Latest news with #BelanjawankuExpenditureGuide
The Star
a day ago
- Business
- The Star
CIMB commits over RM100mil to upskill workforce
CIMB Group Holdings Bhd group chief executive officer Novan Amirudin. KUALA LUMPUR: CIMB Group Holdings Bhd aims to accelerate its investment in training and development for its workforce, with over RM100mil committed for this year to focus on skills in digital technology, artificial intelligence (AI), data and sustainability. The financial services company said in a statement yesterday that the group continues to uphold its purpose of advancing customers and society by promoting inclusive growth and long-term value creation for its employees. 'Through a range of initiatives, including reskilling and upskilling programmes, CIMB aims to provide a workplace where employees can thrive and grow, reflecting its commitment in building a more inclusive, resilient and empowered workforce,' it said. CIMB said all its permanent employees in Malaysia are currently earning above the national living wage threshold of RM3,100 per month as outlined in the Employees Provident Fund's Belanjawanku Expenditure Guide. 'This commitment fully supports the Finance Ministry's Government-linked Enterprises Activation and Reform Programme (GEAR-uP) initiative in championing equitable, market-based compensation practices, underscoring CIMB's strong commitment to fair and inclusive compensation practices, ensuring every employee in Malaysia is able to achieve a dignified standard of living,' it said. CIMB group chief executive officer Novan Amirudin said the company has long committed to fair and market-based compensation practices as part of its total rewards framework for employees. 'We are fully supportive of the GEAR-uP initiative to 'raise the floor' of wages, and are committed to a continuous journey of proactive partnership and engagement with our stakeholders. 'Our approach to compensation goes beyond salaries which includes holistic rewards, equitable remuneration structures and allowances that reflect the contributions and value of our people,' he said. CIMB said the group is committed to equipping its workforce with the tools and capabilities needed to stay competitive and future-ready. 'Last year, about 2.66 million learning hours had been delivered with a ramp up on digital, data and AI skills in line with CIMB's commitment to strengthen its capabilities in the area,' it added. — Bernama
The Star
2 days ago
- Business
- The Star
CIMB commits over RM100mil to upskill workforce this year
KUALA LUMPUR: CIMB Group Holdings Bhd aims to accelerate its investment in training and development for its workforce, with over RM100 million committed for 2025 to focus on skills in digital technology, artificial intelligence (AI), data and sustainability. The financial services company said in a statement today that the group continues to uphold its purpose of advancing customers and society by promoting inclusive growth and long-term value creation for its employees. "Through a range of initiatives, including reskilling and upskilling programmes, CIMB aims to provide a workplace where employees can thrive and grow, reflecting its commitment in building a more inclusive, resilient and empowered workforce,' it said. CIMB said all its permanent employees in Malaysia are currently earning above the national living wage threshold of RM3,100 per month as outlined in the Employees Provident Fund's Belanjawanku Expenditure Guide. "This commitment fully supports the Finance Ministry's Government-linked Enterprises Activation and Reform Programme (GEAR-uP) initiative in championing equitable, market-based compensation practices, underscoring CIMB's strong commitment to fair and inclusive compensation practices, ensuring every employee in Malaysia is able to achieve a dignified standard of living,' it said. CIMB group chief executive officer Novan Amirudin said the company has long committed to fair and market-based compensation practices as part of its total rewards framework for employees. "As a natural progress, we are fully supportive of the GEAR-uP initiative to 'raise the floor' of wages, and are committed to a continuous journey of proactive partnership and engagement with our stakeholders. "Our approach to compensation goes beyond salaries, which includes holistic rewards, equitable remuneration structures and allowances that reflect the contributions and value of our people,' he said. CIMB said the group is committed to equipping its workforce with the tools and capabilities needed to stay competitive and future-ready. "In 2024, about 2.66 million learning hours had been delivered with a ramp-up on digital, data and AI skills in line with CIMB's commitment to strengthen its capabilities in the area,' it added. - Bernama
The Star
3 days ago
- Business
- The Star
RHB delivers on living wage, focuses on employee well-being and growth
KUALA LUMPUR: RHB Banking Group announced that all permanent employees in Malaysia are earning at or above the nationally recognised Living Wage benchmark of RM3,100 per month, as outlined in the Employee Provident Fund's Belanjawanku Expenditure Guide. The commitment supports the Finance Ministry's call for financial institutions and Government Linked Companies (GLCs) to lead in advancing fair compensation, aligned with the 'Raise the Floor' pillar of the Ekonomi Madani framework to improve quality of life for all Malaysians. RHB's full implementation of the Living Wage framework reflects its commitment as a responsible employer and its role in supporting Malaysia's broader efforts to improve the standard of living of the rakyat. 'At RHB, fair pay is a fundamental part of building a progressive and inclusive workplace. Our compensation practices reflect this but our duty goes further. Our Employee Value Proposition is designed to support our employees holistically, ensuring their physical, emotional and financial well-being, in a meaningful and practical way. 'This commitment is reflected in our employee engagement score which stands at 87%, a strong indicator of the trust and connection our people have with the organisation,' said RHB Banking Group managing director and chief executive officer Datuk Mohd Rashid Mohamad. In addition to the living wage commitment, mental health and wellness remain core areas of focus in RHB. The Group provides access to free confidential professional counselling and emotional support services through its Employee Assistance Programme, available to all employees Group wide. These are complemented by regular mental health webinars and awareness initiatives that help employees manage stress, strengthen emotional intelligence and maintain work-life balance. In 2024, RHB introduced a digital health platform offering personalised coaching, wellness tracking and lifestyle incentives, further strengthening its holistic approach to employee wellbeing. Employees also benefit from targeted financial support, including festive advance programmes, preferential rate staff loans and a dedicated Staff Welfare Fund for emergencies or personal hardship. Comprehensive medical coverage, robust insurance protection and flexible leave policies further contribute to a work environment that supports both individual and family well-being. 'We recognise the complex pressures in today's world, emotionally, financially and professionally. Our responsibility is to support them in all dimensions, not just through compensation, but through care, flexibility and long term opportunities to grow,' Mohd Rashid explained. RHB continues to invest in structured career development to future proof its workforce. In 2024 alone, the Group delivered over 390,000 hours of learning, averaging 29 hours per employee, with more than 13,000 employees participating in programmes covering digital transformation, sustainability, leadership and core technical skills. These efforts align with national priorities to create high quality jobs and strengthen social mobility. 'Our people are our greatest asset. When they thrive, our customers, communities and the nation thrive with them,' he added. RHB will continue to refine its people strategies to ensure long-term impact, for employees and the communities it serves, contributing to Malaysia's aspirations for sustainable and inclusive economic growth.
