1.Employee welfare measures
In order to promote a balance between employees’ work and life and improve job satisfaction, in addition to creating a friendly working atmosphere and a comfortable working environment, various employee welfare measures are provided to further strengthen harmonious labor relations, as follows:
| Item | Explanation |
|---|---|
| Subsidies and allowances | Wedding cash gift, hospitalization condolence money, childbirth congratulatory cash gift, birthday cash gift, holiday subsidy, funeral assistance, group insurance, employee health check, year-end banquet activities. |
| Welfare facilities | Employee parking lot, lactation room. |
| Employee Insurance | In addition to statutory insurance, we provide group insurance, including accident insurance, accident medical i nsurance, hospitalization and surgical medical insurance, cancer insurance, and travel insurance for peace of mind. |
| Flexible working hours | Implement flexible adjustments to the regular working hours, allowing colleagues to adjust their work schedules according to their personal needs for family care. |
| Employee bereavement support | Establish a bereavement policy to provide additional care for the family members of employees in the event of their death, whether it is work-related or non-work-related. |
| Employee gatherings | Organize occasional employee dinners, and the office provides coffee and snacks. |
| Other benefits | To ensure a balance between work and quality of life, employees can request parental leave or other types of leave without pay based on their family or personal needs. They can resume their duties after completing the designated tasks or phases. |
| Employee Welfare Committee | Establish Employee Welfare Committee that provides welfare allowances such as travel subsidies, relocation assistance, marriage and funeral assistance, childbirth grants, and medical condolence money. |
2.Employee training and development status:
The company has established an “Education and Training Policy” to conduct pre-employment and on-the-job training for employees. With the belief that “people are the company’s greatest asset,” we provide comprehensive training programs and avenues for professional development to our colleagues. The employees’ training and development status is taken into consideration as a performance assessment factor during the annual review. Here is the summary of employee training and development for the year 2023:
| Category | No. of classes | Total Attendees | Training Hours | Training Costs(NT$) |
|---|---|---|---|---|
| Professional Skill Training | 14 | 14 | 120 | 40,600 |
| Supervisory Skills Training | 0 | 0 | 0 | 0 |
| General Education Training | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 120 | 40,600 |
3.Retirement System and its Implementation
The company has established employee retirement regulations in accordance with relevant provisions of the Labor Standards Act. It allocates 4% of the total monthly salary as employee retirement reserve and deposits it into a dedicated account at the Central Trust of China. In compliance with the Labor Standards Act, the company also handles the payment of employee retirement benefits.
Starting from July 1, 2005, employees who choose to apply the Labor Pension Act for their retirement benefits will have 6% of their monthly salary allocated to their individual retirement account at the Labor Insurance Bureau, ensuring a stable post-retirement life for employees.
| Retirement Pension System | Explanation | Calculation of Retirement Pension |
|---|---|---|
| Old System Retirement Pension (Labor Standards Act) | Based on the employee’s total monthly salary, a monthly contribution is made and deposited into the Old System Retirement Pension Trust Account. The contribution rate for the fiscal year 112 is 4%, and the accumulated amount in the Labor Retirement Reserve Fund is NT$18,125 million. | For the first 15 years of service, 2 units are granted for each year. From the 16th year onwards, 1 unit is granted for each year, with a maximum total of 45 units. For less than half a year of service, it is calculated as half a year; for half a year or more, it is calculated as one year. (Units are calculated based on the average wage for the six months prior to retirement.) |
| New System Retirement Pension (Labor Pension Act) | Based on the employee’s insured salary level, a monthly contribution is made and deposited into the individual account. The contribution rate for the fiscal year 112 is 6%, with a total contribution of NT$1,737 million. | 1.Lump-sum Retirement Pension: The principal and accumulated earnings in the individual retirement pension account are disbursed in a lump sum. |
| 2.Monthly Retirement Pension: The accumulated principal and earnings in the individual retirement pension account are used to calculate the monthly retirement pension amount based on factors such as the average remaining life expectancy and interest rate using an annuity life table. The pension is disbursed on a quarterly basis. |
4.Status of Agreements between Labor and Management
To foster harmonious labor-management relations, our company has established labor-management meetings and channels for employee complaints, such as an employee complaint mailbox, to ensure smooth communication for employee grievances. As a result, since the establishment of the company, we have maintained harmonious labor-management relations without any significant issues requiring coordination due to labor disputes.
5.Status of Measures to Protect Employee Rights and Benefits
In addition to formulating employee handbooks in accordance with legal regulations to clearly define various labor conditions and safeguard employee rights, our company has also established labor-management meetings, an employee welfare committee, and an employee complaint mailbox as required by law. Through these channels, employees can obtain fair and reasonable resolution of their rights and benefits. To date, there have been no incidents compromising employee rights within our company.1