Statistics | Banking sector employment remains stable

There were 5,928 full-time employees working across 28 banks at the end of the third quarter of 2015, according to data released by the government. This represents an increase of 255 employees year-on-year, indicating that the manpower of the banking sector has remained relatively stable.
This year-on-year increase of 255 is overshadowed by the performance of the last quarter, where government records showed the banking sector as having hired 483 new employees. The employee recruitment rate (8.3 percent) and the employee turnover rate (5.7 percent) fell by 1.0 and 0.8 percentage points respectively, year-on-year.
In terms of recruitment requirements, 58.3 percent of the vacancies in the banking sector required working experience and 93.1 percent required a tertiary education. The number of positions that required knowledge of Mandarin and English accounted for 96.4 percent and 96.8 percent, respectively.
Analyzed by positions within the banks, there were 1,632 directors and managers, and 2,046 clerks and bank tellers at the end of the third quarter. Job vacancies remained just as stable as a year ago at 247, of which vacancies for clerk roles totaled 110.
Average earnings (excluding bonuses and allowances) of full-time employees amounted to MOP24,910, up by 8.0 percent year-on-year, while the average income of bank tellers increased by 12.3 percent to MOP14,690 for the same period.