Salary and performance reviewDue to the deterioration of the employment environment, the starting salary for freshmen is generally low in recent years. Tatung, as a deep plowing corporation for a century in Taiwan, well protects the salaries and benefits for her employees. Tatung enacts her rules and internal control to ensure the minimum salary is complied with regulation. Tatung discloses the structure of the salary and methods of payment on "Company Rules", so that all the employees understand their rights and interests.
▼Ratio between basic salary and legal salary for different employment types
▼ Salary ratio between female and male employees (by employment type)
▼ Number of non-management employees2, average salary, and median salary
Post-employment benefitsTatung adopts "Defined contribution plan" and "Defined benefits plan" as its post employment benefits. For "Defined contribution plan", Tatung makes monthly contributions of no less than 6% of the employees' monthly wages to the employees' individual pension accounts in accordance with the Labor Pension Act. Expenses under the defined contribution plan for 2019 were NTD 68,473 thousand. For "Defined benefits plan", Tatung contributes an amount equivalent to 4% of the employees' total salaries and wages on a monthly basis in accordance to Labor Standard Act to the pension fund deposited at the Bank of Taiwan in the name of the administered pension fund committee. Before the end of each year, Tatung assesses the balance in the designated labor pension fund. If the amount is inadequate to pay pensions calculated for workers retiring in the same year, Tatung will make up the difference in one appropriation before the end of March the following year. Tatung expects to contribute NTD 293,600 thousand to its defined benefit plan during the 10 months beginning after 2019.12.31. For detailed post-employment benefits, please refer to Tatung 2019 Annual Report page 409~412.
WelfareTatung Welfare Committee handles a broad range of employee welfare issues including: daily activities, financial assistance for education, funeral assistance, and interest free installment loans. Besides, in order to provide female employees a more comfortable and more convenient way to nurture the next generation without having to sacrifice their own work, or to increase their physical or psychological unnecessary burden, Tatung set up a nursery room for postnatal breast-feeding employees. It is also the company's most intimate birth gift for female employees.
▼ Employees' welfare
Parental leaveTatung takes great concern on employees' family life and care for next generation. Tatung not only provides cash gifts for giving birth but also offers all employees maternity and parental leave in accordance to regulations.
▼ Tatung parental leave statistics
Health promotion and disease preventionTatung believes that the health of the employees and their families is a valuable asset to the company. Tatung organizes numerous health speeches, seminars, health checks to let the employees understand the importance of their health and promote to their families. The concreted measures are follows:
▼ Health promotion and disease prevention activities in 2019