遠東新世紀股份有限公司〈原遠東紡織〉,乃台灣規模最宏大、最多元化的紡織及相關產品製造者。本公司共分化纖、紡織、石化、土地開發與轉投資五大事業。

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Sustainable Talent

Sustainable Talent

Human rights have been gaining attention in recent years. We protect employees as well as their human rights, striving for maintaining work-life balance

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Recruitment and Retention

FENC fortifies labor structure with comprehensive human resources system.

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 employees. In addition, through ongoing management of online communities and relationships with educational institutions, FENC identified critical talents with graduate school training in specific professional disciplines. In 2023, FENC recruited 12 R&D talents, energizing the momentum needed for expanding its core technologies and fulfilling sustainability through  nonstop product innovation.

In 2023, 23 open positions in Taiwan, which account for 8% of the total job vacancies, were filled by current employees. Through its internal talent acquisition database, FENC is able to match the right talents with the right positions and reduce recruitment costs.

Statistics on New Employee Hires in Taiwan

 

2020

2021

2022

2023

Number of  New Employee Hires

226

151

342

222

% of Internal Promotion and Rotation

70%

79%

59%

66%

Average Recruitment Costs
(Unit: NT$/person) 

23,224

42,495

14,435

23,184

Note: Percentage of internal promotion and rotation = (number of employees internally promoted + number of employees internally rotated) ÷ number of positions required

 

1. Campus Recruitment Program

To increase the visibility of FENC as an employer brand among students and attract potential talents, the Company held a total of 16 campus recruitment campaigns in Taiwan in 2023. FENC furthers its campus relations through ongoing participation in campus expos and informational meetings. In addition, for students of the National Tsing Hua University and National Yang Ming Chiao Tung University in Hsinchu, FENC offers a number of free admission to the FENC Classic Marathon organized by Hsinpu Chemical Fiber Plant. The aim is to promote student health and FENC’s employer branding. 


2. 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. The program provided 50 internship opportunities in 2023. Through matching, 15 students were selected to intern at FENC. While helping these top-performing students acquire practical experience, the program also serves as an incubator of future pillars of FENC.

3. 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. Over 3,300 employees completed the DISC personality test in 2023. The results were linked to the Talent Pool to help team managers better understand their members and facilitate the planning of internal functions. The data will be integrated into recruitment operations later on to help FENC identify the right match that will optimize teamwork and organizational efficiency. The integration will make the Talent Pool a key tool for employees’ career development and FENC’s recruitment function. Over 3,300 employees completed the DISC personality test in 2023. The results were linked to the Talent Pool to help team managers better understand their members and facilitate the planning of internal functions. The data will be integrated into recruitment operations later on to help FENC identify the right match that will optimize teamwork and organizational efficiency. The integration will make the Talent Pool a key tool for employees’ career development and FENC’s recruitment function.

4. Leadership Development Program

FENC collaborates with Development Dimensions International, Inc., an international human resources and leadership development consultancy, to assess employees’ ability and potential in terms of management functions. It is the intent to take stock of such ability and potential at each Business from a professional and objective perspective in order to discover the critical talents to spearhead the leadership development program.

Covering employees at the manager/deputy manager level and above, the assessment process, which entails online evaluation, technological transfer of assessment interpretation and talent review meetings, leads to the determination of assessment indicators and establishment of personal development plans. FENC provides a multitude of training options during the action learning stage, including change management, decision quality, communication and leadership, to meet the learning objectives of young employees. The programs are tailor-made based on the assessments and carried out through the combination of knowledge and practice with approaches such as group discussions and coaching by action learning consultants. 

FENC Joining TALENT, in Taiwan
 

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. Permanent employees hold 94% 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 2023

 

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

2023

72%

28%

4,012

90%

10%

829

75%

25%

4,841

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

2023

58%

42%

4,513

46%

54%

180

58%

42%

4,693

Vietnam

2020

33%

67%

9,482

28%

72%

162

33%

67%

9,644

2021

33%

67%

10,241

36%

64%

566

33%

67%

10,807

2022

34%66%11,57854%46%5634%66%11,634

2023

33%

67%

9,629

39%

61%

148

33%

67%

9,777

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

84%

16%

219

2023

83%

17%

264

57%

43%

46

79%

21%

310

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

82%

18%

187

2023

81%

19%

180

-

-

0

81%

19%

180

Total

2020

48%

52%

18,757

72%

28%

1,729

50%

50%

20,486

2021

48%

52%

19,467

70%

30%

1,913

50%

50%

21,535

2022

48%

52%

20,725

80%

20%

1,224

50%

50%

21,949

2023

49%

51%

18,598

76%

24%

1,203

51%

49%

19,801

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 headcount is based on the payroll settlement date in December of the current year at all FENC sites. 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 2023 turnover rate among permanent employees in Taiwan is 10%, 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 261, dropping significantly by 16% from the previous year.

FENC sites in Vietnam offers highly competitive salaries at a level 40% higher than the market average. With robust internal and external recruitment strategies as well as a quality workplace, the Company amplifies the effectiveness of recruitment and retention to power its expansion in Vietnam. The turnover rate dropped significantly among FENC sites in Vietnam in 2023, down by 45% with 2,937 fewer resignations compared to 2022. Among the new recruits, 50% are under the age of 30, indicating the Company’s effort to bring new blood into the organization.

A relatively low turnover rate, 7%, is observed at the FENC sites in Japan and the U.S. in 2023. The Company creates a win-win by providing comprehensive welfare systems to employees, fostering work-life balance and generating cohesiveness to help them refine work performance and efficiency.
 

