So a real terms pay cut. Nice to see locals getting 10%+ still. Yet another reason to polish up the resume.
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Clearly you’re just a local low grade corporate lackey, merit %s have been decided. You just aren’t in the know.
They get applied to salary from July.
Troll. Merit increases are mid year, not December.
The pension aspects are basically zero on global unless you stay a minimum of 5 years. Even then it’s a lot less than many will be getting back home, with my old employer who paid in 15% per year, no questions asked.
If you take 15% off your offer immediately, factor in a very poor bonus, below inflation raises, ZERO CAREER PROGRESSION, not to mention the psychological damage of working in an environment where your work is often meaningless….it just becomes just another very short-term Middle East tax saving gig.
Good people won’t touch Aramco with a barge pole on those kind of conditions.
Usual suspects will continue to apply and fill the expat positions with mediocres sycophants who can’t get a job elsewhere…that’s until it’s all saudized in a couple of years time…
It is worse than 30 percent because benefits have been slashed for global payroll. There is practically zero retention bonus. You get JAHA healthcare and vacation, that's it.
New hires aren't staying either. Aramco is turning into a typical middle East employer, where you come for a couple of years if you have zero other options. It isn't a place where you can last until retirement. Don't listen to the guy who worked there ten years ago.
I can tell you right away that vs the offer I got in 2014, the offer now for the exact position was 13% less dollar wise. When you take in account that $1 is equal to $1.26 today, that means a low-ball of 30% vs a 2014 offer.
Don't fully agree with the "coming back home" allegory as being the only ones applying. I believe Saudi Aramco employees during the interview process of "coming back home" and Western born and raised expats have a deliberate unwritten policy of preferentially hiring non-Western orientated individuals of a specific religion. The days of the diverse Saudi Aramco exist only on paper as policy, the Saudi employees involved in hiring practices have their own preference. Only way to fix this is for the Crown Prince to hire an expat CEO and that is not going to happen...
Fact: Aramco can’t hire the best and brightest anymore, it just doesn’t pay enough. Been this way for sometime.
Those recent expats that have accepted in my area are those that will settle for less and are usually from the ‘coming back home’ brigade.
If you think raises are bad, imagine the low-ball offers going out to potential new hires. Aramco has 569 job openings. How many professional expats in total? 3,000? My old group got so short staffed they had to merge it with another one and they still don't have enough skilled labor. The company is literally eating itself.
Yearly pay raises for expats has really suffered over the last decade. Ever since Juma retired. l suppose that the SAIP makes up for some of that. Also, costs to expats
has risen considerably. Crunch your numbers carefully and live l as cheaply as you can, reign the wife in and bank it like there is no tomorrow. IMHO anyway.