Malaysia’s Maybank has announced a very generous maternity leave extension of up to a year for new mums.
This is significantly longer than the national mandatory 60 days, or two months, that mothers get.
But Maybank’s maternity leave isn’t fully paid. Just the first three months is paid, and employees will have to apply for an extended three months, at half-pay.
The final six-month stretch is unpaid.
Still, the company’s new maternity policy makes it the first bank in the country to offer such a long leave period to employees.
“[The] policy presents an opportunity for our female employees to cope with the demands of their newborn child and motherhood, while finding the balance to juggle work and life before returning to, and performing effectively, in their roles in the workplace,” said Nora Manaf, Maybank’s chief human capital officer. Read more…Malaysian bank offers year-long maternity leave, but with a catch