OUCC is committed to protecting the rights and interests of laborers. It selects outstanding talents with a fair, open and impartial recruitment systems, provides remuneration and benefits that are better than the industry average, builds a safe and healthy workplace, and provides diversified and smooth communication channels to strengthen corporate identity, ensure the stability of new recruits and existing employees, retaining and attracting outstanding talents.
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 when they gain profits, the measures have effectively attracted and retained outstanding talents. In 2022, 100% of employees, including grassroots employees, employees at all levels, and management levels, participated in performance evaluations.
Sound Pension Mechanism
OUCC has convened 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 has been formulated to ensure that employees can maintain a certain quality of life after retirement.
In 2022, a total of NT$77,907 thousand in pension reserves were deposited into the designated account. By the end of 2022, the amount in the designated account for labor pension reserves reached NT$162,553 thousand. We comply with the provisions of the Labor Standard Act to regularly evaluate the pension reserves every year, which is sufficient to cover the pension preparations for retired employees.
We support our employees and help them start new lives after retirement. Before retirement, we share and exchange all the information they need to facilitate the proper planning of their finances and their social and leisure lives as well. In addition, we have established various communication channels for our retired employees to keep in touch with each other to share health management and exchange ideas, to tighten the emotional bonds of the retired employees and the company, indirectly providing a channel for retirement life planning and communication, so that employees may live a more fulfilling and joyful life after retirement.
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 the complete and overall benefit. The employee benefits expenses totaled more than NT$69 million in 2022 with welfare subsidy of more than NT$22 million.
In 2022, the average salary of OUCC's new grassroots was 1.67 times the minimum wage in Taiwan (1.65 and 1,78 times for males and females, respectively.) In addition to paying a salary above local minimum wage, the pay raise is also offered based on the results of annual performance evaluation. The company willingly shares the profits with its employees.
Employee Welfares
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, monetary gifts for three public festivals, 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.
The year-end banquet, which is widely popular among the employees, has been cancelled since 2020 due to the pandemic. However, OUCC still insists on holding recognition and appreciation ceremony for senior employees. Service awards are presented based on the employees’ seniority. Besides the ceremony, a personal web page of the award for each employee is created and award presentation pictures are taken. All of these activities and awards are meant to honor their glory.
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$1.5 million was subsidized in 2022.
Club Activity
Though OUCC does not have a large number of employees, we are as close as family. Our employees develop all kinds of associations for exercise and stress relief. In 2022, due to the epidemic, most club activities are suspended to avoid group gatherings. A total of 2 clubs was subsidized in 2022, with a subsidy of NT$27,000.
When a club is formed, the Director of the club files an application and a prospectus for annual club activity, its budget, club members list, the purpose and an introduction of the new club to the Employee Welfare Committee for resolution. Grants are provided to the officially established clubs.
Stakeholders Contactors
- Mr. Chen/Ms. Chang
- E-mail： ESG@oucc.com.tw
SHE Contactors
- Mr. Yeh/Mr. Wong
- E-mail： she@oucc.com.tw