When it comes to human resources, FENC has always believed in finding the right person for the right position and giving employees the opportunity to develop their full potential. The Company puts such conviction to practice with a comprehensive organizational structure and human resources system. There are 16,468 employees at FENC, and 88% of them are permanent employees. Key positions at the Company are held by permanent employees. The Company also offers internal training, job rotation and internal promotion track for top performers, which demonstrate the comprehensive and diverse opportunities for career advancement at FENC.
Employment at all levels at FENC, including recruitment, selection, assignment, arrangement, evaluation, promotion, compensation, retirement, layoff, resignation, dismissal, training and welfare, does not discriminate on the basis of race, class, language, ideology, religion, political affiliation, place of ancestry, place of birth, gender, sexual orientation, age, marital status, physical appearance, facial features, mental and physical disabilities or past union membership. There were no occurrences of discriminatory conducts in 2018.
As digital technology grows prevalent, FENC also utilizes social network and websites to post the latest corporate activities or job openings to attract talents. All business sites use QR Code to interact with domestic and international job candidates. Be it seasoned professional or new graduates, digital applications are bridging the distance between the Company and potential recruits.
In Taiwan, FENC recruits talented graduates through online platform and campus recruitment programs. In 2018, the Company took part in 17 campus recruitment programs, including 9 recruitment meetings and 8 job fairs. In Shanghai and Suzhou, recruitment goes through online platform, private headhunters, internal referral, governmental employment services as well as the campus and on-site recruitment meetings.
FENC also offers internship for top-performing college students. Students from Yuan Ze University and Oriental Institute of Technology may gain field experience through the industry-academia collaboration program. In 2018, 54 students interned at FENC, including 7 who graduated in 2018. One of them went on to become a permanent employee at the Company. The industry-academia collaboration in Shanghai started in September 2018 with 22 interns. All of whom became permanent employees.
|One of Forbes World's Best Employers, and Ranking No.1 in Taiwan|
Forbes published the list of World's Best Employers in October 2018. The ranking is based on Forbes' Global 2,000 public companies in 2018. The magazine collaborates with Statista, the data research company, and administered over 430,000 copies of questionnaires to ask employees to rate their employers. Questions include whether they are willing to recommend the company to friends and family, and the ideal company they would recommend. The highest ranking 500 were chosen. In 2018, FENC, which ranked 149th, was named one of the best employers for the second consecutive year. This is a dramatic leap of 296 places from 445th in 2017. The ranking also puts FENC in the first place in Taiwan, and 2nd among global corporations in the Diversified Chemicals category.
|Age 30 or under||Male||120||28%||189||39%||184||35%|
|Age 51 or above||Male||26||2%||11||1%||4||0%|
|Age 30 or under||Male||82||19%||101||21%||75||14%|
|Age 51 or above||Male||90||8%||127||12%||88||9%|
|Age 30 or under||Male||1,395||104%||1,559||119%||1,518||132%|
|Age 51 or above||Male||5||4%||6||5%||13||9%|
|Age 30 or under||Male||1,388||103%||1,453||111%||1,485||129%|
|Age 51 or above||Male||25||22%||9||7%||11||8%|
|Age 30 or under||Male||345||54%||174||35%||291||59%|
|Age 51 or above||Male||3||150%||1||50%||2||67%|
|Age 30 or under||Male||243||38%||254||51%||268||55%|
|Age 51 or above||Male||0||0%||1||50%||2||67%|
FENC hired 407 permanent employees in Taiwan in 2018. The majority, 250 employees, which account for 61%, are under the age of 30. The Vietnam locations were gearing up for operation and in need of construction and management staff during the beginning phase. After review, the recruitment focuses on those over 30 years of age with field experience. In 2018, 415 permanent employees in Taiwan left the company. Among them, 183 retired, which account for 40%. The turnover rate is approximately 9%, which is lower than 13%, the national average for the manufacturing sector in Taiwan. The percentage of local employees hired from the cities and counties where the business sites are located in Taiwan is 69%.
