Banking sector paying slightly more


The average earnings of full-time employees in the banking sector (bonuses excluded) rose 3.5 per cent in March 2017 to MOP26,020, according to data released by the Statistics and Census Services (DSEC) yesterday.
The 28 local banks employed 6,053 people in the first quarter, signalling an increase of 53 people year-on-year, working in occupations such as managers, cashiers, and clerks.
Overall, managers and directors earned MOP46,310 on average (up 4.3 per cent year-on-year), while cashiers made an average of MOP15,380 (up 0.4 per cent year-on-year).
On average, non-resident employees earned more than residents, at some MOP28,350, posting a 9.4 per cent increase year-on-year, while residents made MOP25,700, an increase of 2.6 per cent from 2016.
Earnings of non-resident directors and managers amounted to MOP58,450 on average, up 14.7 per cent when compared to the previous year. Earnings from residents performing the same functions increased only slightly, at 2.7 per cent year-on-year to MOP44,770.

Gender breakdown
In terms of gender distribution, the majority of bank employees were female, amounting to nearly 60 per cent of the total workforce in the sector, or 3,596 employees. The number of male employees totalled 2,457.
The number of women occupying positions in management and directorships (824) was slightly higher than that of men (802).
Female employees were clearly the majority in technician and associate professional positions, amounting to 1,301 out of a total of 2,200. Those working as clerks corresponded to 1,368 out of a total of 2,030 employees.
On average, however, male employees made 23.7 per cent more money than their female counterparts, with men earning MOP30,280 on average, compared to MOP23,110 in average earnings for women.

Vacancies and recruitment procedures
DSEC noted that the number of vacancies remained stable when compared to the previous year, at 245, with the majority of positions being opened for clerks, at 147.
The sector also hired a total of 174 new employees during the period.
The sector required that at least 64.5 per cent of the positions be filled by people with previous work experience, while 96.3 per cent of the offered positions required candidates to have tertiary level education.
Knowledge of Mandarin was required in 100 per cent of the jobs on offer for technicians and associate professionals, and for 98.4 per cent of all the positions on offer.
Knowledge of English was a pre-requisite in 97.1 per cent of the positions opened during the period.