Kuwait Oil Co pay structure

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Member since 08 February 2023

steveneyoung504Member19 October 2023 11:00:08

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’s a real chance I’ll never see them, this will not work for us.

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

guest256 Member

Member since 13 May 2021

guest256Member19 October 2023 14:09:41

Not sure where you saw that about the bonus being 4X the salary. 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

Member since 29 March 2010

http://www.mybloogle.com

legacyKuwait Expert20 October 2023 14:14:48

3427

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

legacy Kuwait Expert

Member since 29 March 2010

http://www.mybloogle.com

legacyKuwait Expert20 October 2023 14:15:42

3427

@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

Member since 13 May 2021

guest256Member21 October 2023 20:52:14

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

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