HTC 2015 Annual Report Download - page 86

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Affiliate information and other special notes
Affiliate information and other special notes
168
169
4. Employee retention
Specialist Retention Plan:
Incentivesareoeredtoemployeeswithspecialandcriticalskillstokeepthemwiththecompanyand
ensure they benefit from the results of their eorts.
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assis-
tance 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 eectively.
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oers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.