Happy Workplace
Compensation System
SinoPac Holdings provides equal opportunities for employees' appointment, promotion, performance evaluation, assignments, training, career development, and remuneration, and does not discriminate based on gender, religion, or race. SinoPac Holdings sets out the policies related to salary management in the internal regulations such as " Work Rule " and "Standards for Employee Salaries and Allowances, Overtime Payments, Awards".
- Equal pay - The percentage (Female: Male) of base salary is 1:1; In 2023, the average salary of junior-level employees is 154% of the statutory basic salary for women, and 161% of the statutory basic salary for men, which is in line and superior to legal regulations.
- Salary level - actively participates in global salary surveys every year to ensure the salary level is competitive in the market, which has established a positive atmosphere that encourages employees, increases profits and shares achievements. SinoPac Holdings has been selected as the constituent of "Taiwan High Compensation 100 Index" since 2014.
Welfare System
SinoPac Holdings firmly believes that talents are the core assets of a sustainable enterprise and includes the care for employee family and life as important goals. e. In addition to salary, SinoPac Holdings provides employees with benefits such as insurance coverage, health examinations, subsidies for festivals, discount mortgages, and a leave system superior to the Labor Standards Act to protect the physical and mental health of employees. SinoPac Holdings creates the friendly workplace to gather the happy employees and make sure the sustainable development.
- Job-related tuition subsidies
- 7 days of full-pay injury or sick leave (maximum of 10 days)
- Part-time working hours
- Flexible working hours
- Work from home mechanism
- Honors of SinoPac employee
- Customized gifts to express gratitude for employees' dedication
- Cash gifts on marriage (same-sex marriage applied to same benefits) and maternity subsidies
- Cash gifts on Spring Festival, Dragon Boat Festival, Mid-Autumn Festival
- Cash gifts on performance
- Cash gifts on birthday
- Funeral subsidies
- Full amount of employee group insurance subsidies
- Health checkups superior to the requirements by the related Act
- Employee stock ownership trust and manager stock ownership trust
- Benefit financial discounts such as housing loan interest rate, exchange rate and investment, etc.
- Be able to enjoy special leaves after onboarding
- Special annual leaves
- Cancer and pregnancy leaves
- Club activities focused on sports
- Employees‘ activities such as annual party, family day, etc.
- Foreign travel reward
- Discounts provided by preferred vendors
- Provides maternity dress and the guide for new parents
- High-quality breastfeeding environment
- Signed contracts with nursery institutions to provide nursery discounts
- Childbirth subsidy to NT$6,888 per child
- Fully subsidize the fixed hospital medical insurance for employee's child who is aged 0-7
- Flexible paternity leave
- Family care leave
- Bereavement Leave superior to legislative requirements
- Employees' family group insurance
- Friendly parental leave policies – In 2023, the ratio of employee of SinoPac who is eligible for parental leave was 18.0%, the reinstatement rate was 90.0% and the retention rate was 88.5%. It indicates that SinoPac Holdings has well parental leave policies and employees can balance work and life.
- SinoPac Securities has implemented the "Employee Stock Ownership Trust Program" since 1999. 100% employees of SinoPac Securities are eligible to join it. The employees invest a amount of money every month and the Company contributed fixed percentage of incentive funds. This program is based on the principle of long-term employee ownership and sharing of business performance and results with the company. SinoPac Securities implement a performance appraisal system, and Corporate Governance is included in the performance evaluation of each employee, which is linked with the promotion system.
Retirement System
The Company provides employees with a secure pension system and makes regular contributions to the statutory pension fund in accordance with the Labor Standards Act and the Labor Pension Act to ensure employee pension benefits and the quality of life of retired employees. The implementations are as below:
- Employees at SinoPac Holdings and its domestic subsidiaries, to which the Labor Pension Act applies, are subject to a government-administered defined contribution plan, where the company contributes 6% of the employee's salary to the employee's personal pension account placed under the Bureau of Labor Insurance. For employees who choose to make voluntary contributions to the pension plan, the company will deduct monthly contributions from their salaries according to their voluntary contribution rate and remit the contributions to their personal pension account placed under the Bureau of Labor Insurance.
- For employees at SinoPac Holdings and its domestic subsidiaries to which the Labor Standards Act applies, monthly contributions are made by the company to the employee retirement reserve fund, where the Supervisory Committee of Labor Retirement Reserve is responsible for depositing the funds into the dedicated accounts under the Department of Trust at Bank of Taiwan and Bank SinoPac in its name.
