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

Performance Bonus

Profit Sharing Bonus

Employee Stock
Ownership
Trust

Insurance

Childcare Leave

Pre-natal Check Up Leave

Paternity Leave

Labor Pension
Contributions

Menstruation
Leave

Family-care 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/re-charge leave/paternity leave/family-care leave/menstruation leave/pre-natal check up leave/childcare 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 7:30 a.m. and 9:00 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.

WNC Retirement System

WNC values the long-term well-being of its employees. In accordance with the relevant Taiwan regulations, we have established a retirement system and manage retirement fund contributions to help ensure a stable life for local employees after retirement.

Retirement Pension System Overview

Labor Pension Old System (applicable to employees hired before July 1, 2005)

The company contributes 2% of the employee’s total monthly salary to a dedicated Labor Retirement Reserve Fund Account, as required by law.
An annual actuarial review of the retirement reserve is conducted to ensure sufficient funding, safeguarding employees’ future pension entitlements.

New Labor Pension System (applicable to employees hired after July 1, 2005)

The company contributes a sum equivalent to 6% of the employee’s total monthly salary to the employee’s Individual Labor Pension Account, according to the Monthly Contribution Classification of Labor Pension.
Employees may voluntarily make additional contributions to their pension account, up to a maximum of 6% of their monthly salary.

Retirement Benefits

Exclusive retirement gifts
Employee Stock Ownership Trust
- Participation is voluntary. Employees can invest in company stock through regular payroll deductions and matching company contributions.
- After reaching a specified length of service, employees may receive accumulated assets and returns according to the agreed proportion, enjoying full rights and protection.

Application and Payment Process

Employees must submit their retirement application and required documents at least 30 days before their retirement date.
The Human Resources Department will review the application.
Pension payment methods
- Labor Pension Old System: Within 30 days from the retirement date, the pension will be transferred as a lump sum from the Labor Retirement Reserve Fund Account to the employee’s bank account.
- New Labor Pension System: After reaching the age of 60, employees can apply for pension payments directly from the Bureau of Labor Insurance.