Survey on Macao manpower needs and wages for the 1st quarter of 2020 – Banking sector

25 May 2020

Information from the Statistics and Census Service (DSEC) indicated that number of banks in Macao totalled 30 at the end of the first quarter of 2020, an increase of 3 year-on-year. Full-time employees in the Banking Sector rose by 343 year-on-year to 6,806. Analysed by occupation, there were 2,007 directors & managers and 2,060 clerks (including 728 bank tellers).

In March 2020, average earnings (excluding bonuses) of full-time employees were MOP30,460, up by 5.2% year-on-year. Average earnings of bank tellers increased by 12.2% to MOP18,800.

At the end of the first quarter of 2020, job vacancies totalled 328, an increase of 14 from a year earlier. There were 190 vacancies for clerks, including 44 for bank tellers.

In terms of recruitment prerequisites, 63.1% of the vacancies required work experience and 94.5% required tertiary education; requirement for knowledge of English and Mandarin accounted for 97.0% and 91.2% of the total respectively.

In the first quarter, number of new recruits (167) was similar to that of employees leaving employment (175) in the Banking Sector. The employee recruitment rate (2.5%) and employee turnover rate (2.6%) fell by 0.8 and 0.5 percentage points respectively year-on-year, indicating that the manpower situation of the Banking Sector was fairly stable in this quarter.

As regards vocational training, the Banking Sector had 5,818 employee participants attending training courses provided by the employer (including courses organised by the banks or those sponsored by the banks). The majority of the participants (94.3%) attended courses organised by the banks. Most of the participants took Business & Administration courses (75.7%), followed by Law courses (17.4%).
(Statistics and Census Service)

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