Sands China has taken a commendable step in acknowledging the dedication and resilience of its workforce by announcing a discretionary bonus for eligible employees. This move follows a trend in Macau, where Sands China becomes the second concessionaire to introduce such bonuses. This initiative, which benefits approximately 99% of the company’s workforce, is a testament to the company’s commitment to recognizing and rewarding its employees for their contributions.
Details of the Discretionary Bonus:
Eligible employees, constituting a significant majority of Sands China’s workforce, are set to receive a discretionary bonus equivalent to a month’s salary on January 31. The bonus extends to non-management team members with a tenure of one year or more. For management team members, the bonus structure aligns with the company’s Management Incentive Plan. Those who have been with Sands China for less than a year will receive prorated bonuses if employed before October 1, 2023, and still active on the payout date.
Salary Increase for 2024:
In addition to the discretionary bonus, Sands China has announced a salary increase for eligible full-time team members effective March 1, 2024. Employees earning monthly salaries up to MOP$13,000 will receive a substantial pay raise of MOP$600, translating to an impressive salary increase ranging from 4.7% to 5.4%. Meanwhile, those earning salaries above MOP$13,000 will see a commendable 2.5% increase.
President’s Acknowledgment:
Sands China President Dr. Wilfred Wong expressed gratitude to the company’s workforce, acknowledging their resilience and collective spirit. He credited the employees for navigating the challenges of recent years and propelling the company into a phase of rejuvenation. Dr. Wong highlighted key milestones achieved in 2023, such as hosting events at The Londoner Macao, expanding the Sands China Academy, and strengthening community ties through volunteer service.
Employee Contribution and Achievements:
Dr. Wong’s acknowledgment of the employees’ contribution emphasizes the crucial role they played in steering the company through the uncertainties of recent years. The seamless transition to full business capacity post-pandemic and successful initiatives such as The Londoner Macao celebration, large-scale exhibitions, and community engagement initiatives underscore the employees’ dedication and impact on Sands China’s success.
Corporate Milestones in 2023:
The article highlights significant milestones achieved by Sands China in 2023, including the grand celebration at The Londoner Macao, dynamic exhibitions, and the expansion of the Sands China Academy. These achievements not only reflect the company’s resilience but also serve as a testament to the collective efforts of its workforce.
Gratitude through Rewards:
Sands China’s decision to express gratitude through tangible rewards, including the discretionary bonus and salary increase, underscores the company’s commitment to valuing its employees. This approach not only boosts employee morale but also contributes to fostering a positive work environment.
Sands China’s proactive measures to reward its workforce for their dedication and accomplishments in 2023 set a positive tone for the company’s future. The discretionary bonus and salary increase not only recognize past contributions but also serve as motivational factors for continued excellence. As Sands China looks ahead, this employee-centric approach is likely to enhance loyalty, productivity, and overall organizational success in the dynamic landscape of Macau’s gaming industry.