HTC 2011 Annual Report Download - page 68

4. Employee Retention
Specialist Retention Plan: Incentives are offered to employees with special / critical skills to keep them with the company and
ensure they benefit from the results of their efforts.
Long Service Awards: Awards are presented at a company-wide ceremony that recognize employees with 5 and 10-year long
service records.
Internal Transfer Assistance: In order to help enhance employees' professional experience / career planning, HTC provides
assistance to facilitate employee transfers within the company.
5. Compensation and Retirement Benefits
HTC employees earn market-competitive salaries that take into consideration academic background, work experience,
seniority and current professional responsibilities / position level. The amount of annual employee performance bonuses is
proposed by the president and approved by the board of directors based on current year business performance. Employee
profit sharing bonuses are also allocated to employees each year based on motions from the board of directors that are
adopted by resolutions at annual shareholders' meetings. Both bonuses are allocated based on work performance and
relative level of contribution in order to motivate employees effectively.
HTC's retirement policy has been in place, as required by law, since the company was founded. Starting in November
1999, HTC began to contribute an amount equal to 2 percent of each employee's salary into his / her individual corporate
retirement fund. This system was replaced in 2004 when HTC began contributing an amount equal to 8 percent of each
employee's salary into a general labor retirement fund managed by a labor retirement fund supervisory board. With the
enactment of the new retirement system on 1 July 2005, employees hired under the previous retirement scheme who opted
not to switch to the new retirement system were permitted, with supervisory approval, to adjust the current 8 percent
contribution downward to 2 percent.
6. Employer-Employee Communication and Employee Rights Protection
HTC is committed to fostering an atmosphere of trust in its labor relations and places great importance on internal
communications. Labor relations meetings are convened once every two months (at least 6 regular meetings per year),
with labor represented by six elected employee representatives. Meeting minutes are kept to ensure follow-on action and
track results. HTC further offers employees various channels through which to submit opinions, suggestions and complaints,
which may be delivered via a telephone hotline, e-mail address or physical mail as well as made known through HTC's regular
employee opinion surveys.
During the most recent fiscal year and as of the printing date of this annual report, labor relations management have been
harmonious with no losses resulting from labor-management conflicts; and no loss of this type is expected in the future.
2. Employee Development
HTC sponsors a regular schedule of internal seminars and workshops. Globally recognized experts share insights into market
trends, the latest technologies and technology trends. Such knowledge, together with HTC's brand value, aesthetics and
cultural and artistic sensibilities, help HTC staff evaluate and tailor new technologies to market needs and opportunities.
These activities also further enhance staff aesthetic sensibilities, helping HTC staff give each new HTC product an optimal
balance between the practical and the emotive. Seminar and workshop programs are critical to HTC staff and organizational
growth and important facets of both our competitiveness and commitment to employees.
HTC is committed to our employees growing with us. In addition to aggressively recruiting new talent, we maintain a
comprehensive curricula covering professional, managerial and personal development as well as language courses and
training for new employees. These programs help staff acclimate quickly to HTC's corporate culture and acquire essential
knowledge and skills. We've introduced e-Learning and Mobile Learning platforms to make learning more convenient and
flexible. We further offer staff learning roadmap planning, professional study scholarships and subsidies for offsite learning.
Staff Training Hours & Expenditures during 2011
Category Total Training Hours Expenditure (NT$)
Technical 82,877 1,422,465
Managerial 16,890 4,226,093
Individual Effectiveness
Orientation Training (for New Staff) 26,575 4,745,700
Effectiveness Enhancement 44,117 6,390,218
TOTAL 170,459 16,784,476
3. Employee Benefits and Employee Satisfaction
HTC's work environment is geared to challenge, stimulate and fulfill our employees. We maintain various outreach initiatives
designed to motivate employees, enhance employee benefits and facilitate greater dialogue between the company and its
workforce.
Comprehensive Employee Benefits
HTC provides coverage of its employees under both the National Labor and National Health Insurance programs, provides
employees with annual vacation travel allowance, regular physical examinations, regular departmental lunches, cash bonuses
for Taiwan's three main annual festivals, cash for weddings / funerals, subsidies for club activities, book store coupons, and
access to employee exercise facilities and various exercise classes.
Open and Responsive Lines of Communication
HTC operates an internal system to receive employee complaints. This system includes a hotline, physical mailbox, and
e-mail address dedicated to receiving employee complaints and suggestions as well as a regularly convened joint labor-
management committee. HTC regularly canvasses employee opinions. Results are made available to executives and
managers and used to measure changes in employee satisfaction and commitment.
Regular Activities and Events
HTC holds regular sports rallies, family days, athletic competitions and artistic / literary contests to increase opportunities
for employees to enjoy informal interactions outside of their regular work.
Employee Awards
Dedicated to rewarding employee effort and innovation, HTC maintains employee profit sharing mechanisms and rewards
individual employees who submit proposals for practical improvements or earn patent awards. HTC also provides cash
awards for the best entries in an annual competition designed to solicit quality improvement ideas.
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