Maybank Singapore gave out up to S$1,250 to junior employees

The one-time payment was given out in February.

Maybank Singapore has given out a one-time payment of up to S$1,250 each to 141 junior employees.

In a press release, the bank announced that it has allotted S$169,500 to help the affected employees– Class II and below– cope with rising costs of living.

The payments were given out in February.

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Maybank Singapore Country CEO Alvin Lee says that the payout is a small way for the bank to show its appreciation to the work contributions of their employees.

Lee also expressed hopes that the payout will help defray rising living costs. 

“We are committed to support our employees and to ensure that they receive fair and competitive wages in line with industry benchmarks, in addition to a comprehensive range of benefits such as upskilling through  training programmes and competitive medical benefits,” Lee said in a press release.