FENC offers broad arrays of welfare benefits as appreciation for employee's contribution.
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.
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.
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.
Rights and benefits for expat employees during their stationing overseas are governed by the human
resources policy at the Headquarters.
1. Vacation days are as stipulated by the Labor Standards Act.
2. The annual performance review requirement applies.
3. The insurance grade remains the same for the labor insurance, national health insurance and retirement pension.
4. Accrual of seniority continues while stationing overseas.
In addition to the above, FENC provides:
1. Holiday bonuses, vacation days in Taiwan and flight tickets for family visits.
2. Accident insurance and medical insurance covering overseas hospitalization and outpatient visits.
3. Stipends for family members, children’s education and moving expenses.
Out of the 381 expat employees, 56 are female, accounting for 15%. Zooming in on the downstream garment industry, 19 of the 50 expat employees are female, representing 38%. The high percentage is consistent with the industry characteristics. All employees are eligible and the selection criteria include duties, skills, family conditions and personal willingness. Gender does not influence FENC’s decisions on the overseas assignment. The Company reviews and modifies the rights and obligations regarding expat employees on a regular basis to incentivize employees’ willingness to station abroad and to protect the rights of expat employees, building the global talent reserve that will fuel FENC’s global expansion.
Care for Migrant Workers
FENC’s staff in Taiwan is made up of 18.3% of foreign employees, and their salary is determined in accordance with regulatory requirements. Dialogues are ongoing to make sure they are well adjusted to life in Taiwan. We hold recreational programs such as annual trips, group activities and basketball tournaments. We also conduct dormitory inspection to provide them with comfortable living environment. In addition, many of FENC’s migrant workers are from the Philippines, which is a Catholic country. Therefore, the Company holds Christmas Mass and year end appreciation banquet each year, hoping to make Taiwan their home away from home.
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 27.Retirement Benefit Plans in Financial Report for annual funds appropriated for the retirement pension.
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 recruits 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.
- 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.
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.
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. There has been a higher need for new recruits (under three years of employment) due to plant expansion. Hence, the 2022 percentage of employees enrolled in the pension system is 59%.
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.