Harmonious Workplace / Compensation and Benefits
Compensation and Benefits
Remuneration Policies
To ensure reasonable compensation for employees as well as to attract and retain talent, while also taking into consideration other factors including stockholder rights and interests, employee quality of life, and sustainable development of WNC, WNC provides remuneration and benefits that comply with local regulations, and employee wages are not lower than the statutory minimum wage. Wages are also regularly adjusted according to current price levels, market supply/demand, average salary levels in the industry, and local laws/regulations.
WNC stipulates various reward systems to encourage full-time employees and units with excellent performance, such as performance bonuses, project bonuses, restricted stock and other equity incentive plans, as well as annual long-term employee awards, outstanding team awards, outstanding employee awards and patent awards. WNC is committed to not discriminating against employees or providing differential treatment based on gender, age, race, nationality, religion, marital status, or political view.
An Employee Stock Ownership Trust (ESOT) program has been set up at WNC’s Taiwan sites as a way to encourage employees to save funds for obtaining and managing company stocks. As of the end of 2024, a total of 1,993 employees joined the employee shareholding trust, which was an increase of 18% compared to 2023. In China and Vietnam sites, unit managers evaluate the seniority and performance of employees, then submit a list of key employees to be retained. The aforementioned managers and employees will sign a retention agreement after terms and conditions are agreed to.
WNC Employee Retention Plans in 2024Note
Item | Number of eligible candidates | Actual participants | Amount invested (Unit: million NT$) |
---|---|---|---|
Employee stock ownership trust | 4,604 | 1,993 | 79.0 |
Employee retention plans | 755 | 355 | 37.3 |
Total | 5,359 | 2,348 | 116.3 |
- Note: Only retention plans for employees at Taiwan, China and Vietnam sites are disclosed.
Employee Retention Plan
Sites | Reward plan | Overview | Rewards | 2024 Results |
---|---|---|---|---|
Taiwan | Cash bonus plan | Employees working at WNC during the calculation period of the cash bonus and the payment date of the bonus. | WNC will allocate a certain percentage of revenue for the distribution of performance bonuses, employee remuneration and project bonuses based on its business performance in the current year, and the amount of renumeration/bonuses each employee receives is based on their performance. | Amounts of cash bonuses are confidential; the number of employees entitled to cash bonuses is subject to change due to personnel movements, so this data is not disclosed. |
Stock reward plan | Employee Stock Ownership Trust: Full-time employees who have worked at WNC for at least six months may participate. For employees whose performance is rated B or below, the Company has the right to suspend the employer contribution for the following six months. | Employees that are ESOT members contribute a fixed amount from their monthly salary in accordance with their job grade into the ESOT account, and WNC will contribute the same amount into the account and use the money to purchase company shares. After three years of membership, employees are eligible to receive 50% of the shares purchased with WNC’s contribution. After four and five years the percentage goes to 70% and 100%, respectively. The ESOT helps WNC retain talent, helping to ensure that employees are able to share in the success of the company and create further value together with WNC. | By the end of 2024, there were 4,604 qualified employees, of whom 1,993 employees were participating in this plan, a participation rate of 43%, and more than NT$79 million had been withdrawn from the Company’s fund. | |
Restricted Stock: Mid- to upper-level employees who have made significant contributions to WNC’s business performance. | WNC gives restricted stock to employees over a period of three years, and employees obtain these stocks if business performance targets and personal performance targets for the current year are achieved. | A total of 204 employees received the reward with the total bonus amount of over NT$279.82 million. | ||
Outstanding Patent Awards | WNC units submit patents they have obtained to the Patent Selection Committee for review, and then WNC’s President & CEO selects the winners. | The winning teams of the Outstanding Patent Awards will receive medals and prize money. Those who win a Platinum Award will receive NT$100,000 per patent, those who win a Gold Award will receive NT$60,000 per patent, and those who win a Silver Award will receive NT$30,000 per patent based on the contribution. The winners will also get an extra ticket for the lucky draw at the year-end party. | A total of 11 employees received bonuses, with a total amount of NT$150,000. | |
