FENC is adamant about providing a friendly workplace with zero tolerance for discrimination of any form. A corporate mentorship program is in place to provide new employees support in life and at work in the first three months of employment. Managers or senior staff are assigned to help them get acquainted with work and the environment quickly, which has been effective in lowering the turnover rate among new recruits.

Recruitment Plan

FENC has a worldwide recruitment network consisting of FENC’s global production sites. The network is beneficial for broadening the pool of international talents. In 2022, the Company recruited 7 foreign nationals. The Company recruited 15 information specialists who will energize the Company’s digital transformation efforts. They will build a solid groundwork for the Company’s future endeavors in digital and internationalization fronts.

Recruitment Approach

 

The Talent Pool Program

FENC offers industry-academia internship. In 2012, the Company launched the Talent Pool Program, providing field opportunities for top-performing students from Yuan Ze University and Asia Eastern University of Science and Technology with the corporate internship program. In 2022, the program offered 49 internship positions and recruited 20 students. The practical training helped students grow into exceptional corporate talents.

In 2022, FENC co-founded the Far Eastern Smart Manufacturing Academy with YZU, recruiting students in fields such as electrical, mechanical, industrial and chemical engineering. The programs are offered at YZU with executives from FENC as the lecturers to share their expertise in the Far Eastern corporate culture, ESG strategies and practices as well as occupational safety and health. FENC designs special projects based on the needs and field practices for corporate development, and the professors lead students to complete the projects in a professional setting at the Company. The curriculum helps students gain first-hand insights into the industry know-how and acquire professional skills. It also provides opportunities for students to put their academic learning to use and flourish into talents that will pave the future for FENC.

Establishing the Talent Pool and Personality Test System

To unleash employees’ full potential, FENC completed phase one of the Global Talent Pool in 2021, which facilitates a synchronized talent database across its international locations. The database currently holds 14,564 entries of information concerning key technological and management talents, which is advantageous towards strategic talent deployment internationally. In 2022, the Company introduced a personality test customized to suit the Far Eastern corporate culture. The test, paired with the talent pool, enables the Company to select, develop and retain adaptive talents.

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. Permanent employees hold 91% of the key positions, and the Company offers internal training, job rotation and internal promotion track for top performers, which demonstrate the comprehensive and diverse opportunities for career advancement at FENC.

Human Resource Overview in 2022

Human Resource Statistics

		Permanent Employees			Temporary Employees			Total
		Male （%）	Female （%）	Number	Male （%）	Female （%）	Number	Male （%）	Female （%）	Number
Taiwan	2020	73%	27%	4,162	88%	12%	950	76%	24%	5,112
	2021	73%	27%	4,176	90%	10%	888	76%	24%	5,064
	2022	73%	27%	4,177	90%	10%	884	76%	24%	5,061
Mainland China	2020	54%	46%	4,808	59%	41%	600	54%	46%	5,408
	2021	55%	45%	4,870	62%	38%	593	56%	44%	5,463
	2022	57%	43%	4,564	53%	47%	284	56%	44%	4,848
Vietnam	2020	33%	67%	9,482	28%	72%	162	33%	67%	9,644
	2021	33%	67%	10,241	38%	62%	411	33%	67%	10,652
	2022	34%	66%	11,578	54%	46%	56	34%	66%	11,634
Japan	2020	84%	16%	142	87%	13%	15	84%	16%	157
	2021	84%	16%	155	76%	24%	17	83%	17%	172
	2022	84%	16%	219	0%	0%	0	84%	16%	219
U.S	2020	82%	18%	163	100%	0%	2	82%	18%	165
	2021	82%	18%	180	100%	0%	4	83%	17%	184
	2022	82%	18%	187	0%	0%	0	82%	18%	187
Total	2020	48%	52%	18,757	72%	28%	1,729	50%	50%	20,486
	2021	48%	52%	19,622	70%	30%	1,913	50%	50%	21,535
	2022	48%	52%	20,725	80%	20%	1,224	50%	50%	21,949

Note: 1. The term, “permanent employee” in this report is identical to the terms, “permanent employee” and “full-time employee” referenced in the GRI standards. 2. The term, “temporary employee” in this report refers to migrant workers in Taiwan; contract or outsourced workers in mainland China; employees under the probation period in Vietnam; outsourced workers in Japan; temporary workers in the U.S.; temporary employees as referenced in the GRI standards. 3. The age cohort does not include temporary employees. 4. There are no part-time employees or non-guaranteed hours employees at any FENC production sites.

