The implementation of employee benefits and retirement plan


The implementation of employee benefits
We have established a competitive market remuneration system to provide employees with a better life and a better work environment. In 2017, we were a constituent of the TWSE RAFI ® Taiwan High Compensation 100 Index for four consecutive years. In addition, we review salary differentiation and the market salary standard on a regular basis to ensure employee interests are protected.

a. Remuneration
At Uni-President, employees enjoy equal pay for the same job regardless of gender. In 2020, the average salary of direct labor was NT$53,192 each month, which was 2.235 times of the minimum wage in the same period and 1.477 times of the monthly average salary of Taiwan's food manufacturing industry in the same period. In 2020, the average salary of full-time employees in non-management positions was NT$1,235 thousand.

b. Employee welfare
In addition to a wage above the industry average, we introduce comprehensive welfare policies to employees, with hardware and software facilities and activities covering food, clothing, accommodation, transportation, education, and entertainment, in order to take care of employees in all aspects and build a happy workplace. The welfare facilities include employee dormitory, car park, Cafeteria, breastfeeding room, library, recreation room, staff lounge, table-tennis room, pool ball room and basketball court. The benefits and allowances include Labor Insurance, National Health Insurance, group insurance, travel allowance, marriage allowance, birth allowance, children education allowance, funeral allowance, retirement reward, birthday cash gift, health examination, gifts on three major folk festivals and special offer items. Other benefits include statutory maternity leave, paternity leave, parental leave, paid prenatal maternity leave (women workers pregnant for over 32 weeks) Special offer items, staff discounts for purchasing Uni-President products

c. Retirement plan
In compliance with labor standards act and labor pension act, the company designed employee retirement system to provide relevant issues about retirement, including the qualification of applicants involving employees who have worked over 15 years and reached age 55, over 10 years and reached age 60, and over 25 years, and contribution at minimum 6% of employees’ monthly salary into the pension account based on employees’ insurance level, as well as organization of pension supervisory committee to oversee the contribution and disbursement of the pension (in 2020, six meetings were held, 122 employees were retired under the old system with disbursement of NT$375,841,325). To meet the pension for employees under the old system of labor standards act, the company contributes 15% of employees’ monthly salaries to the pension account under the account of labor retirement supervision committee at Bank of Taiwan, while for pension applicable to employees under the new system of labor pension act, the company contributes 6% of the stated amount with respect to the labor pension level into employee’s individual pension account at Bureau of Labor Insurance.