CIP projects: Award for outstanding financial contribution | Project teams submit CIP projects that were completed in the past two years to an evaluation committee composed of personnel from the DMIS Division and the Finance Division for review. The committee will select projects that have shown to bring significant financial benefits to WNC, and the selected projects will be presented to the President & CEO, who will select the winners. | The winning teams will receive medals and prize money. Teams who win the Gold Award will receive NT$50,000, and teams who win the Silver Award will receive NT$20,000. Winning teams will also get extra tickets for the lucky draw at the year-end party. | Six employees received bonuses, with a total amount of NT$50,000. | |
Outstanding employees | The nominees are evaluated by a committee, and then the President & CEO selects the winners. | Outstanding employees receive a commemorative plaque and NT$5,000 in prize money as well as an extra ticket for the lucky draw at the year-end party. | A total of 68 employees received bonuses, with a total amount of NT$340,000. | |
Outstanding teams | Outstanding team winners receive prize money. Teams who win a Gold Award receive NT$20,000, teams who win a Silver Award receive NT$15,000 and teams who win an Outstanding Team Award receive NT$10,000. Winning teams will also get extra tickets for the lucky draw at the year-end party. Leaders and MVPs of outstanding teams also receive a commemorative plaque. | 119 employees received bonuses, with a total amount of NT$205,000. | ||
Employees with seniority | Employees that have worked at WNC for 5, 10, 15, 20 and 25 years. | Employees with seniority are commended at the year-end party, and each receive a commemorative plaque and an extra ticket for the lucky draw. | A total of 944 employees were commended. | |
China | Employee retention plans | Unit managers will evaluate the seniority and performance of employees, and then submit a list of key employees to be retained. The aforementioned managers and employees will sign a retention agreement after terms and conditions are agreed to. | The time period for the plan is two years. If an employee’s performance meets the requirements in these two years, the retention bonus is given in batches. If the employee resigns within two years, they must give back retention bonuses that they’ve already received. | The Kunshan site distributed employee retention bonuses to 190 employees with an amount of about RMB3.4 million; the Nanjing site distributed retention bonuses to 92 employees with an amount of about RMB3.01 million. |
Vietnam | The time period for the plan is three years. The bonus is 40% of the salary amount given to social security and is paid monthly. Prior to bonus payment, the most recent performance rating is taken into account. If the rating is A or higher, the employee is entitled to payment of the full bonus amount; if the rating is A-, 50% of the bonus amount is paid; if the rating is below B, the employee’s retention contract is deemed to be terminated. However, the employee is not required to return the bonuses they’ve already received. | The Vietnam site has distributed talent retention bonuses to 73 employees with the total amount of approximately VND 640 million. |
Employee Support Program
To help employees maintain a work/life balance, in addition to providing diverse work modes, all WNC sites have leave regulations and relevant management measures, such as maternal and child support leave, for full-time employees and contract personnel that are superior to the requirements stipulated in local laws and regulations.
Taiwan Sites
- Flexible working hours from 07:30 to 16:30, 08:00 to 17:00, 08:30 to 17:30 and 09:00-18:00 have been offered for IDL employees. DL employees follow their respective assigned shift schedules. Flexible working hours from 07:30 to 16:30, 08:00 to 17:00, 08:30 to 17:30 and 09:00-18:00 have been offered for IDL employees. DL employees follow their respective assigned shift schedules. Future flexible attendance plans will be evaluated and planned based on actual needsNote.
- In special circumstances, employees can register to work from homeNote and record their attendance status through online check-in.
- Starting from 2025, full-time employees will be granted a 7-day “Re-charge leave” . Priority deduction will be made for flexible holidays announced by the government for national holidays falling on Tuesdays and Thursdays, with Mondays and Fridays adjusted as holidays. Leave remaining after deduction of the above will be freely available for employees to take as they see fit Note.
- New IDL employees are entitled to five days of annual leave in the first year of employment Note.
- Employees at or above a specific job grade can enjoy paid personal leave and sick leave Note.
- From January 2023, employees (non-primary caregivers) are entitled to 10 days of paid leave for their spouses’ prenatal check-up and parental leave, which is superior to the statutory limit, for the period starting from pregnancy to 15 days after giving birth Note.
- Female employees are entitled to 3 days of menstrual leave per year, and those who hold a certain job level and/or above are entitled to paid menstrual leaves.
- Employees are entitled to marriage leave, which could be taken from ten days before the actual wedding or anytime to a maximum of one year after that Note.
