Are you working in Saudi Arabia? Do you have plans of just finishing your contract and want to know how much is your take home pay?
Sample Computation
Basic Salary = SAR 5000
Food Allowance = SAR 300
Housing Allowance = SAR 1400
Transportation Allowance = SAR 600
Gross Monthly Income = 5000 + 300 + 1400 + 600
= SAR 7300
If you work for less than 5 years in the company, just
divide the gross monthly income by 2 then
multiply by the total number of years you worked for the company
For example only 3 years of working
so SAR 7300 divided by 2 = 3650
3650 x 3 years = SAR 10950 is your ESB for 3 years
If you work for more than 5 years
for the first five years, divide the gross monthly income by 2 then multiply by 5 years
then add the gross monthly income multiplied by the years above 5 years
For example 7 years of working
SAR 7300 divided by 2 = 3650
3650 x 5 years (the first 5 years) = 18250
7300 x 2 years (the remaining 2 years) = 14600
So for 7 years 18250 + 14600 = SAR 32850 is your ESB for 7 years
So what does this mean? It means it is better to work in Saudi Arabia for more than 5 years. The longer you work, the more benefits you will take. But you will not stay in Saudi forever. So Save and Invest while you are in Saudi so that when its time to go back to the Philippines, you will have your hands full and maybe will have your own business. Be empowered. Be your own boss.
EARN MONEY NOW
EARN MONEY NOW
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