CIMB Commits Over RM100 Mln To Upskill Workforce This Year

KUALA LUMPUR, July 3 (Bernama) -- 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.

The financial services company said in a statement today 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 a range of initiatives, including reskilling and upskilling programmes, CIMB aims to provide a workplace where employees can thrive and grow, reflecting its commitment in building a more inclusive, resilient and empowered workforce,” it said.

CIMB said 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, underscoring CIMB’s strong commitment to fair and inclusive compensation practices, ensuring every employee in Malaysia is able to achieve a dignified standard of living,” it said.

CIMB group chief executive officer Novan Amirudin said the company has long committed to fair and market-based compensation practices as part of its total rewards framework for employees.

“As a natural progress, we are fully supportive of the GEAR-uP initiative to ‘raise the floor’ of wages, and are committed to a continuous journey of proactive partnership and engagement with our stakeholders.

“Our approach to compensation goes beyond salaries which includes holistic rewards, equitable remuneration structures and allowances that reflect the contributions and value of our people,” he said.

CIMB said the group is committed 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 ramp up on digital, data and AI skills in line with CIMB’s commitment to strengthen its capabilities in the area,” it added.

-- BERNAMA