- Employees who need to take care of children are entitled to unpaid leave (referred to as parental leave). WNC will inquire about their intention to resume work and assist in preparing for resumption of work one month before the expiration of the parental leave. In 2024, WNC’s Taiwan sites had a total of 89 employees applying for unpaid parental leave, including 20 males and 69 females.
- From January 2023, after the initial 56 days of maternity leave, female employees giving birth (the primary caregiver) can apply for a further 28 days of paid childcare leave Note, longer than that prescribed by law; those who choose not to apply for paid childcare leave will have their childcare leave converted to a taxable cash amount. In 2024, 79 female employees applied for childcare leave and 15 female employees applied for compensation in lieu of childcare leave. A total of NT$748,072 was issued.
- The lactation rooms at WNC headquarters and S1 have obtained the Hsinchu County Workplace-Friendly Lactation Room Certification and Hsinchu City Friendly Lactation Room Premium Certification, respectively.
- The factory nurse regularly checks up on pregnant and breastfeeding employees, and conducts pregnancy and postpartum assessments in coordination with physicians, nursing staff, and industrial safety supervisors.
- Maternity allowance: Employees or their spouses who give birth can apply for a childbirth subsidy of NT$2,000/child. In 2024, a total of 125 applied for the subsidy, with a total amount of NT$250,000, representing a 10% increase in applicants compared to 2023.
- WNC Pregnancy Giftset Project: A pregnant employee or her spouse can use the expecting mother handbook to apply for a giftset from WNC. The gift set includes a pregnancy handbook, a handbag for the mother, and a gift box for the newborn baby. The gifts inside gift boxes are made of 100% organic cotton certified by GOTS and the packaging materials are recycled pulp certified by FSC. In 2024, WNC gave away 141 giftsets for pregnant employees.
- WNC has signed special agreements with childcare service providers of Hsinchu City, Hsinchu County, Taoyuan City, Miaoli County, Tainan City and Kaohsiung City to offer preferential childcare discounts to employees. As of 2024, a total of 25 childcare service providers were contracted. An additional 91 providers are expected to be added in 2025, bringing the total number of contracted providers to 116.
According to WNC’s Employee Benefits Regulations, deceased employees are entitled to a full two months’ salary for funeral expenses and a full five months’ salary if the death occurs while they are at work. According to the marriage, bereavement, and celebratory subsidy policy, the Welfare Committee grants employees an additional death condolence payment of NT$30,000.
- Recreation centers, aerobics rooms and reading rooms have been established.
- The Company organizes seasonal events and encourages employees to participate in these events. Event themes range from art, food to healthcare.
- WNC conducts general/special medical examinations for newcomers, general/special on-the-job health examinations and offers an occupational medicine specialists’ on-site health service. In addition to health examinations legally required, WNC also provides additional test items such as abdominal ultrasound, eye pressure, uric acid, glycosylated hemoglobin (blood sugar test), and alpha-fetoprotein (liver cancer test).
- WNC implements health promotion projects every year.
- WNC launched a digital employee assistance program, through which the company commissioned a counselling service provider to provide a variety of consultation and counselling services via a user-friendly app. Counselling services are conveniently offered through text, audio and video chats.
China Sites
- From May 2014, flexible working hours from 07:30 to 16:30, 08:00 to 17:00, and 08:30 to 17:30 have been offered for employees who have long commutes and are raising children under the age of 13.
- In special circumstances, employees can register to work from home and submit proof of attendance records to the HR Department for review.
- After working for one year, employees are entitled to five further days of annual leave, 13 days of marriage leave, 158 days of maternity leave (for females) or 15 days of parental leave (for males) after their spouses give birth, and 15 days of leave for difficult child births.
- Under the “Special Regulations on Labor Protection for Female Employees”, paid prenatal check-up leave, maternity leave, miscarriage leave, and breastfeeding time are granted to maintain a work-life balance for female employees.
- Male employees (non-primary caregivers) are entitled to 15 days of parental leave after their spouses give birth.
- If International Women’s Day, March 8, falls on a weekday, employees are entitled to four hours of compensatory leave, if it falls on a weekend, employees can directly register for four hours of overtime pay.
- In case an employee is the only child in the family and his/her parents become ill and are hospitalized after reaching the age of 60, the employee is entitled to 5 days of paid nursing leave per year.
