The most financially talented bank in all of Singapore – as well as one of the most well-respected banks in all of Singapore – is easily Maybank.
Not only does this bank have a monthly attrition rate as low as 0.75% (compared to the national rate of 2.0%), but it also has had almost 50% of its employees for more than five years, keeping them three full years longer than nearly any other bank in all of Singapore.
This is a bank that is very serious about its reputation, very serious about customer service and support, and is especially serious about making sure that the talent and employees that they hire are the best of the best – and treated as such!
The impressive engagement and retention rates, tremendously valuable assets in the financial service world, are better than industry statistics worldwide – further cementing the sterling silver reputation that Maybank has in Singapore.
People from all over Southeast Asia (including influential entrepreneurs, investors, and financiers) seek out these banks and operations and look for new ways to do business with this company because of the talent they are able to attract.
Career mentorship and leadership involvement are a huge bonus
Part of what helps Maybank attract so much top financial talent has to be the fact that they go so far to help new hires with serious career mentorship programs and leadership from executives and upper management pretty much every single step of the career path.
New employees know that they are going to be provided with every opportunity to succeed, but not only that, they are also going to receive top-notch assets, tools, and training to further their skills and ability to become even more valuable to the company– as well as their customers.
Maybank feels that age is just a number
It also helps Maybank tremendously that they don’t think about the age of new hires when they are bringing talent on board, but instead think about the talent, skills, and abilities that they bring to the table instead.
Other banks and financial institutions all over Singapore (and the rest of the world, for that matter) focus primarily on hiring “kids” just out of college and those that are just now getting started in the world of finance. This is an odd approach indeed, especially if there are older, more experienced, and more talented individuals available to fill these positions.
Maybank doesn’t suffer from that kind of shortsighted approach.
Serious about technology and forward thinking practices
At the end of the day, this bank isn’t an old nervous about the intrusion and dependency on technology that the financial world is dealing with today.
This company is serious about leveraging any and all tools and technology that can benefit customers and services across all of their operations, and is always looking to the future for ways to get out ahead of the curve and provide the best options for their customers before anyone else in the industry is able to.
Morris Edwards is a content writer at companyregistrationinsingapore.com.sg, he writes different topics like MAS a strong supporter of Fintech, Wealth investments paying off for Singapore’s big three banks and all topics related to company secretarial services and Singapore Company Registration.