SearchOUR PEOPLE
SABIC provides the resources, training, and a supportive work environment to empower its people and drive SABIC's growth.
Our people are at the core of our success and play a critical role in our competitiveness in an ever-evolving industry. We work to provide our employees with the necessary resources, training, and guidance to enable them to do work that generates value for stakeholders, powers SABIC's growth, and contributes to their own personal development. In 2024, human resource priorities were driven by employee feedback and strategic leadership objectives, with an immediate focus on addressing important organizational competencies and mindset shift. HR played a pivotal role in mobilizing global teams to deliver impactful programs and workshops that advanced these priorities.
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28,000+
Employees globally
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9%
Women in the workforce
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58
Average training hours per employee
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582
SABIC leadership learning participants
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229
Employee global assignments
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1,622
New hires
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6%
Turnover rate
SABIC's talent strategy includes instilling a corporate mindset of continuous learning through the SABIC Leadership Way; building a talent pipeline; providing career opportunities in the context of meaningful work; and offering attractive rewards and recognition for performance. In 2024, SABIC recorded an average of 58 hours of training for direct hire employees, significantly greater than the Association for Talent Development (ATD) benchmark of 32.9 hours per employee (per year).
A major initiative this year was the launch of a new learning portal through our Global Learning & Academy. This portal offers over 2,100 courses across nearly 170 competencies addressing a broad range of business priorities. Throughout the year, the portal was one of the most visited internal platforms, with over 3,000 classes delivered to over 30,000 employees (including non-direct hire employees) and over 200,000 total views.
ENABLING SAUDI VISION 2030
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636
SABIC Scholarship Program (male 55%, female 45%)
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1,350
Co-op students
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107
Higher education program students
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87%
Local hiring
SABIC plays a crucial role in supporting Saudi Vision 2030's human capital development goals by contributing to the growth of a skilled national workforce, with a focus on women and young people. Through a variety of programs, SABIC fosters career development and technical expertise at multiple levels.
SABIC SCHOLARSHIP PROGRAM
Launched in 2005, the SABIC Scholarship Program is a flagship initiative that provides promising Saudi candidates a full scholarship to study at renowned local and international universities. Students work closely with SABIC advisors and attend SABIC-led workshops, conferences, and internships, and explore a variety of other personal and professional development opportunities. Once they complete their education, they are placed in various roles and functions across SABIC, integrating with their teams and given first-hand experience with SABIC's culture, values, and purpose. This program is an avenue through which SABIC develops and leverages Saudi talent, positioning and enabling them to steer SABIC successfully into the future.
Read more about our approach to talent development.
LEADERSHIP
The SABIC Leadership Way (SLW) serves as a guiding framework, outlining the behaviors and characteristics expected of SABIC employees, from the manufacturing floor to the CEO. It encourages leaders to act with integrity, responsibility, and accountability while empowering others and embodying the principle of “Be the Impact.” Through SLW, we equip leaders with the skills, tools, and mindset needed to grow and inspire their teams, address concerns, and unlock their leadership potential.
GLOBAL LEADERSHIP AND MENTORING PROGRAMS
In 2024, we extended the range and reach of our leadership development programs. An integrated readiness framework was introduced to accelerate executive development, incorporating assessments to guide tailored development plans. The framework leverages the 3E model – Experience, Exposure, and Education – to strengthen succession planning and prepare leaders for future roles.
Our mentoring program encourages employees to register in their respective capacities as mentor or mentee on our HR platform, thus creating internal connections and sharing organizational knowledge. In 2024, SABIC's mentoring program totaled 1,300 mentors, an increase of 18.5% from 2023, and reached 1,600 mentees, an increase of 23% from 2023.
TOTAL REWARDS
SABIC's total rewards program is at the core of our performance management system to motivate and appreciate the contribution of each employee towards the success of SABIC. This is an essential component of retaining talent in the competitive chemical industry. Our overall goal is to provide employees with pay and benefits that:
- are competitive within the market in which they are employed
- are internally equitable for their level of work responsibility
- are linked to their performance and to company performance
- meet each employee's individual and family wellbeing needs
- offer a good work-life balance.
With more than 98% of SABIC employees working in countries with a statutory minimum wage, our employees are paid above any relevant statutory minimum wage, without considering any allowances, overtime or bonus payments. We conduct periodic audits to ensure we remain compliant, with particular attention to employees in high inflation countries. Additionally, more than 94% of employees participate in annual performance-based bonus plans that attract, motivate, and retain employees in a dynamic marketplace.
In 2024, we continued studying the concept of a living wage with an external agency, exploring frameworks that strengthen our support for employees and the communities where they live and work while aligning with the UN Sustainable Development Goals (SDGs). Furthermore, in Saudi Arabia, SABIC healthcare coverage is integral to the employee value proposition, unique in its offering, and a component of our talent retention strategy. Our offered medical coverages span over 100,000 members comprising employees and retirees, and extends coverage to their immediate relatives.
Read more about the SABIC Leadership Way (SLW) and how the leadership framework defines values for employees at all levels.
A THRIVING WORKPLACE
EMPLOYEE WELLBEING
SABIC's state-of-the-art Sports Center in Jubail promotes health, wellness, and connection among employees by offering dynamic spaces with gyms, swimming pools, squash courts, and rooftop sports facilities. Since its launch in 2023, the Sports Center has recorded a total attendance of 21,000 visits annually, having conducted 1,800 fitness classes, and achieved a 96% customer satisfaction rate. It has since become a key focal point for employee wellness and community engagement.
Read more about how SABIC prioritizes employee wellbeing.
Disclaimer: This abridged interactive version of the SABIC Integrated Annual Report 2024 is based on the original PDF report published on this website. In case of any discrepancy, the original PDF report will prevail.