Best Workplace
Nuvoton Technology has always regarded employees as our most important asset, and strives to attract new applicants by providing competitive compensation and benefits, comprehensive education and training, and a comfortable and safe working environment. Nuvoton is in full compliance with the rules of the Labor Standards Act, and abides by the labor rights provisions of the EICC Code of Conduct. When hiring new employees, it does not employ people under the age of 15 or involuntary workers (such as those by coercion, mortgage, debt, indentured servitude, enslavement or human trafficking). Nuvoton further ensures that all employees enjoy equal rights without discrimination, and that the Company shall not unlawfully discriminate against any employees or prospective employees for reasons such as ethnicity or nationality, skin color, age, sex, sexual orientation, gender identity, disability, pregnancy, religion, political stance, corporate background, veteran status, protected genetic information, or marital status.
Talent Employment Practices
Nuvoton Technology has always regarded employees as our most important asset, and strives to attract new applicants by providing competitive compensation and benefits, comprehensive education and training, and a comfortable and safe working environment. Nuvoton is in full compliance with the rules of the Labor Standards Act, and abides by the labor rights provisions of the EICC Code of Conduct. When hiring new employees, it does not employ people under the age of 15 or involuntary workers (such as those by coercion, mortgage, debt, indentured servitude, enslavement or human trafficking). Nuvoton further ensures that all employees enjoy equal rights without discrimination, and that the Company shall not unlawfully discriminate against any employees or prospective employees for reasons such as ethnicity or nationality, skin color, age, sex, sexual orientation, gender identity, disability, pregnancy, religion, political stance, corporate background, veteran status, protected genetic information, or marital status. In 2019, no discrimination or forced labor complaints were filed against Nuvoton. New employee recruitment and hiring rates in 2019 differ only slightly from 2018, with a total change of less than 1%. The majority of newly recruited employees are between the ages of 21 and 40. The ages of those leaving the company also generally follows a normal bell shaped distribution. Overall, Nuvoton's employee structure remains quite stable.
Salary and Benefits
Nuvoton Technology employee salaries are in compliance to the minimum wage rules of the Labor Standards Act, and the salaries of the lowest paid direct employees are at least 1.1 times higher than the minimum stipulated by the Labor Standards Act. In order to provide employees with a workplace in which they can develop both mentally and physically in a balanced manner, we implemented a pre-planned vacation management system to assist employees in planning their vacations. And we also actively remind employees to take adequate vacation time as to promote the concept of healthy work environment. In terms of benefits, Nuvoton provides insurance and pension benefits that are in compliance with local laws and regulations across the globe. Nuvoton further provides group insurance benefits that are above and beyond the requirements of the law to ensure the work and life safety of its employees. To encourage marriage and birth rates, we provide designated expectant mother priority parking spaces, lactation rooms, maternity gift packets, maternity leave, paternity leave, family care leave, marriage leave, and a cash gift from the employee welfare committee for each birth.
We further abide by the “Gender Equality in Employment Act”, which gives male and female employees the right to apply for maternity and paternity leave. In 2010, 18 female employees applied for maternity leave, and 80% returned after the end of their leave period; and 26 male employees applied for paternity leave, and 100% returned after the end of their leave period. The aforementioned female employees who did not return directly to Nuvoton after their maternity leaves applied for unpaid maternity leave under the "Act of Gender Equality in Employment", with nearly 78% returning after their maternity leave. Furthermore, 100% of employees who began their maternity or paternity leave during the previous year returned to work this year.
Comprehensive Retirement Policy
To ensure the quality of life after retirement of our employees to enhance their service spirit, Nuvoton Technology has formulated an Employee Retirement Management Plan in accordance with the Labor Standards Act. The Plan clarifies retirement conditions, payment standards, application procedures and other matters, as well as setting up an employee retirement fund supervision committee according to law. According to Article 56, Provision 1 of the Labor Standards Act, Nuvoton shall on a monthly basis allocate funds to an employee retirement fund at the Bank of Taiwan. Ant according to Provision 2 of the same Act and Article, the company shall estimate the number of employees expected to meet retirement conditions by the fourth quarter of each year, asses the current balance of the retirement fund, and make up the difference required to fund the retirement payments. In addition, all employees applicable to the Labor Pension Act are required to make payments of 6% of their monthly salary to their individual Bureau of Labor Insurance pension fund account in accordance with regulations. Currently 14.3% of employees have opted to take part in the previous retirement policy whereas 85.7% of employees have instead opted for the new retirement policy.
Learning and Development
In a highly competitive industrial environment, nurturing talented people is the key to strengthening our core competitiveness. Nuvoton values the learning and development of each employee. We offer a wide range of learning channels and diversified learning styles, focusing on rich and practical learning content, integrating internal and external learning and development resources, and encouraging active learning and the sharing of skills and knowledge, in order to provide employees with a complete, continuous, diverse and broad-based learning environment and development platform. We are dedicated to creating a working environment that encourages knowledge sharing and growth.
A LOHAS Work Culture
Employees are important assets of the company. In order to help colleagues create a healthy and happy workplace, in addition to taking care of the health of employees, the LOHAS team carefully plans different themed activities. In 2019, the LOHAS team held 2 private hall movie appreciations. Employees brought their families with them, creating good memories for parents and children. In addition, Mr. Yeh Chi Wei, an expert in Hualien, was specially invited to introduce everyone to exploring the beautiful secrets of Hualien and provide employees with in-depth travel plans to relax the mind and body. Nutritionist Liu Yili taught employees to choose food smartly as well as the principles of eating out to achieve balanced nutrition. In the second half of the year, we organized Comedians workshop art activities, providing colleagues in Taipei, Hsinchu, and Tainan office areas to bring their families to enjoy the humorous and themed content of talking, learning, teasing, and singing, which were very well received. We strive to create a diversified and happy workplace environment so that employees can take care of their family, as well as their physical and mental health after work. Together, we work to create a happy, energetic, and healthy workplace environment.
