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Salary Range and Method of Payment Policy
Name of Policy
Salary Range and Method of Payment Policy
Policy Number
I. B-4
Owners
Human Resources
Original Policy Date
05/12/2013
Cosigners
_______________________
Last Revised Date
08/01/2017
Other Related Regulatory Rules Laws & Policies Next Scheduled review Date
_______________________
Associated Procedures & Forms (Attachments)
_______________________
Versioning
_______________________
Cycle of Reviews
_______________________

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.