Manpower of banking sector ‘relatively stable’ in Q1

The ‘manpower situation of the Banking Sector was relatively stable’ for the first quarter of the year, according to a release by the Statistics and Census Service (DSEC) published yesterday.
Average earnings for full-time employees of the sector increased 5.2 per cent year-on-year for the month of March, amounting to MOP25,150 excluding bonuses and allowances. The average earnings for bank tellers also increased, amounting to 10.2 per cent year-on-year for the month, equalling MOP15,320.
Employment remained stable as in the first quarter the number of new recruits to the sector amounted to 160, while the number of employees leaving employment in the sector reached 173, with an employee recruitment rate of 2.7 per cent and an employee turnover rate of 2.9 per cent – a fall of 1.6 percentage points and 0.8 percentage points, respectively.
Job vacancies for the sector dropped by 80 vacancies at the end of the first quarter compared to a year ago, resting at 238. Vacancies for clerks were nearly triple that of bank tellers, at 131 and 45, respectively.
By occupation, there were a total of 1,614 managers and directors in the sector and 2,109 clerks, including 764 bank tellers employed.
Regarding vocational training, some 4,940 employees attended vocational training courses provided by their employers – including those organised by the banks themselves or via other institutions with bank sponsorship – with 80.8 per cent of participants attending those sponsored by banks. Some 73.9 per cent of these participants attended Business and Administration courses, with 15.4 per cent attending Law courses.