HTC 2014 Annual Report Download - page 81

• Affiliate information and other special notes Affiliate information and other special notes •
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training related expenditure wereNT$12 million and training hours were 204,541 hours.
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, and it
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, access to employee exercise facilities and various exercise classes, massage service, library, and book store
coupons.
Open and Responsive Lines of Communication
HTC operates an internal system to receive employee complaints. This system includes a hotline, 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
On the basis of motivation 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.
Employee Recognition:
There is Employee Recognition Program in place to encourage organizations to quarterly recognize outstanding
employees and teams in public and reward in cash. Additionally, overseas sites hold employee recognition activity to
recognize employees on annual base.
Long Service Awards:
Awards are presented at a company-wide ceremony that recognizes 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.
Additionally, HTC appropriate a percentage of annual earnings bonuses to employee approved by the board of directors
and adopted by shareholders' meeting. Performance and earnings bonus 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 that
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 seven 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.