- Bereavement leave eligibility and duration exceed local legal requirements. For the death of parents, spouse, or children, 3 days of paid leave are granted; for the death of grandparents or grandparents-in-law (excluding spouse’s grandparents), 1 day of paid leave is provided Note.
Starting from 2022, new childcare leave was implemented according to the latest announcement of Jiangsu Province. Both spouses are entitled to 10 days of childcare leave each year before their children reaches the age of 3.
The Kunshan site in China has arranged a spacious and comfortable lactation room. In 2018, it was certified as a model lactation room by the Kunshan Municipal Government.
Employees in China are enrolled in social insurance and a housing providence fund as required by the Labor Law of the People’s Republic of China (five types of insurance and a mutual housing fund). The social insurance includes endowment insurance, medical insurance, employment injury insurance, unemployment insurance and maternity insurance.
- A complete and multifunctional living center named Qi Yuan is provided at employee dormitories. In addition to catering services and a supermarket, there are other recreational facilities such as a reading room.
- All new employees in China are required to undergo general health examinations. In addition, according to the Occupational Disease Prevention Law of the People’s Republic of China, employees with potential occupational disease hazards will also be provided with new, in-service and pre-resignation occupational health examinations for special projects.
Vietnam Sites
In special circumstances, employees can register to work from home and record their attendance status through online check-in.
- New employees are entitled to 12 days of annual leave, three days of marriage leave, six months of maternity leave (for females) or parental leave for males (five days for natural childbirth, and seven days for cesarean birth), as well as family care leave (20 days for children under 3 years old; 15 days for children > 3 years old and < 7 years old) in their first year of employment.
- Under the local “Law on Social Insurance”, a paid menstrual period rest (30 minutes per day) is granted (for female employees).
- Female employees who are more than 7 months pregnant or whose children are under 1 year old are allowed to leave work 1 hour earlier.
- Under the local Labor Act, WNC assists employees in applying for social insurance, and provides paid prenatal check-up leave, maternity leave, miscarriage leave, and postpartum/miscarriage recovery leave.
- A lactation room has been set up within the site.
- Under the local Labor Act, employees with children under the age of 6 can receive an allowance, as determined by the company.
Employees in Vietnam are enrolled in social insurance (including pension and death insurance), medical insurance, occupational injury insurance, and unemployment insurance according to the Regulation on Payment of Social Insurance and Unemployment Insurance.
All employees in Vietnam are required to undergo general health examinations every year. In addition, according to the Labor Law and Occupational Health and Safety Law, employees with potential occupational disease hazards are also provided with semi-annual occupational health examinations for special projects.
Note: These employee support items exceed local legal requirements.
Green Marketplace
At the end of 2013, WNC launched a clean food movement, becoming the 1st large-scale enterprise in Hsinchu Science Park to use 100% organic vegetables in its employee cafeterias. Caterers also reduce excessive processing and over-seasoning. Special activities such as healthy meals and green diet are occasionally held. In December 2022, WNC became the first large-scale enterprise to provide guidance for the use of green foods as part of the “Green Foods Promotion”. In 2022, cafeterias for WNC employees were transformed and positioned as “Green Marketplaces”, with four major initiatives: regular safety and health inspections, selecting of certified high-quality products, promoting green consumption and practicing environmental sustainability.
In 2023, WNC received certification from the Environmental Protection Administration as an Environmental-friendly Restaurant and recognition from the Green Dining Guide (GDG) as a Pioneer Enterprise in the Green Dining Award. In 2024, WNC’s cafeterias became the first corporate cafeterias in Taiwan to receive two stars in the “Food Made Good” program by the Sustainable Restaurant Association of the UK, making them the first corporate cafeterias in Taiwan to receive international sustainability certification. WNC will continue to work with its employees and suppliers to promote a culture of sustainable dining. By leveraging its social influence, WNC aims to unite industry partners in implementing sustainable development measures for the environment, land, producers, and consumers.
Good Food Movement
Social
Mutual Prosperity and Growth
Economic
Green Economy
Environmental

- Support independent farmers with business opportunities and inject new life into the agricultural community
- Create win-win business models with other social enterprises
- More diverse meal options offered by on-site food-service vendors
- Actively educate for healthy eating