McDermott International Compensation & Benefits

Key Insight for Candidates

• Leave & Time Off Breadth: U.S. materials cite a minimum of 23 PTO days and 14 paid holidays, indicating a broad leave offering. Paid time off and holidays are positioned as a comparative strength within the package.
• Parental & Family Support: Company materials indicate paid parental leave, including 10 weeks paid maternity and four weeks paid family bonding. These provisions reinforce support for families during key life events.
• Strong & Reliable Incentives: Field and offshore roles often include overtime, per diems, and project allowances that can materially increase earnings. These extras are a notable component of total compensation in project-driven roles.

• Stagnant Pay & Limited Progression: Salary progression can lag market in some corporate and engineering roles, with raises described as uneven or paused during downcycles. Limited structure around upward mobility adds to advancement-linked pay concerns.
• Inadequate Retirement Support: The U.S. 401(k) match has been described as reduced from 6% to around 4%, which is characterized as below average versus peers. This shift leaves retirement support feeling modest rather than strong.
• Exclusive or Unequal Benefits Coverage: Benefit specifics vary by country, job family, and employment type, with indications that permanent corporate staff receive stronger flexibility and benefits than project-based or contract workers. Retiree health benefits are also closed to future retirees and new U.S. hires, creating cohort differences in eligibility.