Regular Performance Evaluation
OUCC has developed a comprehensive and diverse performance evaluation system with clear regulations on employee performance evaluation, rewards, and punishments, to ensure that each employee’s performance is consistent with the company’s overall goals.
OUCC has established the "Rules Governing the Payroll" as the basis for compensation evaluation and salary adjustment for all employees. By actively grasping the salary level of the industry market and regularly reviewing the salary policy of OUCC to share bonuses with employees, an effective measure for attracting and retention of outstanding talents. In 2024, 100% of employees at all levels participated in performance evaluations to ensure fair and impartial assessments of the performance, promoting the entire organization's coordinated development and sustainable operation.
Performance Evaluation Management Mechanism
Sound Pension Mechanism
OUCC convenes regular Retirement Reserve Supervisory Committee meetings to review the allocation and use of pensions and fully protect the rights of retired employees according to the “Labor Standards Act” and the “Labor Pension Act.” In addition, a retirement system covering 100% of employees is formulated to ensure that employees can maintain a certain quality of life after retirement.
In 2024, a total of NT$28,187 thousand in retirement reserves were deposited into special accounts. By the end of 2024, the amount in the special account for labor retirement reserves reached NT$169,489 thousand. We comply with the provisions of the Labor Standard Act to regularly evaluate the retirement reserve every year, to ensure sufficient preparation to meet with future retirement demand.
Labor Pension System
In addition, OUCC also attaches great importance to the life and health of employees after retirement. It organizes pre-retirement sharing sessions to assist in planning financial, social and leisure arrangements. It also promotes communication and health information sharing among retired employees through multiple communication platforms, continuously strengthening the emotional connection with the company and making retirement life more fulfilling and worry-free.
List of OUCC’s Pension Plan
Employee Compensation and Benefits
OUCC leads the industry in the provision of double group insurance. The coverage includes life insurance, accident insurance, hospitalization & medication, and cancer. Employees do not need to pay to be able to enjoy complete and comprehensive benefits. The employee benefits expenses totaled NT$73 million in 2024 with welfare subsidy of NT$17.7 million.
In 2024, the average salary of OUCC’s new employees was 1.54 times the minimum wage in Taiwan (1.49 and 1.76 times for males and females, respectively.) In addition to paying a salary above local minimum wage, pay raise is also offered based on the results of annual performance evaluation. The company is willing to share the profits with its employees.
The OUCC Employee Welfare Committee, which in addition to the lawful benefits, arranges welfare activities for the employees that include an annual banquet, scholarship grants, subsidies for activity, birthday, meal allowance, wedding, funeral, childbirth, and monetary gifts for three public festivals, and the year-end, as well as group insurance.
In addition to health checkups and group insurance for employees and their families, we also organize annual employee trips and other activities for employees' physical and mental health.
At its popular year-end banquet, OUCC always recognizes senior employees. In addition to awarding rewards based on seniority, the event is designed to value the contributions of every employee. Starting from employee invitations to the creation of a dedicated award page and commemorative photos, ensuring that senior partners feel honored and respected.
Parental Leaves
Welfare Measures List
Employee Transportation Fee Subsidies
OUCC provides transportation fee subsidies for Linyaun employees and employees in areas where shuttle buses don’t reach. A total of more than NT$1.7 million was subsidized in 2024.
Club Activity
Although OUCC does not have many employees, we are as close as family. Our employees develop all kinds of associations for exercise and stress relief. When a club is formed, the Director of the club files an application and a prospectus for annual club activity and a budget, a club members list, the purpose of the new club, and an introduction of the club to the Employee Welfare Committee for a resolution. Grants are provided for the officially established clubs, which not only increase communication and cooperation but also boost the vibes and morale of employees.
Stakeholders Contactors
- Mr. Chen/Ms. Chang
- E-mail： ESG@oucc.com.tw
SHE Contactors
- Mr. Yeh/Mr. Wu
- E-mail： she@oucc.com.tw