 

The 2022 turnover rate among permanent employees in Taiwan is 9%, which is considerably lower than the 15.5% average in the manufacturing industry. The low turnover reflects the effectiveness of FENC’s talent retention strategies. Among the FENC sites in mainland China, employee turnover was down by 960, dropping significantly by 38% from the previous year. During the pandemic, staff’s physical and mental health remained the highest priority. Amid a volatile labor market, FENC stood by its employees. The Company assured peace and happiness at the workplace through multiple pandemic relief programs.

During the reporting year, an additional 1,892 employees left their posts compared to 2021, representing a 41% increase in the turnover rate. The factor contributing to this phenomenon is the surge of job changes fueled by the pandemic. Since 2021, FENC sites in Vietnam have been offering highly competitive salaries at a level 44% higher than the average market salaries. Along with appealing recruitment strategies and a quality workplace, FENC is enhancing its workforce to power corporate expansion in Vietnam. Among the new recruits, 69% are under the age 30, indicating a younger cohort within the organization.

A relatively low turnover rate, 5%, is observed at the FENC sites in Japan and the U.S. in 2022. The robust and comprehensive welfare system creates a win-win by fostering work-life balance and generating cohesiveness among employees while contributing to higher work performance and efficiency for the Company.
 

Number and Rate of New Employee Hires

2022		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	121	65	186	118	33	151	4	1	5	342
	%	32%	38%	34%	7%	5%	6%	0.4%	0.3%	0.4%	8%
Mainland China	Number	390	125	515	351	221	572	5	1	6	1,093
	%	85%	49%	72%	19%	13%	16%	2%	11%	2%	26%
Vietnam	Number	1,685	2,961	4,646	560	1,472	2,032	11	9	20	6,698
	%	71%	68%	69%	37%	46%	43%	17%	19%	18%	58%
Japan	Number	6	2	8	9	1	10	1	0	1	19
	%	20%	15%	19%	6%	5%	6%	8%	0%	6%	9%
U.S	Number	6	2	8	9	1	10	1	0	1	19
	%	21%	50%	24%	15%	10%	14%	2%	0%	1%	10%
Total	Number	2,208	3,155	5,363	1,047	1,728	2,775	22	11	33	8,171
	%	68%	65%	66%	20%	31%	26%	2%	3%	2%	39%

 

2021		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	47	14	61	72	16	88	2	3	5	154
	%	13%	10%	12%	4%	3%	4%	1%	1%	1%	4%
Mainland China	Number	899	347	1,246	715	465	1,180	10	0	10	2,436
	%	160%	92%	133%	38%	26%	32%	4%	0%	4%	45%
Vietnam	Number	1,167	2,491	3,658	337	1,094	1,431	6	12	18	5,107
	%	57%	65%	62%	27%	38%	35%	9%	33%	18%	50%
Japan	Number	7	3	10	13	2	15	0	0	0	25
	%	19%	38%	23%	15%	14%	15%	0%	0%	0%	16%
U.S	Number	14	1	15	10	2	12	1	1	2	29
	%	48%	50%	48%	17%	22%	18%	2%	5%	2%	16%
Total	Number	2,134	2,856	4,990	1,147	1,579	2,726	19	16	35	7,751
	%	70%	65%	67%	23%	30%	26%	1%	4%	2%	40%

 

2020		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	78	38	116	78	25	103	7	0	7	226
	%	20%	28%	22%	5%	4%	4%	1%	0%	1%	5%
Mainland China	Number	475	168	643	310	197	507	9	0	9	1,159
	%	76%	38%	61%	17%	11%	14%	5%	0%	5%	24%
Vietnam	Number	1,013	1,823	2,836	284	842	1,126	7	3	10	3,972
	%	52%	48%	49%	26%	33%	31%	13%	13%	13%	42%
Japan	Number	20	2	22	18	1	19	0	0	0	41
	%	59%	33%	55%	24%	7%	21%	0%	0%	0%	29%
U.S	Number	3	1	4	2	0	2	1	0	1	7
	%	17%	100%	21%	4%	0%	3%	2%	0%	1%	4%
Total	Number	1,589	2,032	3,621	692	1,065	1,757	24	3	27	5,405
	%	53%	46%	49%	15%	22%	18%	2%	1%	2%	29%

Note: 1. The number of new employee hires indicates the number of new permanent employees in an area. 2. The rate is derived by dividing the number of the new employees of an age group by the total number of employees of the same age group, gender and region.

