Maybank continues prioritising employee welfare
PETALING JAYA: All employees of Malayan Banking Bhd (Maybank) are earning above RM3,100 a month, according to the largest banking group of Malaysia.
Maybank said its employees' salaries are above the living-wage threshold, as benchmarked against the Employees Provident Fund's (EPF) Belanjawanku Guide.
In a statement, the bank said it remains fully aligned with the Ekonomi Madani framework, especially the 'Raise the Floor' pillar, and will continue working alongside government-linked investment companies and the relevant stakeholders under the GEAR-uP programme to drive shared prosperity and a future-ready Malaysian workforce.
Datuk Khairussaleh Ramli said the commitment is aligned to its purpose of being a values-based platform, powered by a workforce that humanises financial services and underscores long-standing commitment to fair, inclusive and sustainable pay practices.
'At Maybank, we believe that the welfare and wellbeing of employees, including fair and decent pay is not only a moral imperative, but also a business enabler. Ensuring that all our employees earn a competitive and sustainable wage is fundamental to building a resilient and future-ready workforce. It reflects our deep commitment to shared prosperity and the value of the Ekonomi Madani framework,' the Maybank president and group chief executive added.
Maybank has implemented a comprehensive suite of structural and targeted initiatives to ease its lower-income employees' daily burdens and enhance financial security. These include festival aid, interest-free loans and access to a staff welfare fund for urgent medical or disaster-related needs.
The bank also provides strong support for working families through an allowance for childcare and maternity care.
In addition, employees' children enjoy annual back-to-school support and financial aid for those pursuing tertiary studies.
To promote flexibility and personalisation, employees are also given options to optimise their benefits, such as converting Employees Provident Fund contributions for medical coverage or repurposing dental and optical allocations for digital-related expenses.
Additionally, Khairussaleh said Maybank remains steadfast in creating a safe, enabling and inclusive workplace for all its employees, while providing a comprehensive and competitive suite of benefits designed to support the holistic wellbeing of its employees.
For career development, the bank has put in place structured reskilling and upskilling programmes to empower its employees with relevant capabilities which include access to curated digital learning platforms, industry-recognised certifications and skills pathways aligned with internal mobility and career advancement.
'These initiatives contribute directly to the nation's objectives towards workforce resilience, social mobility, and the development of high-quality jobs,' Khairussaleh explained.
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