Compensation and Benefits
At Gulf Bank we offer a competitive salary, allowance and benefits package. The initial level of pay reflects a blend of market rates, individual experience and qualifications, and the nature of the job. Incentive programs also significantly increase earnings potential, based on individual and team performance, especially in customer facing / revenue producing areas.Our non-cash benefits (such as Medical Insurance and Air Ticket allowance) focus on flexibility and providing employees with every opportunity to find a healthy work-life balance. A number of banking benefits such as interest bearing fee-free accounts, discounted staff rates on loans and credit cards, and fee-free foreign exchange transactions round off the package. We pride ourselves on designing and delivering Compensation and Benefits practices that promote meritocracy, equity and transparency. Recent enhancements to key employee benefits further underline our commitment to continuous improvement. The overriding principle of Reward for Performance is what drives our promotion and reward decisions. Our processes are closely linked with Performance Management, which addresses both the results against agreed goals and the behaviors (our core values) of our employees in performing their jobs. Our focus remains on continuing to reinforce performance differentiation through reward, and to bring further innovation and flexibility to our overall reward practices.