The Bank has a single remuneration and bonus system which has been in practice since the early days of the Central Bank of Myanmar. A good compensation system (payment in the form of hourly wages or annual salaries); benefits (insurance, pensions, vacation, sick days, etc); and intrinsic satisfaction (good work environment, interesting work, etc) should be provided because an employee’s performance can be influenced greatly by these.
The CBM provides hourly wages for overtime work, pensions for invalids, maternity leave for 3 months, and medical leave for 6 months on half-month salary. Although the Bank no longer practices the bonus system, it provides a monthly so-called bonus of about two-fifth of the monthly salary for the lowest ranking employees working at the head office at Nay Pyi Taw.
The Bank also provides housing facilities for employees, charging rental of 10% of the employees’ salaries, as well as transportation facilities from home to office free of charge. The Bank also provides healthcare facilities and sponsors sport tournaments for employees.