Friendly Workplace
Employees are important assets to the company, and our main goal is to create a friendly workplace where employees can work with peace of mind and have opportunities for growth and development. We highly value the voices of our employees and maintain continuous communication through diverse channels. Our continuous efforts aim to create a friendly workplace with a focus on employee well-being.
Average Training Hours for Indirect Employees in 2023
The closure rate of employee complaint channels in 2023
The employee retention rate for outstanding performers in 2022 reached
Employee Care
To ensure the rights and interests of employees and BenQ Materials, a hiring contract is jointly signed with employees on their first day of employment, which clearly states the minimum legal notice period required for contract termination according to the respective operational locations' regulations. BenQ Materials has declared its commitment to safeguarding employee rights and upholding human rights in its policies, and has implemented various regulations and measures to enforce these principles in its management systems.
Welfare Items Superior to Regulations
- The company provides employee group insurance, in order to provide greater safety and security to employees.
- ew employees are permitted to take 7 days of annual paid leave in advance, in order to facilitate employees to arrange their time.
- One day of paid volunteer leave is provided annually, allowingemployees to participate in volunteer activities.
- Flexible clock-in system for indirect employees, allowing employees to adjust their commute to work time depending upon the family needs.
- COVID-19 insurance is provided (such as vaccination insurance,epidemic control insurance)
- New employees on-board of the jobs for half a year are entitled to 3 days of annual paid leave.
- 10 days of paternity leave was offered.
| Type | BenQ Materials Employee Program |
|---|---|
Maternity leave |
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Pregnancy leave |
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Childcare allowance |
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Paternity and Maternity Leave |
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Incentive System
| Item | Explanation |
|---|---|
Year-end bonus |
The fixed year-end bonus is equivalent to one-month salary, and holiday bonus equivalent to half-month salary is issued on Moon Festival and Dragon-boat Festival respectively. |
Profit sharing and performance bonus |
Depending upon the business operation of the company, and based on the employee's performance, profit sharing and performance bonus is issued at the end of each year. |
Patent reward |
R&D Department has established the patent application goal, and when such goal is achieved, reward is issued. |
Referral reward |
For direct personnel of some departments, employee referral reward is established, in order to encourage employees to refer to friends and relatives to join the company. |
Contest reward |
CIP program is organized annually, and for crossdepartment project team with outstanding performance, reward is issued as encouragement. |
Excellence reward |
Excellence reward presentation ceremony is the annual role model employee election event, and award winner is announced at the end of each year, and medal and monetary reward are issued to the winners. |
Seniority gift |
The reward is calculated on a five-year interval, and for employees of long seniority is presented with medal and gift at the end of each year periodically. |
Certification Allowance |
Direct staff members who possess relevant professional certifications and are actively engaged in related job responsibilities are eligible for an allowance. |
External Training Subsidy |
All employees who participate in external professional training or pursue on-the-job education are eligible to apply for training subsidies. |
Employee Retirement System
In accordance with the Labor Standards Act, the company allocates retirement reserve funds monthly to an employee pension fund, managed by the Labor Pension Reserve Supervision Committee. These funds are deposited into a special account at Taiwan Bank. As of the end of 2023, the fair value of the planned assets in this account was TWD 53,449 thousand. For 2023, the company recognized an expense of TWD 2,111 thousand. Any shortfall in contributions is recorded as accrued retirement liabilities, amounting to TWD 12,116 thousand by the end of 2023.
In accordance with the Labor Standards Act, the company allocates retirement reserve funds monthly to an employee pension fund, managed by the Labor Pension Reserve Supervision Committee. These funds are deposited into a special account at Taiwan Bank. As of the end of 2023, the fair value of the planned assets in this account was TWD 53,449 thousand. For 2023, the company recognized an expense of TWD 2,111 thousand. Any shortfall in contributions is recorded as accrued retirement liabilities, amounting to TWD 12,116 thousand by the end of 2023.
Remuneration Management
BenQ Materials has implemented a comprehensive and market-competitive compensation structure to attract top talent to its team. Salaries for new employees are determined based on the specific job role, individual educational and professional background, knowledge, skills, and work experience, without any discrimination based on gender, religion, race, political affiliation, or marital status. For entry-level positions with no work experience, employees are hired at a salary that exceeds the minimum wage stipulated by local labor laws at the operational site, with no gender-based differences. Due to variations in minimum wage regulations and living standards, there are slight differences in salary structures between the Suzhou and Wuhu plants in China.
