a3
Member
Posts: 11
|
Post by a3 on Apr 5, 2023 4:19:42 GMT
Got a question on how GC works out. GC13 is ~15-20 years, GC14 is 20-25 yrs experience, and GC15 is 25-30 years experience? Is that how it's "allocated" in general?
Another question is on offer negotiation. I'm genuinely confused by some responses in the forum. Is the general experience that Aramco will only give ~60% uplift (total package to total package comparison including health insurance benefits, air ticket allowance, kids education allowance, overbase, supplements, bonus, iqama fees, housing fees, entry exit visa fees, and zero tax)? Some people keep talking about 'base' to 'base' comparison and the details are all lost in the wash.
If we do the maths simply, if one person gets taxed say 35% on their total (let's call it US$250k package for now), in their current job they'll get $162.5k. If Aramco gives $250k package (tax-free), then it's going to be 250/162.5 = 54% uplift on a net take-home pay. Hence, a few of you had been saying it's mostly just a tax benefit that Aramco is giving nowadays?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 6, 2023 21:11:50 GMT
Got a question on how GC works out. GC13 is ~15-20 years, GC14 is 20-25 yrs experience, and GC15 is 25-30 years experience? Is that how it's "allocated" in general? Another question is on offer negotiation. I'm genuinely confused by some responses in the forum. Is the general experience that Aramco will only give ~60% uplift (total package to total package comparison including health insurance benefits, air ticket allowance, kids education allowance, overbase, supplements, bonus, iqama fees, housing fees, entry exit visa fees, and zero tax)? Some people keep talking about 'base' to 'base' comparison and the details are all lost in the wash. If we do the maths simply, if one person gets taxed say 35% on their total (let's call it US$250k package for now), in their current job they'll get $162.5k. If Aramco gives $250k package (tax-free), then it's going to be 250/162.5 = 54% uplift on a net take-home pay. Hence, a few of you had been saying it's mostly just a tax benefit that Aramco is giving nowadays? That’s exactly it. Just a tax saving, which is still a significant amount if you come from a place that has high income tax rates. For me I was on ~GBP220K base, and Aramco offered the same amount converted to USD at the prevailing rate at the time… |
|
|
|
Post by Curiously on Apr 7, 2023 16:23:33 GMT
GC13 might go from 10-18 years based only my experience. But agreed that its the tax savings that makes the most difference.
|
|
|
|
Post by newmember on Apr 12, 2023 20:36:00 GMT
I got the impression from other responses in the forum that Grade GC 13 or 15 really does not matter as long as the salary is correct.
I was told that higher grades are only offered to locals now a days.
|
|
|
|
Post by golu on Apr 14, 2023 12:38:04 GMT
During the annual increase, if GC code is low and you are on the higher side of the salary band in that GC code range, your salary increase will be less.
|
|
|
|
Post by newmember on Apr 14, 2023 18:19:49 GMT
During the annual increase, if GC code is low and you are on the higher side of the salary band in that GC code range, your salary increase will be less. I thought annual salary increase based on the percentage of the base salary. If that is the case, it should not be affected unless the maximum range of the grade is reached? |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 15, 2023 8:26:40 GMT
I really wouldn’t expect an increase at all. It’s not guaranteed. Do not factor this into your reasons for joining! Last year most expats i know got either zero or less than 1% uplifts…Saudi nationals got double figure rises in my team though!! |
|
|
|
Post by vngrtr on Apr 15, 2023 20:22:56 GMT
My expirience on offer negotiation: recently received on offer on the global payroll. Initially got a base pretty much equal to my gross salary (even though my country income tax is quite low and i had a substantial annual bonus). After 2 iterations managed to raise the base on ~35%, which made my revised package equivalent to approx 2x my current net package.
