FENC is fully aware that maintaining work-life balance, promoting health and well-being and facilitating flexibility at work are of vital importance for employees. While focusing on hardware and software refinement and building a friendly and safe workplace, the Company is helping employees thrive without worries through its robust remuneration and welfare policies. The comprehensive measures include parental leave, family care leave, contracted child care services and breastfeeding rooms. Whether employees are the primary caregiver in the family or not, six months of leave without pay are available. While employees benefit with the assurance of job stability after their families are well cared for, the Company also benefits by enticing and retaining top talents.

Employee Benefits

FENC established the Employee Welfare Committee to plan for employee welfare and oversee the allocation of employee welfare fund through regular meetings. Employees may make inquiries or applications related to employee benefit through the Company system. In order to optimize employee benefits, retain employees and satisfy their diverse needs, FENC seeks feedback through regular employee satisfaction surveys and labor relations meetings. The Company also extended expat benefits to cover their family members, demonstrating its care for the employees and their loved ones. 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.

Healthful habits and stress relief help staff improve efficiency and achieve work-life balance. We provide comprehensive care that covers all facets of employees’ lives, including company trip, family day, annual physical and birthday celebrations. While doing so, we monitor turnouts to continuously fine tune the program to advance corporate management performance. FENC further expanded the benefits for expat employees in 2023, such as medical insurance with higher coverage, tuition assistance for their children and family allowances, extending care to its employees and their families.

In the spirit of United Nations’ Convention on the Rights of the Child, FENC provides support to the children of its employees to help them develop learning potential and prepare for adulthood. Aside from family-friendly benefits such as maternity and family leaves, the Company also offers contracted daycare services to provide proper childcare for employees. Scholarship is also available as encouragement to ensure these children receive proper education.

Safeguarding Employee Rights

International Textile Manufacturer Federation (ITMF) and International Apparel Federation (IAF) codeveloped Social & Labor Convergence Program (SLCP) with global brands, manufacturers and accredited hosts. The program conducts verifications on recruitment and hiring; working hours; wages and benefits; employee treatment; employee involvement; health and safety; termination; management system. Six dyeing and finishing plants under FENC have passed third-party SLCP verification and been recognized by brand customers. The verification is an endorsement to FENC’s non-stop progress in the management and protection of human rights and employee welfare.

Care for Migrant Workers

International migrant workers account for 18% of the total number of employees at FENC’s operation sites in Taiwan. Their compensation is determined in accordance with the regulatory requirements. In 2021, FENC instituted the “zero fee policy,” paying all brokage fees for migrant workers and assisting them with any fee-related issues. Meanwhile, FENC reaches out on a regular basis to help them adapt to lives in Taiwan and hosts a variety of activities, such as group activities, tours and basketball games. The dormitory is also assessed to ensure physical and mental comfort. It is worth mentioning that most of the migrant workers at FENC are Catholics from the Philippines. To respect their religious belief, the Company holds the Midnight Mass on Christmas Eve and appreciation banquets to make them feel at home and help them adapt to life in Taiwan.

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 17. Retirement Benefit Plans in Financial Report for annual funds appropriated for the retirement pension. Pension  system and coverage as bellow:

1. Taiwan
   FENC established Employee Pension Committee, which convenes regularly to provide oversight over the utilization of pension funds. Over 50% of the committee members are labor representatives. Contribution by FENC sites falls between 4% and 10% of employees’ full salaries. In July 2005, the Ministry of Labor enacted a new labor pension system. Employees enrolled in the new system and new employees make 6% deduction from the payroll for their pension contribution. The years of service employees have accrued under the previous pension system remain, and pension withdrawal may be made upon retirement. 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 retirement pension system is in place at FENC production sites. Upon the completion of three years of employment, employees start accruing pension points, which may be redeemed upon resignation or retirement. FENC’s recruitment need increased in recent years due to plant expansion, and the number of new employees under 3 years of employment surged. As a result, the coverage of the retirement pension system dropped to 46% of all employees in 2023.
5. U.S.
   The 401K system applies to FENC production sites. The union agreement, which is updated every three years, stipulates that employer contribution kicks in upon the end of the probation period, and employer contribution shall be 65% of the employee contribution with 6% of the monthly salary as the cap. Employees are 100% enrolled in the pension system.