Investor Relations
Governance
Employee and Benefits
Employee Benefits and Pension System
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Benefit
- Labor insurance
- National health insurance
- Group insurance (including occupational accident)
- Contributions to employee pension accounts
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Bonus / Dividend
- Annual salary adjustments
- Senior employee recognition
- Comprehensive employee profit-sharing scheme
- Performance incentive program
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Welfare and Subsidy
- Subsidies for wedding, funeral and childbirth
- Subsidies for hospitalization
- Emergency relief
- Club activities
- Year-end party with lucky draw
1. Employee welfare measures:
Employee benefits are in line with labor laws and regulations. CWE and subsidiaries, both conform to employee welfare regulations, have established welfare committees to manage employee benefits.
The Company provides employees with annual salary adjustments, senior employee recognition, comprehensive employee profit-sharing scheme as well as performance incentive program in addition to labor, health and group (including occupational accident) insurances and pension reserves.
As for the Employee Welfare Committee, it offers subsidies for wedding, funeral, childbirth and hospitalization, emergency relief, club activities and year-end party with lucky draw.
2. Retirement system and implementation thereof:
For employees under the old system (the Labor Standards Act), the Company had made monthly contributions based on total salaries to the pension fund managed by the Labor Pension Fund Supervisory Committee until it settled the seniority of these employees pursuant to the Labor Pension Act in December 2019. For employees adopting the new pension system (the Labor Pension Act), the Company makes a contribution equals to 6% of their salaries to their individual pension accounts at the Bureau of Labor Insurance.
3. Labor-management agreements and measures to protect employee rights and interests:
The Company has established work rules for both labor and management to follow and these work rules have been approved by the Export Processing Zone Administration, MOEA. There are employee complaint channels available to maintain sound labor-management relations.