In 2018, locations in China hired 3,501 new employees. Each plant has internal referral mechanism in place and encourages local employment. A total of 3,657 employees in China left the company in 2018. Although the turnover rate for operators remains high, the turnover rate for the Company's China locations declined from approximately 90% in 2014 to approximately 60% in the past 3 years, which is the result of continuous optimization of employee management, compensation and welfare. The percentage of local employees hired from the cities and provinces where the business sites are located in China is 47%.
In recent years, plants in Vietnam have been enhancing employee dialogue, providing recreational activities and improving workplace environment. The turnover rate declined sharply from the peak of 135% in 2014. The addition of 6 production lines in 2018 also increased the need for new recruits tremendously. The plant will control and reduce the turnover rate in order to meet the rising labor needs derived from increased production. The percentage of local employees hired from southeastern and southwestern provinces of Vietnam is 43%.
We value employee participation and promote labor-management dialogue through various mechanisms. Once discussions and resolutions concerning major decisions are made, the Company will discuss the issues with employees or employee representatives during the plant meetings. Prior to implementing major changes that may affect the rights of employees, public notices are made in accordance with the collective bargaining agreement and applicable laws and regulations. If the major changes affect employees' work, it shall be discussed in the form of collective bargaining agreement or in the labor union. All records shall be documented in the meeting minutes and made public within the notice period. Employees may reflect their opinions through various channels to the management. The purpose is to help employees understand the Company's position and approach to maintain a good relationship between the employer and employees, and to avoid labor disputes.
In 2018, FEIZ closed down due to eminent domain as a result of the City's urban development plan. The Company made referrals and placements for the employees after thorough discussions with them. Among whom, 14 individuals transferred to Suzhou administrative headquarters and OTIZ. The remaining employees received severance pay that is 1.3 times higher than the market average. There were no labor disputes.
FENC abides by all international conventions concerning labor organizations and local regulations governing the business sites. All employees have the freedom of association and to join labor union, as well as the right to collective bargaining applicable by law. Currently, most of FENC's production sites have labor union in place to ensure employees' freedom of association and rights to collective bargaining. We have signed collective bargaining agreement with the unions or conduct regular labor relation meetings. All minutes are published. We value the rights of employees and their opinions. All key decisions are communicated with the union in full. Adjustments concerning labor rights are also discussed with employees during labor and collective bargaining meetings. Managers shall attend union meetings on a regular basis, and relay, address, negotiate or reply to issues reflected by employees. We don't intervene in any way into the establishment, operation and management of the labor union or collective bargaining. There were no violations against the freedom of association and collective bargaining in 2018. FENC has established 13 labor unions at various production and business sites, each with a minimum of 60% employee participation rate. There are a total of 13,252 union members with 91% employee participation rate.
►Statistics of Current FENC's Labor Unions
|Production Site||Year of Establishment||Number of Members||Employee Participation Percentage|
|Hsinpu & Kuanyin Chemical Fiber Plant||1978||2,261||100%|
|Kuanyin Dyeing and Finishing Plant||1956||150||99%|
|Neili Texturizing Plant||1977||55||82%|
|Oriental Petrochemical (Taiwan) Co., Ltd.||1997||298||75%|
|Oriental Petrochemical (Shanghai) Corp.||2009||201||100%|
|Far Eastern Industries (Shanghai) Ltd.||2004||1,440||100%|
|Wuhan Far Eastern New Material Ltd.||2014||166||100%|
|Oriental Industries (Suzhou) Ltd.||2007||1,377||84%|
|Far Eastern Industries (Wuxi) Ltd.||2007||423||61%|
|Far Eastern Dyeing & Finishing (Suzhou) Ltd.||2008||1,031||100%|
|Far Eastern Apparel (Suzhou) Co., Ltd.||2004||1,547||99%|
|Far Eastern Apparel (Vietnam) Ltd.||2007||3,963||88%|