Number and Rate of New Employee Hires

2023

Under 30

31-50

Over 51

Total

Male

Female

Subtotal

Male

Female

Subtotal

Male

Female

Subtotal

Taiwan

Number

8433117732497628

222

%

25%21%24%4%4%4%1%1%1%

6%

Mainland China

Number

35412247638324662924529

1,134

%

87%60%78%21%15%18%7%24%8%

25%

Vietnam

Number

3954978923363937298311

1,632

%

23%15%18%23%13%16%11%5%8%

17%

Japan

Number

28432351045101

78

%

58%27%51%21%34%23%20%0%14%

30%

U.S

Number

112112101

5

%

4%20%7%2%9%3%2%0%1%

3%

Total

Number

862

657

1,519

828

674

1,502

40

10

50

3,071

%

34%

18%

25%

16%

12%

14%

3%

2%

3%

32%

 

2022

Under 30

31-50

Over 51

Total

Male

Female

Subtotal

Male

Female

Subtotal

Male

Female

Subtotal

Taiwan

Number

1216518611833151415

342

%

32%38%34%7%5%6%0%0%0%

8%

Mainland China

Number

390125515351221572516

1,093

%

85%49%72%19%13%16%2%11%2%

24%

Vietnam

Number

1,6852,9614,6465601,4722,03211920

6,698

%

71%68%69%37%46%43%17%19%18%

58%

Japan

Number

6289110101

19

%

20%15%19%6%5%6%8%0%6%

9%

U.S

Number

6289110101

19

%

21%50%24%15%10%14%2%0%1%

5%

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

471461691685235

151

%

12%9%11%4%3%4%1%1%1%

4%

Mainland China

Number

8993471,2467154651,18010010

2,436

%

160%92%133%38%26%32%4%0%4%

50%

Vietnam

Number

1,1672,4913,6583371,0941,43161218

5,107

%

56%64%61%27%38%34%9%33%18%

50%

Japan

Number

731013215000

25

%

19%38%23%15%14%15%0%0%0%

16%

U.S

Number

1411510212112

29

%

48%50%48%17%22%18%2%5%2%

16%

Total

Number

2,134

2,856

4,990

1,144

1,579

2,723

19

16

35

7,748

%

69%

64%

66%

23%

29%

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 permanent employees of the same age group, gender and region.

 

Number and Rate of Employee Turnover

2023

Under 30

31-50

Over 51

Total

Male

Female

Subtotal

Male

Female

Subtotal

Male

Female

Subtotal

Taiwan

Number

6626921212614711925144

383

%

20%17%19%7%4%6%13%7%12%

10%

Mainland China

Number

35113448543636680227835

1,322

%

86%65%79%23%22%23%8%38%9%

29%

Vietnam

Number

8331,2552,0885069171,423251439

3,550

%

49%38%42%35%30%31%35%23%30%

37%

Japan

Number

41511112101

18

%

8%7%8%7%3%6%20%0%14%

7%

U.S

Number

303404415

12

%

13%0%10%7%0%6%6%5%6%

7%

Total

Number

1,257

1,416

2,673

1,078

1,310

2,388

176

48

224

5,285

%

50%

39%

43%

21%

24%

23%

13%

11%

12%

28%

 

2022

Under 30

31-50

Over 51

Total

Male

Female

Subtotal

Male

Female

Subtotal

Male

Female

Subtotal

Taiwan

Number

6933102141441858819107

394

%

18%19%19%8%7%8%9%6%8%

9%

Mainland China

Number

45316261548645393922729

1,583

%

99%64%86%26%26%26%8%78%10%

35%

Vietnam

Number

1,6572,6474,3046201,5302,150191433

6,487

%

70%60%64%41%48%46%29%30%29%

56%

Japan

Number

202101167

10

%

7%0%5%1%0%1%8%200%44%

5%

U.S

Number

303101516

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

651883110221329717114

329

%

17%11%15%6%4%6%11%5%9%

8%

Mainland China

Number

9193471,2667265201,246211031

2,543

%

164%92%135%39%29%34%9%143%12%

52%

Vietnam

Number

8972,1803,0773911,1061,49731821

4,595

%

43%56%51%31%38%36%5%50%21%

45%

Japan

Number

213516000

9

%

6%13%7%6%7%6%0%0%0%

6%

U.S

Number

000527718

15

%

0%0%0%9%22%10%11%5%10%

8%

Total

Number

1,886

2,546

4,429

1,237

1,651

2,888

128

46

174

7,491

%

61%

57%

59%

25%

31%

28%

9%

11%

10%

38%

 

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 permanent 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 permanent employees of the same age group, gender and region.

 

Voluntary and Involuntary Resignations Turnover Rate

 

Voluntary

Involuntary

Total

 

Number of Employees

%

Number of Employees

%

Number of Employees

%

Taiwan

2020

1965%2285%42410%

2021

2596%63298%3298%

2022

3217%3949%3949%

2023

254

7%

383

10%

383

10%

Mainland China

2020

1,86239%1874%2,04943%

2021

2,39949%1443%2,54352%

2022

1,44932%1343%1,58335%

2023

1,197

26%

125

3%

1,322

29%

Vietnam

2020

5,95262%90510%6,85772%

2021

4,26342%3323%4,59545%

2022

4,95643%1,53113%6,48756%

2023

3,274

34%

276

3%

3,550

37%

Japan

2020

75%00%75%

2021

96%00%96%

2022

105%00%105%

2023

18

7%

0

0%

18

7%

U.S

2020

00%64%64%

2021

00%158%158%

2022

84%21%105%

2023

0

0%

12

7%

12

7%

Total

2020

8,017

43

1,326

7

9,343

50

2021

6,930

35

561

3

7,491

38

2022

6,744

33

1,740

8

8,484

41

2023

4,743

25

542

3

5,285

28

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 headcount is based on the payroll settlement date in December of the current year at all FENC sites. 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.
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