CIMB Group Holdings Berhad (CIMB) is reinforcing its commitment to fostering a more inclusive and resilient workforce by investing in employee development. This initiative aligns with the Malaysian government’s GEAR-uP initiative, which promotes equitable and market-based compensation.
CIMB announced that all its permanent employees in Malaysia earn above the national living wage threshold of RM3,100 per month, as stated in the Employee Provident Fund’s Belanjawanku Expenditure Guide. This move supports the Ministry of Finance’s GEAR-uP initiative and reflects CIMB’s dedication to fair compensation practices.
The Group plans to invest over RM100 million in 2025 to enhance training and development focused on future skills like digital technology, artificial intelligence, data management, and sustainability. In 2024 alone, CIMB delivered 2.66 million learning hours aimed at strengthening digital and AI skills among its workforce.
CIMB is also enhancing its leadership pipeline through partnerships with globally recognized institutions such as IMD Business School and Melbourne Business School. The “Navigating My Career” platform provides personalized career development opportunities, while the “Regional Mobility” program has facilitated numerous regional assignments since 2024.
Furthermore, CIMB offers a flexible benefits program that allows employees to tailor their benefits to personal needs, including health care and family support. Flexible working arrangements are part of the Group’s strategy for better work-life integration. These initiatives have resulted in high employee engagement scores within ASEAN.
Novan Amirudin, Group Chief Executive Officer of CIMB Group, emphasized the importance of fair compensation: “CIMB 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.”
As a leading ASEAN bank, CIMB views its employees as vital assets central to its strategy for building a high-performing workforce through inclusive development and upskilling efforts.
