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Remuneration and Benefits

While employees are our most important asset, we have established a remuneration committee which holds meetings regularly to review the wage standard of employees. In addition, we have established an employee welfare committee (EWC) to plan and implement matters in relation to employee benefits. Apart from organizing leisure activities, employee travels, and activities to express appreciation for employees on major festivals, we offer birthday presents (vouchers) and travel allowances for employees to balance work and health and promote friendship among them. To express care for the employee’s family, we provide scholarships for employees and their children and allowances for weddings, funerals, and hospitalization.


Remuneration
We salary employees by their education attainments, experience, professional skills, and personal performance. We ensure equal remuneration regardless of gender, race, religion, political affiliation, marital status, and trade union and organization membership. The average salary and benefits of all employees in 2018 meet the standard in the business. The basic salary and remuneration of male and female base-level onshore employees were at least 1.5

times higher than Taiwan’s mandatory minimal wage. The salary and remuneration increase in Taiwan was 4.09%, and the average salary of female employees was better than that of male employees as in previous years.For sea crews, except for ships registered in Singapore that the minimum wage agreed by the Singapore Organisation of Seamen shall apply, the standard salary of base-level sea crews of ships registered in other countries is higher than
the minimum wage specified by the seamen’s union of respective countries (Taiwan: 2.4 times; Hong Kong: 1.2 times).

Note: All onshore employees in Taiwan.

 

Note: All onshore employees in Taiwan.


Employee Welfare
 

We adopt the humanized flexi time and five-day working week schemes. We offer ordinary sick leave better than that of the Labor Standards Act (LSA): 90 days of paid sick leave, including full pay for the first 30 days and half pay for the 31st to the 90th days. We also encourage employees to take paternity leave without pay (PLWOP), family care leave, and paternal leave to take care of their family. Although the total length of paternal leave at 488 hours in 2018 was lower than that of 2017, no PLWOP was taken. To encourage employees to have children, we have equipped the office with lactation facilities for female employees to feel free to breastfeed their children. We have also established the regulations for preferential nursery services with nearby kindergartens in the name of Far Eastern Group.

 

 

 


Insurance and Retirement


In addition to the mandatory Labor Insurance, Employment Insurance, and National Health Insurance, we arrange group insurance and accident insurance for employees to give them more protection. We have established the Employee Retirement Regulations and Seamen Retirement Regulations with a pension scheme subject to local labor laws, labor pension laws, local seafarer laws, and maritime laws. For onshore employees in Taiwan, we contribute a specific percentage of their total salary as pension and deposit the sum to the special pension

account in banks designated by the government. Every quarter, we hold the pension reserve supervisory committee meeting to supervise and approve the station of pension appropriation. In addition, for employees choosing the scheme under the Labor Pension Act (LPA), we contribute 6% of the insured salary shown in the Table of Monthly Contribution Wages of Labor Pension and withhold the voluntary contribution of employees and deposit the sum in the personal pension account of employees to give them full pension protection.

 


Associations
To strengthen the fellowship and the leisure activities after work, U-Ming organized aerobic exercise courses which is open to all employees.