Employee Welfare Plan
One of the primary things that CWTC takes into consideration is the treatment and welfare of employees. To comply with the laws and regulations, the salary of each employee will not be different due to gender. Our employees' benefits include salary, allowances, bonuses, retirement funds, and insurance. Besides that, we create a standard of salary to satisfy the local price level according to the academic qualifications, experience, and the comparison with market salary survey results.
The company’s overall operations, personal performance, consumer price index and government policies are the criteria that we take into consideration for salary transformation.
The performance appraisal is conducted twice a year. CWTC will use the results as a guideline to affirm, reward and motivate the outstanding performance of employees. Under a fair salary and performance appraisal system, our employees are able to maximize their work potential.
In 2020, employee benefit expenses are TWD 1,305, 307 thousand dollars which is an increase of 3% over the previous year.
Comparison of the number of full-time employees who are not in supervisory positions and their average salary in 2020 with the previous year.
Note ：The number of employees in this table does not include company managers. The definition of manager is based on the applicable scope of "manager" stipulated by the competent authority's 3/27/2004 Taiwan Caizheng Sanzi Letter No. 920001301. It is consistent with the scope of managers disclosed in the company's annual report.
In addition, special leaves, half-paid sick leave, personal leave, marriage leaves, injury leave and family care leave are provided in accordance with the law. In a harmonious and fair working environment, females are entitled to menstrual leave, maternity leave and childbirth leave, and colleagues with spouses are entitled to paternity leave. If colleagues have family needs, they can also apply for parental leave and leave without pay and apply for reinstatement after the period expires.
The company has established labor-management meetings in accordance with the law, and meetings are held regularly at least quarterly. The association is also appointed representatives of both parties apto solicit employee proposals except the labor-management matters submitting for the plans by various units in accordance with the law. Through this meeting, the opinions of both parties were fully communicated and negotiated. In 2020, there was no labor dispute.
CWTC establishes an employee welfare committee in accordance with local laws and regulations, and provides welfare funds in accordance with relevant laws and regulations. Each factory also instructs relevant units to plan and implement the following welfare policies:
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