CIMB said on Sunday the move was to enable fathers to spend more time with their firstborn, and share parental responsibilities in welcoming their new baby into the world.
Under the new enhanced policy, CIMB’s paid paternity leave will be increased from three consecutive working days to one month (30 consecutive calendar days) for new fathers.
The new policy, which took effect on Sunday, 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 maintain their current position or seniority at the bank,” it said.
“This is in tandem with CIMB’s efforts to continuously improve employee welfare through gender-balanced policies,” it said.
CIMB group‘s chief people officer Datuk Hamidah Naziadin said the experience of welcoming a child into the family is both joyful and overwhelming, particularly for new parents.
“These enhanced paternity benefits enable our eligible staff to play a more supportive parental role and establish a stronger bond with their firstborn.
“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.”
CIMB had also earlier allocated up to RM1bil 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.