Maybank Singapore has increased its paternity leave entitlement from two weeks to four for children born on or after 1 October 2023. All male employees of Maybank Singapore, regardless of their child’s nationality, are eligible if they have completed at least three months of continuous service.
This move is ahead of the Singapore government’s initiative to double paternity leave to four weeks for working fathers of Singaporean children, which will become mandatory on 1 January 2024.
Wong Keng Fye, Head of Human Capital of Maybank Singapore, said that the early adoption of the paternity leave enhancement is to provide more support to employees to help them ease into parenthood.
“The parental leave landscape has been evolving in recent years to better accommodate the needs of the employees and work-life balance. In Maybank, we have enhanced our maternity leave policy in 2017 to allow eligible female employees to extend their maternity leave for up to a year,” he said.
“With the early adoption of the paternity leave enhancement, we hope to provide more support to our employees to help them ease into parenthood.”
The move also reflects Maybank Singapore’s commitment to creating a family-friendly workplace, he added.
