In order to protect the interests and rights of the employees and prompt the harmony of industrial relations, the Group has provided a comprehensive employee benefit scheme superior to the statutory level. The benefit scheme is adjustable and addable whenever necessary. With good benefit schemes, we hope that we will be able to care for the employees and fulfill the mission of the corporate taking care of the employees.
In order to let employee and their dependents benefit more care from the company, TCB provides generous allowance and subsidy scheme for marriage, maternity, childcare, and funeral, as well as child scholarship, emergent financial aids, bereavement payment, and various comfort payments to form a comprehensive employee and dependent care structure.
The Employee Welfare Committee gives childcare subsidy twice a year. For employees whose children are between the age of 1 and under 5, each child will receive a subsidy of NT$1,000 each time. NT$2,500 to NT3,500 of scholarship will be given to children receiving education from schools at all levels accredited by the government. The education includes master's degree and doctoral programs, universities and colleges, senior high schools, and the five year vocational schools are compared to the standards of senior high schools for the first three years, and the standards of universities and colleges for the last two years. The scholarship is given according to the subsidy regulation to encourage employees' children to hard work at school.
As we are proactively recruiting new employees in recent years, to embed the concept of creating a happy enterprise, TCB held matchmaking activities for single employees for the first time in 2021. This is to enable single employees who are busy with work to participate in these activities to find the other half and start a family together. Employees will then see TCB as a stable job through the power of family stability and stay and work hard. This becomes the cornerstone of corporate sustainable operations.
In addition, in accordance with the “Gender Work Equality Act”, TCB provides for menstrual leave, maternity leave, paternity inspection and paternity leave, maternity inspection leave, family care leave, breastfeeding (collection) time at work, or childcare leave without pay, etc. Through the internal E-platform, we remind employees to schedule vacations, adjust working hours in a timely manner, and balance work and family life. At present, TCB has planned and implemented comprehensive the leave system, which includes 7 days of paid family care leave, 42 days of maternity leave, 8 days of maternity inspection leave, 7 days of paid childbirth leave, and 7 days of paternity inspection and paternity leave. On the day of the spouse's delivery and within 15 days before and after the childbirth, the employee may choose a day to ask for leave, which is better than the statutory provisions.
In response to Taiwan's aging society and the low birth rate trend, and considering the increase in the number of career women in modern society, female employees need to get sufficient rest after childbirth before returning to the workplace. Therefore, childbirth subsidies increased significantly in 2021.
In 2021, the Group subsidized 151 employees and gave a total of NT$13.84 million for maternity allowances.
Application for Unpaid Parental Leave and Reinstatement by TCFHC Group Employees
In order to protect employees' life and work against uncertainty, TCFHC has enrolled its employees in labor insurance, national health insurance, and employee group accidental injury insurance to make sure each employee are being provided with the care they deserve during their duty hours. Employee's dependents are also entitled to join group insurance. When an employee retires or is laid off, relevant benefits would be handled according to “Employee Retirement, Casualty and Severance Regulations”, and Employee Welfare Committee would also provide relevant subsidies.
As for the post-retirement life, TCFHC has set up an employee retirement system according to “Labor Standards Act” and “Labor Pension Act”, with which TCFHC makes monthly contribution equivalent of 6% of each employee's insured monthly salary as the labor pension to provide security to employees' retired lives. In addition, TCB has also set up a retiree networking center as a venue for retirees to meet and interact with each other.
TCB officially launched an employee stock ownership trust in 2020. The company allocates NT$1,000 of stock subscription funds each month. This benefit increases employees' salaries, which is equivalent to an average salary increase of about 1.55%. Employees share the TCB's fruitful operating results as shareholders through investing in its stocks using the dollar-cost averaging strategy. It enhances employee benefits and assists in planning for their retirement. As of the end of 2021, 95.7% of TCB employees participated. Other subsidiaries of the Group are also planning in the same direction.
The TCFHC Group has been concerned with the health of employee, striving to create a happy workplace, an effort that has propelled each subsidiary and their branches to set up different types of facilities subject to office size and need of employee such as first aid room, lactation room, employee club, company canteen, and parking lot.
In addition, there are multifunctional courts, gyms, yoga, and dance classrooms in the Cultural and Recreational Activity Center of the TCB headquarters. Employees can form teams to play basketball, badminton, and other ball activities, or take aerobic, yoga, dance, and other lessons and hire a professional coach to give instructions. In order to encourage employees to participate in club activities after work, eliminate stress from work, and enhance interaction among employees, starting from 2020, any clubs registered and established according to the “Guidelines for the Management of TCB Employee Clubs” can apply for the subsidies for expenses generated from club-related activities. A total of 11 clubs have been registered and established by the end of 2021, and 5 clubs have applied for subsidies. The total subsidy amount was NT$170,000.
In order to encourage employees to manage their own health, prevent or treat their health issues in a timely manner, TCFHC provides employees with various health examination subsidies, and entrusts professional health examination institutions to conduct health examinations at each units every 3 years in order to promote employees' health protection.
