Sands announces CNY bonus and salary increase

Wilfred Wong, president of Sands China

Sands China Ltd has announced that it will pay staff a Chinese New Year (CNY) bonus today.
In addition, the company is increasing the salaries of all eligible team members effective March 1,
benefiting roughly 96 per cent of the gaming operator’s employees.
In a press release issued yesterday, Sands China informed that from among the company’s 26,000 eligible employees, those who have completed at least one full year of service will receive a bonus equivalent to at least one month’s salary.
All full-time team members of eligible grades who joined the company before October 1, 2015, and are still employed on February 5, 2016, are eligible for the February bonus.
In addition, the gaming operator will again distribute a “special award” to over 25,000 eligible full-time team members who are at manager grades or below, to be paid in July. The award, equivalent to one month’s salary, was first announced and distributed in 2014. It is paid each year together with the July payroll through 2017.
The company’s salary increase takes effect March 1. Eligible full-time employees earning salaries less than or equal to MOP12,000 per month will receive a pay increase of MOP500 per month, resulting in a 4-6 per cent salary increase. Eligible team members earning monthly salaries above MOP12,000 will receive an average of a 2 per cent pay rise, with a monthly salary ceiling of MOP45,000 after the pay rise.
“Sands China is pleased to announce this bonus and salary increase during such a challenging business environment,” said Wilfred Wong, president of the company.
“We are committed to rewarding our greatest asset – our dedicated employees, who have been working hard amid challenges. I look forward to having another successful year in 2016 with the continuous dedication from our team members,” he added.
Other gaming operators have also announced a staff bonus for this year. In most cases, bonuses will be roughly equivalent to the respective one-month’s salary for non-senior management staff.