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The payment will be disseminated to employees in the Officer rank and below, across all Maybank Singapore entities such as Etiqa Insurance, Maybank Asset Management, and Maybank Securities.
Maybank Singapore announced today that it will be providing a one-time payment of S$1,250 each to all its junior employees, specifically those of Officer and below ranks, across all Maybank entities.
This includes the following entities:
- Maybank Singapore,
- Etiqa Insurance Singapore,
- Maybank Asset Management Singapore, and
- Maybank Securities Singapore.
This gesture aims to help these employees alleviate the rising costs of living, whilst reaffirming the Bank’s commitment to a holistic employee value proposition that includes market-competitive rewards.
Alvin Lee, Maybank Singapore Country CEO, said, “We would like to recognise the hard work of our junior colleagues and show our appreciation through this payout, which will help defray rising living costs and ease financial concerns.
“Creating a workplace where employees feel supported and valued is key to our human capital strategy. This is alongside ensuring that they receive fair and transparent compensation that aligns with the industry, in addition to a wide range of benefits such as upskilling through training programmes and competitive medical benefits.”
Additionally, Luke Hee, Chairperson of NTUC Financial and Professional Services Cluster, commented: “Following engagements with the four unions in the cluster, we are very encouraged that Maybank Singapore has acknowledged the work by junior employees through this payout.
“This thoughtful gesture will help employees to manage their costs of living and foster a supportive work environment. We look forward to continued collaboration and partnership with Maybank to enhance the wellbeing of the employees.”
In a similar sentiment, Maybank Singapore announced in a Facebook post that as part of the company's continuous effort to uplift the community through education, Maybank Singapore contributed S$245,900 to its community partner, The Prophet Muhammad’s Birthday Memorial Scholarship Fund Board (LBKM).
"Through such initiatives, we hope to provide greater financial support to students from all walks of life, reinforcing our mission of values-based financing."
READ MORE: One-off payment incoming for about 11,000 junior OCBC employees in February and April 2025
Lead image / Maybank Singapore Facebook
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