SJM Holdings re-announces living subsidy

SJM Holdings Ltd has joined the bandwagon of Macau casino concessionaries announcing bonuses. GGRAsia reports the operator will give out an annual bonus in 2019 that they are calling a “living subsidy.” Depending on the employee’s role, they will receive between one-and-a-half to two months’ pay.

Although other operators have declared their bonus schemes first, SJM claims it paid their employees earliest, paying out half the subsidy on January 4.

Based on reports of the plan, the subsidy does not appear to be new at all. In August 2014, they announced the same plan would run until 2020. What has changed with this announcement is a new “2018 or 2020 subsidy-plus plan,” which allows employees to receive increased awards based on choices they are provided with.

The next installment of the subsidy is due to be paid in July.