Macau IR operator has announced a discretionary bonus and a salary increase for employees.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sands China has announced will pay a discretionary bonus and salary increase for its workforce. The IR company said in a statement that the bonus amount is equivalent to one month\u2019s pay and will be given to non-management team members who have been with the company for one year or more.\u00a0<\/p>\n\n\n\n
A discretionary bonus will also be paid to all management team members based on the company\u2019s Management Incentive Plan. Those who have worked for Sands China for less than one year will receive bonuses pro-rata if they joined the company before October 1, 2019 and were still employed on January 23, 2020.\u00a0<\/p>\n\n\n\n
The company is also increasing the salaries of the vast majority of Sands China\u2019s 29,000 strong workforce.<\/p>\n\n\n\n
\u201cSands China is again very pleased to announce a discretionary bonus and salary increase for our team members, whom we consider our most valuable asset,\u201d Dr. Wilfred Wong, President of Sands China Ltd, said. <\/p>\n\n\n\n
Wong also commented on the on-going pneumonia outbreak and made clear the steps the company was taking to prevent further spread. <\/p>\n\n\n\n
\u201cAs Macao, the region, and the world work to combat this fast-spreading virus, Sands China is extremely appreciative of its team members for their continued dedication to serving our guests and vigilance in taking proactive measures to ensure the health and safety of all,\u201d he said.<\/p>\n\n\n\n
\u201cThe company will continue to enforce its existing preventive measures \u2013 including temperature detection for team members and guests and related standard operating procedures \u2013 in order to safeguard the health of guests and team members in accordance with guidelines from the Health Bureau and the Gaming Inspection and Coordination Bureau,\u201d Wong added. <\/p>\n\n\n\n
According to the company, the salary increase will take effect March 1, 2020. Eligible full-time team members earning monthly salaries less than or equal to MOP 13,000 (\u20ac1,400 before tax) will receive a pay rise of MOP 500, (\u20ac56) resulting in a salary increase of between 3.8 and 4.7 percent. Eligible full-time team members earning monthly salaries above MOP 13,000 (before tax) will receive a 2 percent pay rise.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau IR operator has announced a discretionary bonus and a salary increase for employees.<\/p>\n","protected":false},"author":2,"featured_media":2730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China, a Macau Integrated Resort operator, has announced a discretionary bonus equivalent to one month's pay and a salary increase for the majority of its 29,000-strong workforce, effective March 1, 2020. This compensation adjustment, detailed by President Dr. Wilfred Wong, is being implemented while the company simultaneously reinforces health and safety protocols in response to an ongoing regional pneumonia outbreak, aligning with local regulatory guidelines.","focusai_entities":"Sands China, Dr. Wilfred Wong, Health Bureau, Gaming Inspection and Coordination Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.8), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"OpEx Impact?","query":"What is the projected impact of these compensation adjustments on Sands China's Q1\/Q2 2020 operational expenditure and EBITDA margins, considering the concurrent public health crisis?"},{"label":"Competitive HR Strategy?","query":"How does Sands China's human capital investment strategy, including these bonuses and salary increases, position it competitively against other Macau IR operators amidst current market conditions?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,473,257],"class_list":["post-2726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-ir","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2726"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2726\/revisions"}],"predecessor-version":[{"id":2744,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2726\/revisions\/2744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2730"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}