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Policy & Procedure
Policy Title :
Salary Range and Method of Payment Policy
Policy Number :
I. B-4
Responsible Party :
Human Resources
Effective Date :
05/12/2013
Revised Date :
_______________________

Purpose

To declare PMU guidelines with regards to Salary Ranges and Method of Payment and ensure uniform interpretation and application of this policy.

Statement :

Each Employee will have a salary range based on their rank or grade level. Each Employee’s basic salary will be based on their placement within the salary range. The initial placement within a salary range will be based on the PMU assessment of the qualifications and experience of the Employee at the time of hire.

The Employee’s total compensation will include the basic salary plus any applicable allowances as specified in the employment contract.

All salaries are paid monthly in accordance with the Gregorian calendar. Payments are made in arrears at the end of each month. All payments are made in Saudi Riyals and are based upon the information shown on the Employment Contract signed by the Employee at the time of initial employment or any revisions subsequently made to the remuneration.