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All male employees, regardless of their child's nationality, are eligible if they have completed at least three months of continuous service.
Effective 1 October 2023, Maybank Singapore has increased its paternity leave entitlement from two weeks to four for children born on or after this date. All male employees of Maybank Singapore, regardless of their child's nationality, are eligible if they have completed at least three months of continuous service.
In utilising this, the paternity leave can be taken in one continuous block within 16 weeks from the child's birth date or in one continuous block or non-continuously with mutual agreement between the bank and the employee within 12 months from the child's birth date.
The paternity leave enhancement follows Singapore's commitment to supporting young families, especially the role of fathers to spend time with their newborns, Maybank Singapore affirmed in response to queries by HRO.
The government's initiative to increase paternity leave was introduced during the Budget 2023 speech in February this year. Beginning 1 January 2024, working fathers of Singaporean children would be entitled to four weeks of government-paid paternity leave, up from the previous two weeks.
This change will shift from voluntary to mandatory on 1 January 2024, and employers providing the additional leave will be reimbursed by the government.
Wong Keng Fye, Head of Human Capital of Maybank Singapore commented: "The parental leave landscape has been evolving in recent years to better accommodate the needs of the employees and work-life balance. In Maybank, we have enhanced our maternity leave policy in 2017 to allow eligible female employees to extend their maternity leave for up to a year.
"With the early adoption of the paternity leave enhancement, we hope to provide more support to our employees to help them ease into parenthood."
The move helps reflect Maybank Singapore’s commitment towards creating a family-friendly workplace, he added.
Lead image / Shutterstock
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