Maybank remains committed to 'fair, inclusive and sustainable' pay practices
KUALA LUMPUR: Malayan Banking Bhd (Maybank) said all its employees in Malaysia are earning above the Living Wage threshold of RM3,100 a month, 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, president and group CEO of Maybank said that this commitment is aligned to Maybank's purpose of being a values based platform, powered by a bionic workforce that humanises financial services and underscores long-standing commitment to fair, inclusive and sustainable pay practices.
'At Maybank, we believe that employees welfare and wellbeing, 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," he added.
Additionally, he said Maybank remains steadfast to 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," said Khairussaleh.
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