Employee Welfare

FENC has established an Employee Welfare Committee to conduct regular discussions regarding the formulation and planning of employee welfare programs with the committee members providing oversight for fund allocation. Employees may search or apply for welfare programs through the Company system. FENC also makes welfare improvements by collecting employee feedback through regular satisfaction surveys and labor-management meetings to improve employee retention and address the needs of different groups. We offer flexible working hours to better support work-life balance for our employees. Staff may choose to start their workday between 8:00 AM and 9:00 AM and finish between 5:00 PM and 6:00 PM. This approach enables employees to adjust their schedules more flexibly to accommodate family and personal needs, while also helping the company attract top talent and improve employee retention.

Maintaining healthful living with the means of stress relief is beneficial towards helping employees achieve work-life balance and improve work efficiency. FENC also regards employees’ physical and mental health as its responsibility. Therefore, the Company has established EAPs to provide mental health assistance through multiple channels. In August 2024, FENC signed an agreement with Far Eastern Memorial Hospital, an affiliate under FEG, as well as additional mental health clinics to provide health services. The Company also provides counseling services through clinics in partnership with county and city governments. The diverse mix of mental health support from health professionals are helping FENC employees deal with mental stress and negative emotions.

For years, FENC has been offering high-coverage medical insurance for expat employees as well as tuition subsidies and stipends for their children and dependents. In November 2024, the Company launched a fully subsidized pre-departure health checkup program with comprehensive examination for all expat employees to care for their physical and mental well-being. Once they reach their posts, FENC continues to provide comprehensive health support during their time abroad.

In addition, FENC supports the United Nations Convention on the Rights of the Child by helping the children of FENC employees develop their potential and prepare for adulthood. Aside from a range of maternity-friendly benefits, FENC production sites in Taiwan provide child care through contracted services to offer proper care in a safe environment. FENC also awards scholarships to employees' school-age children to promote children's right to education.

Retirement Planning

We support employees’ pursuit for a new life after retirement. Therefore, prior to retiring, we assist them with proper financial, social and recreational transition. FENC follows all regulatory requirements in terms of establishing the retirement system and ensures full pension coverage for all employees. Please refer to Notes 17. Retirement Benefit Plans in Financial Report and Notes 23. Retirement Benefit Plans in Consolidated Financial Report for annual funds appropriated for the retirement pension.

FENC has a re-employment system in place for retired employees as a mechanism to pass down industry know-how, expertise and experience. The system is also a means to show FENC’s profound respect for employees and shape the corporate culture. The Company rehired a total of 44 retirees in 2024. In addition to stabilizing business growth, the approach allows the aging workforce to continue their contribution while developing a higher sense of belonging and loyalty among current employees.

1. Taiwan
   FENC has established the Employee Pension Committee as required by law. The committee convenes regularly to provide oversight over the utilization of pension funds. Over 50% of the committee members are labor representatives, and external professional consultants are commissioned each year to conduct actuarial assessments on cost-liability. Additionally, as stipulated by the newly enacted labor pension regulation, employees make a 6% deduction from the payroll for their pension contribution. Employees with years of service accrued under the superseded pension system may still make pension withdrawals in accordance with the regulation. FENC employees are 100% covered by the retirement pension system.
2. Mainland China
   Employees are enrolled in the social insurance in accordance with Social Insurance Law of the People's Republic of China. The source of employee pension is the endowment insurance under this system. Production sites in mainland China contribute 16% to the pension fund. Employees are 100% enrolled in the pension system.
3. Vietnam
   Employees are entitled to pension payments as stipulated in the Law on Social Insurance. FENC sites calculate the insurance premium based on labor wages and stipends, and contribute 17.5% for the social insurance. FENC employees are 100% enrolled in the pension system.
4. Japan
   The current retirement age at FIGP is 60. However, employers in Japan are required by law to provide the option of employment extension for aging workers between 60 and 65. Though retirement pension is not mandatory for employers in Japan, FIGP established a pension system that pays retirement benefits based on retirees’ years of service and positions at the time of retirement to ensure their financial security. Upon the completion of the third year of employment, FIGP starts matching employee contribution on an annual basis. The pension system is applicable to all permanent employees.
5. U.S.
   The 401(k) system applies to FENC production sites in the U.S. and the employer contribution kicks in upon the end of the probation period. The terms and conditions are stated in the union agreement, which is updated every three years. Based on the years of service, FENC sites make monthly contributions in the equivalent of 2.5% to 7% of employees’ monthly salaries to protect their long-term financial health. The pension system is applicable to 100% of the employees with union membership.