|
|
asra
Member
Posts: 40
|
Post by asra on Apr 16, 2023 15:50:40 GMT
My expirience on offer negotiations: recently received on offer on the global payroll. Initially got a base pretty much equal to my gross salary (even though my country income tax is quite low and i had a substantial annual bonus). After 2 iterations managed to raise the base on ~35%, which equivalent about 2x my current net package. Great job , which country you are coming from ? What grade did they offer you ? I am in the same position right now from US |
|
|
|
Post by vngrtr on Apr 16, 2023 18:06:27 GMT
My expirience on offer negotiations: recently received on offer on the global payroll. Initially got a base pretty much equal to my gross salary (even though my country income tax is quite low and i had a substantial annual bonus). After 2 iterations managed to raise the base on ~35%, which equivalent about 2x my current net package. Great job , which country you are coming from ? What grade did they offer you ? I am in the same position right now from US I'm from CIS region. GC13. |
|
newbee
Advanced Member
Posts: 50
|
Post by newbee on Apr 17, 2023 22:19:01 GMT
Can I just check which part of Aramco are you looking to join? I am in the same situation where I have an offer from them in Corporate Finance at GC13. They looked at my base (while I also get very sizeable bonus) and essentially just offered the same in USD gross salary (as a combination of base salary, standard over base and benefits supplement). I pushed back once and they improved it by 10% but I pushed back again saying that they have completely ignored my bonus and it took them a few weeks to come back to me to say that won't increase this any further and it is take it or leave it. So essentially now where it takes me is just that the total salary at Aramco will be just slightly better than the total net (base and bonus) I get currently.
|
|
|
|
Post by par on Apr 18, 2023 0:30:26 GMT
Can I just check which part of Aramco are you looking to join? I am in the same situation where I have an offer from them in Corporate Finance at GC13. They looked at my base (while I also get very sizeable bonus) and essentially just offered the same in USD gross salary (as a combination of base salary, standard over base and benefits supplement). I pushed back once and they improved it by 10% but I pushed back again saying that they have completely ignored my bonus and it took them a few weeks to come back to me to say that won't increase this any further and it is take it or leave it. So essentially now where it takes me is just that the total salary at Aramco will be just slightly better than the total net (base and bonus) I get currently. I am wondering that if the offered salary is simliar to the current job, would it be a reason to accept the offer? Considering, in most cases, people take this job for the money. |
|
jrs
Senior Member
Posts: 379
|
Post by jrs on Apr 18, 2023 6:54:12 GMT
Can I just check which part of Aramco are you looking to join? I am in the same situation where I have an offer from them in Corporate Finance at GC13. They looked at my base (while I also get very sizeable bonus) and essentially just offered the same in USD gross salary (as a combination of base salary, standard over base and benefits supplement). I pushed back once and they improved it by 10% but I pushed back again saying that they have completely ignored my bonus and it took them a few weeks to come back to me to say that won't increase this any further and it is take it or leave it. So essentially now where it takes me is just that the total salary at Aramco will be just slightly better than the total net (base and bonus) I get currently. I am wondering that if the offered salary is simliar to the current job, would it be a reason to accept the offer? Considering, in most cases, people take this job for the money. |
|
jrs
Senior Member
Posts: 379
|
Post by jrs on Apr 18, 2023 7:07:20 GMT
Did u account for the annually bonuses that Aramco pays, although not guaranteed like any other company?
I’ve been here for a short time, so haven’t received one yet, but hearing that it pays 15 to 25 percent of base depending on company’s & individual performance and of course you have to account for a decrease in your effective income tax rate.
|
|
|
|
Post by vngrtr on Apr 18, 2023 7:19:46 GMT
Can I just check which part of Aramco are you looking to join? I am in the same situation where I have an offer from them in Corporate Finance at GC13. They looked at my base (while I also get very sizeable bonus) and essentially just offered the same in USD gross salary (as a combination of base salary, standard over base and benefits supplement). I pushed back once and they improved it by 10% but I pushed back again saying that they have completely ignored my bonus and it took them a few weeks to come back to me to say that won't increase this any further and it is take it or leave it. So essentially now where it takes me is just that the total salary at Aramco will be just slightly better than the total net (base and bonus) I get currently. I’m in finance as well. |
|
