Employee Benefits
Excellent Job Security
Over the past five years, the average resignation rate of Formosa Plastics Group was 2.7%. Among all, the average resignation rate of Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, Formosa Petrochemical Corporation, and Group Administration was only 1.5%. Compared with other traditional manufacturing, petrochemical, and electronic parts industries, FPG has a lower resignation rate, which fully demonstrates FPG's efforts in caring for employees and providing job security. It also shows that employees have enormous confidence about FPG's management and can identify with it highly as well.
Turnover rate (including retirement, death, and etc) is less than 3%
Over the last five years, the turnover rate of the group was lower than 6.1%. The turnover rate of Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, Formosa Petrochemical Corporation, and Group Administration is lower than 3%. FPG's turnover rate in general is lower than that of other companies in the same industries.
Employee Welfare
A management office in each factory area is responsible for logistics support and employee welfare affairs. In addition, the Employee Welfare Committee, established according to law, is responsible for holding employee trips and arranging annual gifts, birthday gifts, scholarships for employees' children, group insurances, entertainment activities, and subsidies for clubs, in order to attend to the needs of employees. Currently, FPG has implemented a number of employee benefits and preferential measures that are superior to statutory requirements, including below:
Leave Benefits
FPG provides annual leaves, marital leaves, bereavement leaves, official leaves, occupational injury leaves, paternity leaves, maternity leaves, sick leaves, menstrual leaves, personal leaves, family care leaves, relocation leaves, leaves for employees in Vietnam, pandemic prevention leaves and so on. The pay standards for sick leaves, bereavement leaves for certain relatives, and typhoon leaves are superior to statutory requirements.
Insurance Benefits
In addition to labor insurance and national health insurance, the Employee Welfare Committee of each factory area provides casualty insurance and medical insurance. Or employees are offered a variety of group insurance policies with discounted premiums, such as casualty insurance, medical insurance, and cancer insurance, so that they can freely select more comprehensive insurance plans.
Post-employment benefits
FPG makes monthly contributions to employees' pension funds and retirement reserves. Pensions will be paid when the employees meet the statutory conditions of retirement. Also, retirement souvenirs will be given.
Wedding and Childbirth Benefits
●When an employee or his/her relatives gets married/passes away, a cash gift/funeral donation will be given.
●Lactation rooms are provided in plants for breastfeeding during working hours.
●FPG offers parental leaves as required by relevant laws and regulations, and employees who meet the eligibility requirements may schedule their work hours flexibly as needed.
●FPG offers unpaid parental leaves. Employees can file applications according to their needs.
Healthcare Benefits
●FPG offers regular employee checkup packages that are more comprehensive than the statutory requirements.
●Employees engaging in particularly hazardous operations, such as those involving noise or specific chemical substances, are provided with special health checkups and classified health management. The health checkups include cancer screening, such as alpha-fetal protein, carcinoembryonic antigen and oral mucosa.
●FPG subsidizes health checkups at Chang Gung Memorial Hospitals. Also, employees can enjoy discounts on health checkups.
●Some plants are equipped with fitness and entertainment facilities, such as basketball courts, volleyball courts, table tennis courts, and fitness rooms.
●Periodical dissemination of health and hygiene information and Organication of lectures on health issues at each factory.
●Each factory is equipped with infirmaries and medical staff to provide medical services and consultations. In addition, handle health promotion activities are also held such as weight management, smoking cessation clinics, preventive health care, stress relief seminars, etc.
Benefits
●FPG provides cash prizes for Chinese New Year, Dragon Boat Festival, and Mid-Autumn Festival.
●Gifts/vouchers for birthday and three annual festivals.
●FPG provides subsidies for employees' spring/autumn trips and year-end gatherings.
●Employee cafeterias, dormitories for single employees and dependents, welfare buildings, canteens, salons, libraries, guest houses, and recreational facilities can be found at the plants.
●FPG provides cash prizes for buying stocks of the listed companies of the conglomerate.
●Scholarships are offered to employees' children.
●FPG provides relevant corporate resources and discounts at designated shops.
Benefits of Employee Cafeterias
●FPG provides subsidies for employees' daily meals.
●Examination of any pesticide residue of ingredients used in the cafeteria is conducted regularly.
●Special meals are provided on certain holidays and Lunar New Year to treat hardworking employees.
Promoting Employee Relations
●A spectacular year-end party with lucky draws is held each year.
●FPG subsidizes club activities.
●FPG encourages sports by holding Sports Day for all companies in the conglomerate and recognizes outstanding employees with rewards and prizes.
●Employees with 5 years of service will be awarded a commemorative gold coin.
●A variety of trips, hiking events, sports competitions, art exhibitions, and lifestyle seminars are Organiced to enrich employees' mind and body.
Self-Learning Benefits
FPG provides comprehensive training and continuing education opportunities for employees to obtain professional certificates and learn foreign languages. Participants are given rewards after obtaining the certificates.
Personal Safety and Family Care
●FPG provides employees with flame-retardant work clothes and safety shoes.
●Provide funeral subsidies superior to the law.