HSBC Reviews School Fee Perk for Hong Kong Bankers
HSBC is reportedly reviewing its generous private school fee benefit for bankers in Hong Kong, which can amount to $38,000 to $48,000 per child. This review is part of a broader effort by the bank to cut costs.
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HSBC ‘reviewing’ private school perk for bankers in Hong Kong
Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs HSBC is reportedly reviewing a perk that covers school fees for bankers in Hong Kong as part of a big overhaul of the bank under chief executive Georges Elhedery. Europe’s largest bank is considering whether to scrap the perk for new employees or make changes to total compensation, Bloomberg News reported. No decisions have been made yet. Continue reading...
By Julia Kollewe
Read full article →HSBC reviews $48,000-per-child school fee perk for HK bankers to cut costs: Sources - The Straits Times
HSBC reviews $48,000-per-child school fee perk for HK bankers to cut costs: Sources The Straits Times
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