Melco Resorts & Entertainment Limited has become the latest Macau concessionaire to declare discretionary bonuses for its non-management staff.
Melco announced on Tuesday that it would pay a one-month discretionary bonus to all eligible non-management employees in advance of Chinese New Year, while effective from 1 April 2018, a salary increase ranging from 2.5% to 8.1% will be offered “in recognition for their hard work and contribution to the company.”
Those employees earning up to MOP$16,000 will receive a salary increase of MOP$600 per month, representing an increase of 3.8% to 8.1%. Those earning in excess of MOP$16,000 shall receive an increment of 2.5%.
“Melco’s employees are our strongest asset,” said Chairman and CEO Lawrence Ho. “As a token of our heartfelt thanks for their unfailing dedication, contribution and loyalty, we are pleased to announce a discretionary bonus and a competitive pay increment to our employees.
“With extensive upgrades to our integrated resort offerings, culminating in the unveiling of Morpheus this year, I trust that together, we will further solidify our leadership position in the industry to make 2018 a fruitful and rewarding year.”
Melco also referred to the “Melco Employee Loyalty Program” introduced in 2014, whereby eligible employees were offered a choice between receiving an additional month’s pay during the summer for three successive years or the “Golden Nest Egg” – an incentive offering of the total sum equal to six months’ pay for those eligible employees who serve approximately three consecutive years with the company.
In July 2018, eligible employees will receive the final payment of the “Golden Nest Egg.”