with a 10% base increase, I have now countered to see if they can do a little better. so now it's a waiting game.
I am in a same situation, do you have any update?
Did they up their offer after your second counter? I was offered GC12. If you can pm me, that will be greatly appreciated.
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Deleted
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Post by Deleted on Aug 7, 2022 9:24:19 GMT
They gave me an offer of something that's close to my current base pay plus a 24% expat premium. So that's much lower than the 30-40% I've been reading about. I think it's because I'm already fairly high in my current pay according to market. GC14 level. I'm negotiating for a 20% increase in pay and GC15. You’re being lowballed. Don’t compromise you’ll only regret it in a few months when you resize you sold yourself short. I’ve seen GC14 @ USD170k base |
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peman00
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Post by peman00 on Aug 7, 2022 18:01:59 GMT
They gave me an offer of something that's close to my current base pay plus a 24% expat premium. So that's much lower than the 30-40% I've been reading about. I think it's because I'm already fairly high in my current pay according to market. GC14 level. I'm negotiating for a 20% increase in pay and GC15. You’re being lowballed. Don’t compromise you’ll only regret it in a few months when you resize you sold yourself short. I’ve seen GC14 @ USD170k base I guess for you to go above $200k base then you need to be GC15??? Anyways for this whole 40+20 thing… it only works out when you look at net pay vs what you are making now…. It is a bit underwhelming… maybe times have changed… even the pension isnt that great compared to stories of the past… |
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Post by ghzhujwmao on Aug 7, 2022 22:34:07 GMT
They gave me an offer of something that's close to my current base pay plus a 24% expat premium. So that's much lower than the 30-40% I've been reading about. I think it's because I'm already fairly high in my current pay according to market. GC14 level. I'm negotiating for a 20% increase in pay and GC15. You’re being lowballed. Don’t compromise you’ll only regret it in a few months when you resize you sold yourself short. I’ve seen GC14 @ USD170k base GC14 @$170K base is not that high though. I believe somebody got $200k with GC14 |
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Post by kalbigrill on Aug 8, 2022 1:59:04 GMT
There is no more pension. Only the 401(k) match, which is fairly generous at 9%.
The base is important, but if there are business class seats at GC15, that might even be more significant. I don't know if it's only for relocation or if it's for your annual travel credits too. If it's for annual travel, then that would be huge as it would make a big difference for families flying with little ones.
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Deleted
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Post by Deleted on Aug 9, 2022 8:11:32 GMT
Business class only applies to the initial flights over, and your flights out after you’ve resigned. ‘repat’ holidays are paid as economy only regardless of grade.
The pension is non-existent for global payroll, and was killed a few years back. If you hang around 5 years you get a small five figure amount. Factor in needing to save 20% yourself into a pension per month.
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