Petroleum Institute Revises New Hire Benefits
Kuwait Oil Corporation has approved amendments to the benefits and employment compensation systems for new hires in the oil sector. This includes reducing the promotion period from 3 years to 1.5 years, granting a 5% salary increase upon promotion, suspending the car allowance for new employees and replacing it with monetary allowances, halting the mechanisms for granting personal grades, and amending the promotion system, while retaining the housing system and incentive bonuses.
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