(File pix) Effective from today, the paid paternity leave will be increased from previous three consecutive working days to one month.

KUALA LUMPUR: CIMB Bank Bhd (CIMB) has introduced a one-month long paid paternity leave, to allow fathers working with the bank to spend more time with their firstborn and share parental responsibilities in welcoming their baby into the world.

Effective from today, the paid paternity leave will be increased from previous three consecutive working days to one month (30 consecutive calendar days), the bank said in a statement.

It said that the new enhanced policy complements the bank’s staff rejuvenation programme, which allows employees to take up to six months of unpaid leave for personal reasons, including extended maternity/paternity leave, and maintain their current position at the bank.

CIMB Group's chief people officer Datuk Hamidah Naziadin said the company hopes that with the longer paternity leave, eligible staff will have a stronger bond with their firstborn and able to provide a supportive parental role.

“Welcoming a child into the family is both joyful and overwhelming experience particularly for new parents. CIMB wants the staff to feel assured that they are supported in achieving a work-life balance,”

“This is yet another initiative to show how CIMB values its employees reflecting our overall effort to embrace global best practices on human resources management," she said.

As part of its commitment towards staff well-being, CIMB had recently set aside RM1 billion for its programme to assist lower income employees in their housing loans.

The interest-free housing loan period is for a maximum of five years, or three years for completed properties.

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