01 September 2020

Maybank commits to 100 traineeship positions and bolsters the financial safety net of employees amid economic uncertainty

Maybank Singapore today announced its commitment to recruit at least 100 fresh graduates and mid-career candidates under the newly established Maybank Traineeship Programme. At the same time, the bank has implemented two new employee programmes to bolster staff’s financial safety net amid economic uncertainty, given that some of staff’s family members may have been financially impacted by weak market conditions.

Mr. Wong Keng Fye, Head of Human Capital at Maybank Singapore, said, “Maybank has been operating in Singapore for 60 years and nurtured generations of Singapore-core workforce. Currently, 92% of our 2,000-strong employees are Singapore citizens or permanent residents. With the aim of building a resilient workforce, we took a holistic approach to caring for our colleagues during this challenging period and strengthened areas that will help employees who may need some financial assistance. At the same time, we are also looking to build a talent pipeline as our business grows, therefore trainees who join us will gain work exposure that will prepare them for an economic recovery.”

Under Maybank Traineeship Programme, the bank plans to recruit fresh graduates and mid-career experienced workers for a 12-month structured training programme in various functions, which will offer them an opportunity to gain invaluable work experience with the possibility of a permanent position at the end of the programme.

Maybank understands that some employees’ household income may have been adversely affected due to household members facing job losses in the current situation. With the intention to improve employee welfare, all permanent employees earning S$4,000 or less per month will receive a one-time COVID-19 cash support of S$1,000 to help alleviate some of their financial burden.

In addition, employees in job grade AVP and below who need extra support can apply for Employee COVID-19 Support Scheme to tap a one-time cash funding of S$2,000 to tide over financial hardships. 

Learning and development programmes to enable workforce transformation will also be rolled out to equip employees with new skills in the areas of data analytics, digital, agility and change as well as some functional skills. This is to prepare for the transition of roles which may be impacted by digitalisation and sustainability focus. Maybank will also take care of staff’s well-being through a series of wellness programmes to help them perform better at work and maintain work-life balance.

The bank has also recently pledged not to lay off employees because of COVID-19 pandemic. Earlier in April 2020, Maybank Singapore disbursed financial assistance to staff affected by Malaysia’s movement control order, offered expense reimbursement to staff serving stay-home notice, provided allowances for staff’s transport and meals during the Circuit Breaker period and presented appreciation vouchers to frontline staff.