Compensation

Comprehensive Compensation & Benefits

WNC’s training strategy is developed based on company policies and organizational strategies. While also taking individual employees’ abilities into consideration, a customized training program is then proposed to enhance their specialties.

Annual Leave

Wages

Bonuses

Project
Bonuses

Employee Stock
Ownership
Trust

Insurance

Parental
Leave

Paid Pregnancy
Checkup
Leave

Paternity
Leave

Labor Pension
Contributions

Menstruation
Leave

Family Leave

Wages

WNC regularly reviews and adjusts employee salaries to ensure reasonable compensation for colleagues as well as to retain and attract talented employees. Employees and departments with good performance are eligible for various bonuses including holiday bonuses, performance bonuses, and employee remuneration. WNC has also set up an Employee Stock Ownership Trust (ESOT) program, encouraging employees to save money by buying the Company’s shares. By doing so, employees can enjoy the dividends on the stock and generate additional income.

Insurance

WNC provides complete plans for labor insurance/national health insurance/group insurance based on regulations for the comprehensive protection of WNC employees. All employees can choose to include their family members in their group insurance plan with extra premiums, providing additional protection for their family.

Employee Leave

Two-day weekends/annual leave/paternity leave/family leave/menstruation leave/paid pregnancy checkup leave/parental leave/annual leave systems superior to those required by the Labor Standards Act. Working hours have been made more flexible by allowing clock-in anywhere between 8 a.m. and 9 a.m. WNC is planning to provide more flexible attendance options to employees in the future, providing them with more diverse work modes.

Health and Leisure

In addition to various kinds of company-wide events such as the year-end banquet, family day, garden party, sports day, Christmas party, and group travel, WNC encourages employees to participate in its miscellaneous activity clubs. WNC is the first company in the Hsinchu Science Park to offer healthy meals prepared with organic vegetables. We exercise our social responsibly in the aspects of “taking care of employees’ health conditions, “supporting environmentally friendly vendors”, and “fostering disadvantaged farmers”.

Welfare

All employees and their spouses can apply for a pregnancy gift bag during pregnancies. The gift bag comprises a pregnancy handbook, cotton baby clothes and a multifunctional mother’s bag.

Pension System

For the benefit of employees after their retirement, WNC’s Taiwan sites have established regulations regarding employee retirement in accordance with the Labor Standards Act and the Labor Pension Act. These regulations cover retirement conditions and the payment standards, procedures used to apply for pension, and payment of pensions. Besides providing six percent of an employee’s monthly wage as pension for eligible employees as per the Labor Pension Act, WNC has also established a supervisory committee overseeing the employees’ pension fund in accordance with the law, which allocates pensions for retired employees according to our regulations on the appropriation and management of employee pensions, and deposits funds at a designated financial agency, in an account under the name of the Employee Pension Supervisory Committee. WNC sites in China provide 20% of an employee’s monthly wage each month as pension for eligible employees as per related labor and social insurance laws of the People’s Republic of China.