quora
Nobody downloaded yet

Compensation policies and practices in any Saudi Company - Essay Example

Comments (0) Cite this document
Summary
A compensation policy is made up rules that lead the human resource manager in the determination of salaries, rewards and other form of rewards offered to the employees. Saudi Aramco is a company in Saudi Arabia that operates in the petrochemical industry. The company recognizes…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Compensation policies and practices in any Saudi Company
Read TextPreview

Extract of sample
"Compensation policies and practices in any Saudi Company"

Download file to see previous pages The policy also holds that every employee should receive an employment contract specifying their levels of salary. This policy states that every employee of the company should receive a competitive salary and this is aims to ensure that the company is able to maintain a highly competitive workforce with high level of skills and expertise. Through this policy, it is able is able to establish a practice through which the appropriate salary is determined for all employees are therefore able to work competitively for the company. The second policy is the policy on range of salaries and on the method of payment. The range will be dependent on the level of qualification and the work experience that the employee has. The method of payment is monthly and will be dependent on the terms provided on the employment contract (PMU, 2013).
Another policy that the company observes is the benefits policy which ensures that various benefits are offered to the employees. The benefits maintained in the benefits policy include an annual vacation for the employees, holidays for the employees provided by the company, offering insurance, savings and retirement plans for its employees, offering shipment for personal effects of the employees and assisting employees when undertaking their education. Another compensation policy that Saudi Aramco observes with regard to compensation of its employees is employee’s promotional policy which gives the well performing employees to higher levels in the company and this will entail a an increase in the amount of salary that the employee receives. The basis for promotion of the employees may also be upon the application for promotion by an employee. It may also be based on review of the academic records of the specific employee.
Another compensation policy that south Aramco applies on its employees is overtime work policy. This policy ensures that the employees are compensated for the extra ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Compensation policies and practices in any Saudi Company Essay”, n.d.)
Compensation policies and practices in any Saudi Company Essay. Retrieved from https://studentshare.org/human-resources/1695648-compensation-policies-and-practices-in-any-saudi-company
(Compensation Policies and Practices in Any Saudi Company Essay)
Compensation Policies and Practices in Any Saudi Company Essay. https://studentshare.org/human-resources/1695648-compensation-policies-and-practices-in-any-saudi-company.
“Compensation Policies and Practices in Any Saudi Company Essay”, n.d. https://studentshare.org/human-resources/1695648-compensation-policies-and-practices-in-any-saudi-company.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Saudi courts approach to enforcement of Foreign Arbitral Awards: A Critical Analysis
ground of Saudi Arbitration Law The ARAMCO Award Current Position on the Enforceability of International Arbitration Chapter 4 :The Impact of Public Policy in the Enforcement of Foreign Arbitral Awards Public Policy under the Shari’a Law Interest Gharar Saudi Arabian Public Policy and NYC Analysis of Award can be Resisted on the Basis of Public Policy Award Rendered by Non-Muslim Arbitrators Conclusion Chapter 5: Complications in the Saudi Legal Systems & Foreign Arbitration Background of Saudi Legal Structures Insufficient Laws Concerning the Legal Environment The Practical Side of the Enforcement of Foreign Arbitral Awards in Saudi Arabia (Cases and Principles) Conclusion Chapter 6: Compa
20 Pages(5000 words)Essay
Evaluate the current Talent Management (TM) strategy at any well-known organization in Saudi Arabia
r for talent all across the globe has generated universal acceptance of the fact talent management is a critical factor for the success of organisations. Companies have recognised the need for focussing their efforts towards motto like find, grow and keep.
16 Pages(4000 words)Essay
Differences in effectiveness of Humen Resource Management practices (HRM) in Saudi Arabia between local and multinational banks
The government is developing this sector under the policy of developing the non-oil base of the economy. Globalization is posing considerable strains on the system. Human resources are keys for the success of a bank as its performance is highly dependent on the professionals.
12 Pages(3000 words)Essay
Employment Policies and Practices
Many organization before selecting employees, take tests of the applicants of the fields in which they are applying. For example, a person wants a job in bank, the organization take a written test, in which his finance or accounting knowledge would be tested.
6 Pages(1500 words)Assignment
Saudi ARAMCO Compensation Scheme
This study has the main objective of looking into the strategic management process employed by the Coca-Cola Company in order to counter the external factors affecting the company. This study is meant to examine how the company is
4 Pages(1000 words)Assignment
Financial Regulation in the Middle East: A Critical Appraisal of the Developments and Regulatory Constraints in the Kingdom of Saudi Arabia and United Arab Emirates
These principles and norms relate to the Islamic commercial partnership laws, inheritance laws, the waqf constructs2 and Islam’s legal system’s preference for “juristic
56 Pages(14000 words)Essay
Any company
Additionally, it can be used to explain certain information on the marketplace concerning how their operations are. Based on the above aspect, this paper analyses SaaS Company based on its
2 Pages(500 words)Essay
Saudi Aramco oil company
From among the accolades received by Saudi Aramco, gaining the top position among the 50 largest oil companies as ranked by the Petroleum Intelligence Weekly (PWI) for twenty three consecutive years is a
2 Pages(500 words)Essay
Hershey company. write about : R&D Management Structure and policies Carbon footprint Employment policies and practices
Hershey Company to be a global leader in the chocolate production industry including research and development (R&D), management structure and policies, carbon footprint, and employment policies and practices. At Hershey, the R&D expenses are a line item on the firm’s income
2 Pages(500 words)Essay
Climat change and sustainable development in Saudi Arabia
The emission of greenhouse gases in this process has led to global warming. Global warming caused by emission of carbon dioxide from using fossil fuels increases the temperature on the earth. This continuing trend over period will not only alter the weather patterns
27 Pages(6750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Compensation policies and practices in any Saudi Company for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us