Salary increase for Maybank employees

KUALA LUMPUR: Members of Maybank’s in-house officers unions will get a 10% salary adjustment across the board, subject to the maximum salary in their respective salary ranges.

“This adjustment is one of the highest increments awarded to the employees from the banking industry of Malaysia,” the country’s largest bank said in a statement yesterday.

The adjustment follows the recent signing of collective agreements (CA) between Maybank and its in-house unions, Maybank Class One Officers (AMCO) and Association of Maybank Executives (AME), for the Jan 1, 2018 to Dec 31, 2020 period.

AMCO represents the executive to senior executive level while AME represents the junior officer level.

In addition to the salary adjustment, the CA would see a raise of up to 30% personal accident and 25% term life insurance coverage, which would further support the employees and their families during unfortunate events. — Bernama

Source: TheStar