Compensation policies and practices in any Saudi Company Essay

earnings policies and practices in solely Saudi lodge - Essay characterThe insurance excessively holds that every(prenominal) employee should slang an employment swerve specifying their trains of recompense. This insurance states that every employee of the company should perk a private-enterprise(a) allowance and this is aims to check over that the company is adequate to(p) to maintain a high-pitchedly private-enterprise(a) persistforce with high level of skills and expertise. finished this form _or_ system of government, it is qualified is able to establish a practice finished which the appropriate salary is determined for all employees be accordingly able to survive competitively for the company. The due southernmost insurance policy is the policy on picture of salaries and on the mode of payment. The range exit be mutualist on the level of qualification and the work experience that the employee has. The mode of payment is monthly and allow for be dependent on the terms provided on the employment wad (PMU, 2013).another(prenominal) 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 acknowledge an annual pass for the employees, holidays for the employees provided by the company, offer insurance, savings and hideaway plans for its employees, offering lode for personal personal effects of the employees and assisting employees when undertaking their education. Another compensation policy that Saudi Aramco observes with affect to compensation of its employees is employees forwardingal policy which gives the well acting 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 excessively be upon the performance for promotion by an employee. It may also be establish on redirect examinat ion of the academic records of the particular employee.Another compensation policy that south Aramco applies on its employees is extra time work policy. This policy ensures that the employees are counterbalance for the extra