In January 2003, Yuanta Financial Holdings set up its Employee Benefits Committee, which oversees the monthly appropriation of funds for employee benefits, and meets at least once every quarter. The employee benefit funds are independently managed and employed by the Committee, including providing grants to social clubs that encourage employees to share experiences and pursue mentally and physically healthy lifestyles. Additionally, the Employee Benefits Committee arranges discounts and benefits for employees with partner companies in dining, accommodation, clothing, travel, and entertainment, along with keeping employees updated on discounts through the Company’s internal website. By doing so, we are able to help our employees enjoy more convenient, happier lives.
In order to secure the well-being of our employees upon retirement, in January 2003 the Company set up an Employee Pension Reserves Supervision Committee, reporting regularly to management and focusing on managing labor retirement matters, including making monthly legally mandated contributions to retirement funds. As of end of 2023, the cumulative labor retirement reserve fund is NTD 7.056 million.
With the implementation of the Labor Pension Act on July 1, 2005, we make monthly contributions of 6% of employee’s insurance level for each employee to individual retirement accounts, in an effort to provide further well-being security for our employees upon retirement. In 2023, the total contribution by the Company is NTD 11.853 million.
To encourage long-term savings among our employees, in August, 2003, the Company set up an employee stock ownership plan (ESOP), whereby employees deposit a fixed amount each month and the Company issues corporate stocks of the same value to them, making them also shareholders in the Company. Not only does such a plan help protect employees' post-retirement or post-departure lifestyles, it also helps them feel a greater sense of solidarity with the Company, enhancing cohesion and sense of self-worth while also sharing in the Company's results.
|Gifts for weddings bereavements and celebrations
|Employee training grants
|Scholarships for employees’ children
|Group and business travel insurance