Hokuo Ryutsu Co., Ltd. increases bonuses and compensation payments to full-time employees to four times a year

Hokuo Ryutsu Co., Ltd. (Representative Director Hidenori Kuroda, Kita-ku, Tokyo) has launched a new bonus system for full-time employees from November 2023.

Hokuo Ryutsu Co., Ltd., which is celebrating its 43rd year in business, has decided to reduce the number of bonuses and remuneration paid each year in order to alleviate employee concerns and improve business performance, taking into consideration countermeasures for the 2024 problem and trends in wage increases during the spring labor union. We decided to increase it to 4 times.

Aiming to improve performance through company-wide awareness reform

Since last year, we have been implementing this bonus and compensation system for driver positions. Furthermore, as a preliminary step to increasing the number of payments, we reviewed evaluation items and mechanisms and improved the system design. Through this, we are steadily moving forward with measures to address the 2024 problem, with the aim of identifying detailed logistics issues, improving operational efficiency, and increasing employee income.

Comments from the bonus system designer

Our bonus system designer says: ``People in the field are concerned that working hours will become shorter due to overtime regulations, and that the decrease in overtime pay will affect their lives.Therefore, in order to both alleviate concerns and increase income, we have implemented four times a year. Many workers in the logistics industry may initially think that ``shorter work hours = less overtime pay'' due to overtime regulations, but we believe that this regulation means ``shorter work hours = less overtime pay''. As a result, we decided to implement system reforms by designing a new evaluation system and increasing the number of payments. In paying bonuses and remuneration, we accommodate the diverse working styles of employees and incorporate evaluation items related to business improvement and efficiency improvement. We believe that increasing the frequency of payments will not only improve overall income, but also provide an environment where employees can receive regular compensation, which will alleviate employee concerns.

Comments from the system administrator

The system administrator stated as follows: “Not only management but also front-line employees have been watching various news regarding the 2024 problem, and have a strong feeling that their industry is in a period of change.In order to increase the amount and number of payments, , we need to increase our profit margin. In order to improve the profit margin of the logistics industry, it is important to improve delivery efficiency and cooperate with the driver and warehouse departments. This evaluation system is the basis of bonus payment. is a system that allows frontline employees to experience for themselves how their efforts have contributed to business results, and the amount of payment increases according to the degree of contribution.In addition, by increasing the number of payments, This will prevent you from becoming sluggish, give you more opportunities to reflect on your work efforts on a quarterly basis, and increase your awareness of your business performance.Furthermore, the evaluation items you achieve will always accelerate the speed with which you address internal and industry issues. .”

The Hokuo Ryutsu Group will continue its corporate efforts to embody its management philosophy of being a food distribution innovator that provides peace of mind.

■Press release source - Hokuo Ryutsu Co., Ltd.
https://companydata.tsujigawa.com/company/2011501004255/