Been trying to find this for some time.
I am currently making 150k euro (excluding bonus) + car in Austria.
Based on some job adverts (similar role, Jeddah based) i suspect i should aim roughly at 200k euro base (which would then be tax free).
Is there some kind of formula which would say:
local salary x 1.x = reasonably competitive KSA salary?
I heard somewhere that typically people make 3x more in KSA than at home... this would roughly mean 1.5x correction factor then (assuming taxes roughly at 50%)
150k... = 80k net... x3 = 240k... 240/150 is a little over 1.5 then
Any hints/links/advice here?
Don't want to get the bottom of the barrel but want to ensure I'm getting a compeitive package in return for sticking it out in the desert..
thanks
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Unfortunately there's no easy equation that you can use to calculate an ideal salary working in Saudi Arabia, but what you can do is evaluate your current salary, take into consideration a hardship factor (as you say - the transaction cost of 'sticking it out in the desert'), and then calculate a budget with the aim of arriving at a figure that would be enough of an incentive to pull you out of your old job. After all, moving to Jeddah is not a relocation people make to enhance their cultural outlook or reach a new level of spritituality, it's almost entirely a financial decision. Thus, it must ABSOLUTELY be worth your while to take the plunge. Jeddah is not Dubai or Abu Dhabi even.
I cannot stress how important it is to try your best to anticipate and calculate you cost of living in the KSA beforehand, especially as most expat packages come with certain perks that may change the value of your base salary.
For starters, read our "Accommodation in Jeddah" page to get an idea about what will likely be your largest expense - housing.
Sorry for late reply - work gets in the way from time to time.
I would say no formula but base salary would be similar to that in Europe, may be 20-30% more, but it is tax free so if you want to compare add 40% or so!
The key difference with a position on the level you are looking at is added benefits, you would expect housing, transport, medical, holiday flights, hardship allowance, school fees, annual bonus and maybe a few other things on top, all paid by the company. This increases the package substantially.