Employees of Maybank in Malaysia will get a salary hike in 2019, after signing onto a Collective Agreement with Maybank class one officers (AMCO) group and the Associations of Maybank Executives (AME). This is the first time that AMCO and AME have had a joint signing together.
Both AMCO and AME are the bank’s in-house unions, which represent senior level and junior officer level executives.
The agreement will cover the period from January 1, 2018, to December 31, 2020, will entail members of these two unions for a 10 % salary rise.
The agreement also specifies an increase of up to 30% personal accident and 25% term life insurance coverage.
This collective agreement is a reflection of Maybank’s commitment to remain true to their founding principles which is to uphold the welfare of the employees who have contributed immensely to the growth of the organization, according to Nora Manaf, Group Chief Human Capital Officer of Maybank.