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Post by zegodal on Apr 5, 2023 8:56:52 GMT
o everyone,
I have read in many posts in this forum that Saudi Aramco's offers are prepared the following formula:
Current salary+ Current salary×0.2 + Current salary×0.4.
I am wondering if this is right. Also, is the current salary equal to the monthly net pay(after tax) or monthly basic pay(before tax)
Thanks
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Post by arbhatti77 on Apr 5, 2023 10:16:26 GMT
The salary offer depends on the nationality. Americans / europeans get more than Asians and other arab.
For Europeans your formula seems correct, its 1.6 times your current gross.
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Post by zegodal on Apr 5, 2023 10:39:32 GMT
The salary offer depends on the nationality. Americans / europeans get more than Asians and other arab. For Europeans your formula seems correct, its 1.6 times your current gross. Thank you for your answer. I am British and based in London. |
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Deleted
Deleted Member
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Post by Deleted on Apr 5, 2023 13:39:19 GMT
1.6 x net not gross in my experience…
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Post by StarboyX on Apr 5, 2023 18:46:41 GMT
o everyone, I have read in many posts in this forum that Saudi Aramco's offers are prepared the following formula: Current salary+ Current salary×0.2 + Current salary×0.4. I am wondering if this is right. Also, is the current salary equal to the monthly net pay(after tax) or monthly basic pay(before tax) Thanks There's no magic formula. Your salary is dictated by two main factors: passport and current/last salary. Obviously they'll match and exceed by a generous amount otherwise what's in it for you? |
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Post by jakigaga on Apr 6, 2023 16:23:45 GMT
Throughout this forum its been made clear that Europeans and Americans get 1.6 gross. with regards to Asians and africans what is the formula?
Because my gross even with x1.6 is nothing to relocate about. I will assume there is a band for Asians and Africans otherwise this doesn't make sense.
Can any Asian or African shed more light on this?
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Post by sindhieagle on Apr 12, 2023 8:14:48 GMT
I was offered 10% extra from my current gross salary. Base was lower than current + 20% supplement and 10% over base. Had to politely decline. I am Asian with super major. Also, the Annual Travel allowance based on passport and not the permanent residency.
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Post by allokays on Apr 12, 2023 8:43:53 GMT
Throughout this forum its been made clear that Europeans and Americans get 1.6 gross. with regards to Asians and africans what is the formula? Because my gross even with x1.6 is nothing to relocate about. I will assume there is a band for Asians and Africans otherwise this doesn't make sense. Can any Asian or African shed more light on this? Asian from the Tier 1 countries gets 40% overbase such as Singapore, Japan, South Korea and Taiwan. and I understand the 20% supplement is related to years of work experience not nationality. |
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peman00
Member
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Posts: 42
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Post by peman00 on May 3, 2023 21:10:04 GMT
I guess if you want to play their game of net… it was 25% higher net for me after after adding all benefits and tax breaks. The bonus, 401k, and pension which is nit included in that calculation but my current company was better than what SA offered.
When you look at gross, they offered me 20% lower than what i am making. I asked them to match the gross or get in the ball park but as soon as I sent them request, they just went radio silent. The HR person didnt even bother to reply back to my email when I asked if the no answer meant that SA was withdrawing their offer.
I do hear good things from few folks people that I know working with or for SA. So this is the reason I applied but I guess i an already making good money because SA’s offer was easy for me turn down.
So if you wanting to negotiate, please be sure that you are willing to walk away.
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Post by Curiously on May 3, 2023 22:25:36 GMT
I guess if you want to play their game of net… it was 25% higher net for me after after adding all benefits and tax breaks. The bonus, 401k, and pension which is nit included in that calculation but my current company was better than what SA offered. When you look at gross, they offered me 20% lower than what i am making. I asked them to match the gross or get in the ball park but as soon as I sent them request, they just went radio silent. The HR person didnt even bother to reply back to my email when I asked if the no answer meant that SA was withdrawing their offer. I do hear good things from few folks people that I know working with or for SA. So this is the reason I applied but I guess i an already making good money because SA’s offer was easy for me turn down. So if you wanting to negotiate, please be sure that you are willing to walk away. Not trying to give you false hope but I countered and didn’t get a response for 2 months. They came back and met my counter. Later it made sense because they increased my grade code and le to match the pay so had to redo the whole position. There is hope unless they officially turn you down. |
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newbee
Advanced Member
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Post by newbee on May 3, 2023 23:14:51 GMT
I guess if you want to play their game of net… it was 25% higher net for me after after adding all benefits and tax breaks. The bonus, 401k, and pension which is nit included in that calculation but my current company was better than what SA offered. When you look at gross, they offered me 20% lower than what i am making. I asked them to match the gross or get in the ball park but as soon as I sent them request, they just went radio silent. The HR person didnt even bother to reply back to my email when I asked if the no answer meant that SA was withdrawing their offer. I do hear good things from few folks people that I know working with or for SA. So this is the reason I applied but I guess i an already making good money because SA’s offer was easy for me turn down. So if you wanting to negotiate, please be sure that you are willing to walk away. Not trying to give you false hope but I countered and didn’t get a response for 2 months. They came back and met my counter. Later it made sense because they increased my grade code and le to match the pay so had to redo the whole position. There is hope unless they officially turn you down. Was this your first counter or second? And out of interest, how much did they improve by? Was the grade code improvement something that you asked as well? |
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Post by Curiously on May 4, 2023 18:24:49 GMT
I just countered once as the updated offer made sense to me. They increased by about 18-20% when looking at just Base+Premium.
In the end, Net of taxes compared to current job in US I was ~50% higher. Plus I hope to see the benefits of extreme cheap housing and cost of living that are slightly lower…. But let see.
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Post by mikel on May 5, 2023 2:10:52 GMT
I just countered once as the updated offer made sense to me. They increased by about 18-20% when looking at just Base+Premium. In the end, Net of taxes compared to current job in US I was ~50% higher. Plus I hope to see the benefits of extreme cheap housing and cost of living that are slightly lower…. But let see. |
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Post by mikel on May 5, 2023 2:11:27 GMT
Please keep us in the loop.
Where are you based ?
Thank you
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ahmedsaad
Newbie
Any idea about the grade related to Arabian PM and the expected package?!
Posts: 9
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Post by ahmedsaad on May 6, 2023 12:10:29 GMT
The salary offer depends on the nationality. Americans / europeans get more than Asians and other arab. For Europeans your formula seems correct, its 1.6 times your current gross. |
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