The employee reward system is essential and crucial for Yangon Xpress Logistics Company.
our core value and strategies:
- Improve employee productivity
- Increase employee motivation
- Enhance employee engagement
- Promote employee satisfaction
- Retain employee loyalty
- Strengthen organization culture
Further, it is also aimed to strengthen our company culture and help retain talented employees. Among various reward system, YXL utilizes reward management systems with the intention to have employees more engaged and improve productivity, which is critical for our business success. YXL believes that the reward management system will improve employee productivity, enhance employee motivation, increase employee satisfaction, encourage employee retention, strengthen company strong culture, and create competitive in recruitment. While the appraisal and reward system are important it should be aligned with YXL goals.
YXL has implemented a key performance indicator (KPI) to measure how effectively YXL is achieving key business objectives.
Our KPIs
- revenue growth,
- revenue per client
- internal process quality
- profit margin
- client retention rate
- customer satisfaction
At YXL, competitive reward system is implemented to acquire, retain, and motivate high potential employees and ultimately achieving the higher levels of performance which include quality of work, quantity of work, presence at work and timeliness of the output.
In our competitive reward system, there are a limited number of rewards and not every employee that meets performance standards receives a reward. Our reward system includes both financial and non-financial rewards, as we name them as Extrinsic and Intrinsic rewards. Financial rewards include salary increase, bonus system and mid-year gift. On the other hand, we also offer non-financial rewards which are; authority and responsibility, promotion and title, recognition, education, appreciation and praise, certificate, participation to decisions, vacation time off and flexible working hours and social rights.
Yangon Xpress Logistics (YXL) strongly believes that fair treatment of employees in the workplace raises trust, enhances morale, deepens loyalty and boost productivity.
We establish a set of simple common rules which all employees are explained clearly such as actions for disciplinary, performance evaluation methods, promotions and raises, gift and paid holiday, qualification, and years of experience benefits.
At YXL, we occasionally elevate the importance of fairness in the workplace in order to create a positive organization culture. It is our belief that employees have tendency to work harder and do their best when they feel respected, valued, when their voices are heard and involve them in decision making, regardless of their levels in the organization.