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Post by Earthsci on Jan 6, 2012 23:50:56 GMT
What is the difference between UK payroll and US payroll? Will US payroll higher than UK payroll for the same person? How they will determine which payroll you are belong to? By the country of permeanent residence/citizen?
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Post by vpainter on Jan 7, 2012 22:33:38 GMT
Payroll is determined by the passport you hold. If you hold more than one passport you may be able to choose which payroll your paid on.
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Post by GroveWanderer on Jan 9, 2012 11:09:28 GMT
I don't think it's a simple as that. According to the IR Manual:
For instance, I have known various people of different (non-US) nationalities who were on the US payroll. It seems to depend more on permanent residency than nationality. All the people I refer to held US green cards. Apparently that enles you to be hired on the US payroll.
Although from what I can tell, it also depends on point of hire. Even if you have a green card, it seems you will not get on the US payroll unless you are hired through Houston.
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Uman
Senior Member
Posts: 161
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Post by Uman on Jan 10, 2012 10:11:42 GMT
Ive had an offer from Aus.....and on the UK payrole.
The exchange rate variations and potential weakness is the major concern with that, as I expect US $ to appreciate in the future.
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Post by azraeil on Jan 14, 2012 7:16:01 GMT
Those on the Sterling Payroll (but are not UK Citizens) will automatically be enrolled to the Currency Protection Scheme. I believe newcomers will be enrolled to the US Protection Scheme where the GBP is protected against the US Dollar appreciation at the rate on your hiring date (actually at 90% of the rate of your hiring date). Most existing staff on sterling payroll were offered a choice between protecting the GBP against the USD or their Home Currency (I don't believe this was offered to the newcomers though)
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Uman
Senior Member
Posts: 161
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Post by Uman on Jan 14, 2012 7:19:37 GMT
yeah that may be the case but its low now and going lower....
If for say I sign on in March 2012 and its lower than it is now.....the 10% buffer means that my pay could possibly be a lot less than originally expected.... :x
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Post by azraeil on Jan 14, 2012 7:30:42 GMT
Yes, the rate offered for protection is 90% of the rate of the month you joined. So let's say you joined in January 2012, then you should refer to the rate of January 2nd for the official protection rate (e.g. 90% 0f 1.55 USD/GBP or 1.4 USD/GBP or thereabouts)
Please bear in mind that this is the floor, you will only be protected if the GBP goes below that 1.4 rate. If the GBP is trading or the rate is locked (for the month) at 1.6 for example, then your payroll will be at the higher rate etc. etc.
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Post by Oilcowboy on Jan 16, 2012 17:17:12 GMT
There is a specific protection plan based on GBP:AUD, if you are hired out of Aus. Ask your recruitment agent about that. You are correct that you will be at risk until you arrive in Saudi. You will have to open a Saudi bank account in SAR, therefore to complicate matters further your monthly GBP salary will be converted and paid in SAR.
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Post by Carolina on Jan 16, 2012 17:43:24 GMT
o
When you are ready to open a Saudi Bank Account please PM me and I can advise which banks to use and which one to not use.
Carolina
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Uman
Senior Member
Posts: 161
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Post by Uman on Jan 16, 2012 23:57:17 GMT
Thanks Carolina, I appreciate your help in these forums and IF I make it to RT I will be more than looking forward to meeting you in person.
Yes this exchange rate is of concern to me atm.......March or April its looking like for me.....who knows how things will be then, and if its the bottom, then Im locked in at the bottom......if it goes lower then thats some sort of consilation......but still....saving riyal is what we are all there for I assume.
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Post by emzyup on Jan 17, 2012 2:13:24 GMT
o Uman, this interests me also, please check your inbox as I've PM'd you. Thanks!
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Post by tarik on Jan 23, 2012 21:17:51 GMT
Do Canadians follow US payroll? What is the difference between different payrolls?
I'm going to Houston for an interview and would like to get an idea of what are the common benefits and expected pay for Petroleum engineers with 10 years experience.
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Post by Shukur on Feb 18, 2013 12:01:44 GMT
I'm also interested in which banks to use and which not. For your information, I'll be in UK payroll and expected arrival is March'2013.
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Post by DS-Aussie on Mar 5, 2013 0:34:54 GMT
Would appreciate if you could share it with me too. I will PM you once I am there by early April.
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