 

Number and Rate of Employee Turnover

2022		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	69	33	102	141	44	185	88	19	107	394
	%	18%	19%	19%	8%	7%	8%	9%	6%	8%	9%
Mainland China	Number	453	162	615	486	453	939	22	7	29	1,583
	%	99%	64%	86%	26%	26%	26%	8%	78%	10%	35%
Vietnam	Number	1,657	2,647	4,304	620	1,530	2,150	19	14	33	6,487
	%	70%	60%	64%	41%	48%	46%	29%	30%	29%	56%
Japan	Number	2	0	2	1	0	1	1	6	77	10
	%	7%	0%	5%	1%	0%	1%	8%	200%	44%	5%
U.S	Number	3	0	3	1	0	1	5	1	6	10
	%	10%	0%	9%	2%	0%	1%	8%	5%	7%	5%
Total	Number	2,184	2,842	5,026	1,249	2,027	3,276	135	47	182	8,484
	%	67%	59%	62%	24%	36%	30%	10%	11%	10%	41%

 

2021		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	68	24	92	127	35	162	101	17	118	372
	%	19%	17%	18%	7%	6%	7%	11%	5%	9%	9%
Mainland China	Number	919	347	1,266	726	520	1,246	21	10	31	2,543
	%	164%	92%	135%	39%	29%	34%	9%	143%	12%	52%
Vietnam	Number	897	2,180	3,077	391	1,106	1,497	3	18	21	4,595
	%	44%	57%	52%	32%	39%	37%	5%	50%	21%	46%
Japan	Number	2	1	3	5	1	6	0	0	0	9
	%	6%	13%	7%	6%	7%	6%	0%	0%	0%	6%
U.S	Number	0	0	0	5	2	7	7	1	8	15
	%	0%	0%	0%	9%	22%	10%	11%	5%	10%	8%
Total	Number	1,886	2,552	4,438	1,254	1,664	2,918	132	46	178	7,534
	%	62%	58%	60%	25%	31%	28%	10%	11%	10%	39%

 

2020		Under 30			31-50			Over 51			Total
		Male	Female	Subtotal	Male	Female	Subtotal	Male	Female	Subtotal
Taiwan	Number	66	32	98	105	57	162	119	45	164	424
	%	17%	24%	19%	6%	9%	7%	12%	14%	12%	10%
Mainland China	Number	572	345	917	523	568	1,091	23	18	41	2,049
	%	92%	78%	86%	29%	32%	31%	12%	257%	21%	43%
Vietnam	Number	1,832	2,956	4,788	593	1,439	2,032	17	20	37	6,857
	%	94%	77%	83%	54%	57%	56%	31%	83%	47%	72%
Japan	Number	2	2	4	3	0	3	0	0	0	7
	%	6%	33%	10%	4%	0%	3%	0%	0%	0%	5%
U.S	Number	1	0	1	1	0	1	4	0	4	6
	%	6%	0%	5%	2%	0%	2%	6%	0%	5%	4%
Total	Number	2,473	3,335	5,808	1,225	2,064	3,289	163	83	246	9,343
	%	82%	76%	78%	26%	42%	34%	13%	22%	15%	50%

Note: 1. The number of employees leaving is the number of regular employees who have left the company in the region. 2. The rate is derived by dividing the number of the employee turnover of an age group by the total number of employees of the same age group, gender and region.

 

In 2019, 2021 and 2022, FENC was the recipient of the Happiness Enterprise Award from the online recruitment platform, 1111 Job Bank. In 2021 and 2022, FENC received the Best Employer Award in Asia from HR ASIA. In 2022, FENC also received the award for Investment in People from the Asia Responsible Enterprise Awards (AREA); recognition for providing a safe workplace amid the pandemic by the Asia-Pacific Sustainable Action Awards; Talent Development Award from Taiwan Corporate Sustainability Awards (TCSA). These honors reflect employees’ vote of confidence in FENC.