Kuala lumpur: CIMB Group Holdings Bhd aims to accelerate its investment in training and development for its workforce, with over RM100 million committed for 2025 to focus on skills in digital technology, artificial intelligence (AI), data, and sustainability.
According to BERNAMA News Agency, the financial services company stated that the group continues to uphold its purpose of advancing customers and society by promoting inclusive growth and long-term value creation for its employees. Through various initiatives, including reskilling and upskilling programs, CIMB aims to provide a workplace where employees can thrive and grow, reflecting its commitment to building a more inclusive, resilient, and empowered workforce.
CIMB disclosed that all its permanent employees in Malaysia are currently earning above the national living wage threshold of RM3,100 per month, as outlined in the Employees Provident Fund’s Belanjawanku Expenditure Guide. This commitment fully supports the Finance Ministry’s Government-linked Enterprises Activation and Reform Programme (GEAR-uP) initiative in championing equitable, market-based compensation practices. It underscores CIMB’s strong commitment to fair and inclusive compensation practices, ensuring every employee in Malaysia is able to achieve a dignified standard of living.
CIMB Group Chief Executive Officer Novan Amirudin emphasized that the company has long committed to fair and market-based compensation practices as part of its total rewards framework for employees. As a natural progression, the company is fully supportive of the GEAR-uP initiative to ‘raise the floor’ of wages and is committed to a continuous journey of proactive partnership and engagement with stakeholders. The approach to compensation goes beyond salaries, including holistic rewards, equitable remuneration structures, and allowances that reflect the contributions and value of their people.
CIMB also stated the group’s commitment to equipping its workforce with the tools and capabilities needed to stay competitive and future-ready. In 2024, about 2.66 million learning hours had been delivered, with a focus on digital, data, and AI skills in line with CIMB’s commitment to strengthening its capabilities in these areas.