Saudi Aramco Compensation
Sterling Payrolls
Saudi Aramco offers a highly competitive compensation package for international expatriate employees working in Saudi Arabia on the Pound Sterling and Euro payrolls. This package is designed to attract and retain the technical skills, expertise and competencies required by the company from around the world (including UK, Europe, Ireland, Australia, New Zealand, South America, Mexico, and South Africa). Compensation, which employees receive on a monthly basis, consists of a base salary, an ‘overbase’ payment, and an annual benefits supplement.
Base Salary
The base salary is designed to provide international employees with a salary comparable to that earned for similar positions in the oil industry. Saudi Aramco periodically participates in salary surveys to assure that its salary structures are competitive with other leading energy companies. Payroll currency may be in Sterling Pounds or Euros depending on employee nationality.
Standard Overbase
The objective of the overbase is to provide a pay incentive to accept and remain in overseas employment.
Annual Benefits Supplement
This is an annual cash payment equal to 19% of annual base salary provided to finance individual insurance and retirement/savings arrangements in addition to the benefits provided by Saudi Aramco. The employee is free to choose how he spends this payment.
Other Compensation Elements
In addition to the three basic compensation components described above, an employee’s annual compensation may also include:
Repatriation Allowance – All employees are paid on an annual basis, the cost of a round-trip fare from Saudi Arabia to their point-of-origin. The amount paid is to cover the travel costs for the employee and eligible dependents residing in Saudi Arabia.
Educational Assistance – Since Saudi Aramco Schools only run through grade 9, the company reimburses employees up to established limits to enroll their eligible dependents in private schools and to cover the cost of a specified number of trips from Saudi Arabia to the school location. The reimbursement is paid on an annual basis.
Specified Location Allowance – Saudi Aramco operates in various locations throughout Saudi Arabia. Should an employee be assigned to a work location that the Company specifies as a remote location, the employee will receive an allowance that will be paid on a monthly basis.
Overtime/Shift Premium – Should an employee be assigned to a location or function that requires scheduled overtime or non-standard work hours, additional compensation will be paid on a monthly basis.
