Oil & Gas : Salary negotiations in the Gulf

A booming economy, the natural reserve of oil wells and rapid urbanization is driving many jobseekers to the Middle East. The steady and rising economy has resulted in salary increases across Gulf Cooperation Council (GCC) countries. Negotiating for salaries becomes an easy task when applying to any of these countries. However there are many aspects. While negotiating it would be wise to inquire about housing, traveling expenses and other variables. Before discussing your salary you must know enough about the company and your market worth. Researching the background of a company is very important. While doing this you should pay attention on the company’s strengths with regard to the work force, its financial growth and future prospects. If the salary offered is high, don’t be impulsive and take it up immediately. Inquire whether the company provides facilities such as housing and traveling expenses. It is also recommended to check out the tax implications.  Research shows that simplicity in tax regulations is attracting foreign nationals, companies and investments to the gulf region. There are many financial benefits while working in GCC countries. When an employer is stating a lesser salary than what you expected, and when you know your worth in the market, it’s best if you come clear and state your expected figure. Always mention a higher figure than the actually expected one because post-negotiations it would be nearer to what you aimed for. Remember that salary is not just the figure but also includes details like bonus and performance-based incentives. As the cost of living in the Middle East is high, look out for add-ons to your package such as medical or house allowance. You must also check out the leave status and other holidays. But a word of caution - it is considered unwise to mention your salary history in your resume. Also do not give salary details during the interview. Let the HR take the first step. After a conclusion has been reached, it’s best if you get the offer in writing. If the company is hesitant, demand for a salary proof. If that too does not materialize, something is amiss. And before departing for the gulf, make sure that you have all the relevant documents from the company. In all, a job in the gulf is a good bet given the prevalent high salary packages, a good economy, and promising future prospects.

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