HTC 2012 Annual Report Download - page 70

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Employee Awards
On the basis of profit sharing and talent retention concept, HTC implements incentive and retention program.
HTC 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.
(4) Employee Retention
Specialist Retention Plan: Incentives are offered to employees with special and 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 who
have provided with 5-year, 10-year and 15-year of services.
Internal Transfer Assistance: In order to help enhance employees' professional experience and 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) Labor Negotiations and Measures to Protect Employee Rights
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.
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AFFILIATE INFORMATION AND OTHER SPECIAL NOTES