2016-7-12 2014 REVIEW OF STAFF COMPENSATION FOR THE WORLD BANK GROUP June 12, 2014. World Bank Group, the salary structure or salary scale has 11 salary ranges from GA to GK. Saudi Aramco Salaries trends. 93 salaries for 51 jobs at Saudi Aramco in Saudi Arabia. Salaries posted anonymously by Saudi Aramco employees in Saudi Arabia. Aramco Salary Scale Pdf In Autocad. 5/16/2017 0 Comments Aramco Salaries in United States. 2017-2018 TEACHER SALARY SCALE.pdf. 2017-2018 TEACHER SALARY SCALE.pdf. Details Main menu. Displaying 2017-2018 TEACHER SALARY SCALE.pdf.
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Last month a senior Aramco official said that the company plans to invest a total of about $334 billion by 2025. (Reuters)
Many Saudi Aramco employees have submitted their resignations because of reported changes in allowances and incentives, Al-Hayat Arabic daily reported on Saturday.
The newspaper also reported about rumors that the company’s HR executive director and personnel manager have sought early retirement.
However, Saudi Aramco denied that the company’s officials have requested early retirement.
Al-Hayat said that the employees are concerned about budget cuts in the company which might affect their salary and allowances.
Last month a senior Aramco official said that the company plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity.
Abdulaziz Al-Abdulkarim, vice president for procurement and supply chain management, told a conference in Bahrain that the figure included spending on exploring for and developing unconventional resources, such as shale gas.
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“Saudi Aramco is forecast to spend around $334 billion. This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain (oil) potential projects, unconventional resources both in the exploration phase and development and several other projects,” he told the conference.
“That is the 10-year investment. It’s everything. You talk about pipelines, you talk about bulk plants, you talk about power plants, there is a lot of investment, of course upstream facilities whether it’s oil or gas,” he later told reporters.
Saudi Aramco outlined a plan known as In-Kingdom Total Value Add (IKTVA) last year, when CEO Amin Nasser said the company would spend more than $300 billion over the next 10 years, of which 70 percent would be local content.
One of IKTVA’s goals is to double the percentage of locally produced energy-related goods and services to 70 percent of the total spent by 2021.
This article was first published by the Saudi Gazette on October 23, 2016.
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Saudi Aramco is one of the largest oil and gas companies in the world and contributes 25% of the world’s daily oil supplies. This company is a world leader in exploration, production, distribution and marketing and Saudi Aramco is a single hydrocarbon network in the world. Its headquarters is in Dhahran. Saudi Aramco is also managing Fourth largest natural gas reserves in the world and it has several global partnerships, a joint venture. The company offers highest and attractive salary packages to its employees. Saudi Aramco is the best organization of the World regarding its standard, quality, security, safety, facility and other benefits etc. We have listed down some benefits of working at Saudi Aramco below.[irp]
Insurance, savings and retirement plans: An employee of Saudi Aramco gets a complete package of attractive retirement and savings plans and insurance policy options, or annually cash amount equal to 17 to 19 percent of the employee’s base salary.
Company holidays: Besides annual vacations employees also get the extra 2 to 4 holidays as well.
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Educational assistance: The Company also offers schooling facility to the dependents of the employees moreover tuition fee and traveling costs for private school systems also incurred by the company
Annual vacation: Employees are eligible for paid vacation annually for 38 days plus an extra 2 to 4 travel days.
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Basic salary: Salary is the main important aspect for every employee. The base salary of employees fixed according to the job description, job specification, and responsibility level. This basic salary competes for the other standard salaries of different industries. The company offers competitive base salary and compensation packages to attract and retain expertise.
Shipment of personal items: At the end of the job contract the company also pays the shipping cost of personal items that incurred from the employee’s home country of Saudi Arabia.
Repatriation allowance: Repatriation means to returning a person to their citizen and expatriates are given annually for travel expenses from Saudi Arabia to their home country, is repatriation allowance
Allowance for services and commodities: Service and commodities allowance is different from compensation package. It is an acknowledgment or cost paid by company May employees cause not to incur extra expenses while living in Saudi Arabia.
Relocation allowance: When an employee assigned to a different location to perform any specific task may be out of scheduled working hours, so an additional allowance is paid for that task monthly.
Multinational Tag: Once you have worked with Saudi Aramco which is truly the leader in crude oil exploration, you can look for a job in any other oil company of the world based upon this experience. This multinational tag works for you even when you search for jobs in Saudi Arabia.
Apart from these all benefits Saudi Aramco offers other several facilities to a genius employee like saving the plan, short and long-term disability plan. Employees may get the premium amount of payments for their medical and optional accidental death and dismemberment insurance coverage etc.
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