Following Maybank’s 10% raise for its employees, CIMB Group Holdings Bhd also announced a new benefit for its employees. The bank is providing 6 months of paid maternity leave for first-time mothers.
Taking effect on January 1, 2019, the benefit applies to all its employees in Malaysia. This is another step forward for new parents as last year, CIMB announced a one-month paid paternity leave for first-time fathers.
CIMB said first time mothers will have the flexibility to begin this benefit as soon as 30 days before their estimated delivery date. According to CIMB, this benefit could be further complemented by CIMB’s Staff Rejuvenation Programme which allows workers up to six months’ unpaid leave. This means that first-time mothers could effectively take a whole year leave to care for their first-born child.
CIMB Group Holdings Bhd group chief people officer Datuk Hamidah Naziadin with CIMB's expectant mothers. Picture credit: CIMB.
CIMB Group chief people officer, Datuk Hamidah Naziadin said “This enhanced maternity benefit, and our existing one-month paternity leave are part of our new holistic approach on managing human capital, by recognising that employees have different needs at different phases of their life, and by promoting a shared parenting culture for young families in our workforce.”
Hamidah also said that CIMB believes in giving first-time parents more time to adjust to parenthood will create a better experience with their first-borns while still maintaining their career. According to her, CIMB is also exploring the possibility of extending the benefit to all their employees Group-wide.
According to Thomson Reuters’ Diversity & Inclusion (D&I) Index 2018, CIMB was ranked one of the top 100 most diverse and inclusive organisations worldwide. The ranking is based on the company’s environmental, social, and governance data, designed to objectively measure the relative performance of more than 7,000 organisations worldwide.
One of the contributing factors to its inclusion in the index is CIMB’s HR policy on employees’ holistic growth.
In 2017, in addition to its existing 6-month maternity leave with full pay, Maybank introduced a policy that allows its employees to apply for 3 extra months of maternity leave with half-pay, and a further 6 months without pay.
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