Kuwait Oil Co pay structure

1POSTS

2 years ago

I am considering accepting a job with KOC, but am concerned about the pay. The base is substantially less than I was making in the US, but bonus potential is high, up to 4Xs base salary. If bonuses can be expected, it makes sense for me and my family. If there鈥檚 a real chance I鈥檒l never see them, this will not work for us.

Does anyone have context on the accessibility of bonuses for expats at KOC? Thank you.

1 member reacted to this post

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guest256 Member

15POSTS

2 years ago

Not sure where you saw that about the bonus being 4X the salary.聽 I have many expat friends that work for KOC they do get annual bonuses but it is closer to 4% not 4X.

legacy Kuwait Expert

3431POSTS

2 years ago

@steveneyoung504 no taxes, n guns, no violence... currency is 3X stronger, economy is better.

legacy Kuwait Expert

3431POSTS

2 years ago

@steveneyoung504 depending on your level, bonuses are either discretionary, performance based or fixed. I have not seen fixed bonuses in my lifetime auditing in Kuwait. make sure you read your contract carefully.

guest256 Member

15POSTS

2 years ago

I agree the no taxes and no violence in Kuwait is much better than in the States.聽 You will pay taxes though if you are on a rotaional basis and living in the states.