CIMB ushers in 1-month paid paternity leave

CIMB Bank Bhd has introduced a one-month paid paternity leave under its new enhanced policy to enable fathers to spend more time 
with their firstborn, and share 
parental responsibilities in 
welcoming their new baby into the world.

Under this new policy, the paid paternity leave would be increased from three consecutive working days to one month (30 consecutive calendar days), said the bank in a statement.

Effective today, the new 
policy complements the bank’s existing Staff Rejuvenation Programme, which allows staff to take up to six months unpaid leave for personal reasons, including extended maternity/paternity leave, and maintaining their current position 
or seniority at the bank.

This is in tandem with CIMB’s efforts to continuously improve employee welfare through gender-balanced 
policies, it added.

“This is yet another initiative to show how CIMB values its employees by ensuring that they are supported in achieving a work-life balance, reflecting our overall effort to embrace global best practices on human resource management,” said CIMB Group’s chief people officer Datuk Hamidah Naziadin. To demonstrate its commitment to staff wellbeing, CIMB had also earlier allocated up to RM1 billion for its interest-free housing loans for the first five years of loan tenure, together with a raft of other benefits, to help its lower income staff manage their monthly obligations.

— Bernama