■ Childbirth Subsidies and Benefits
MICB responded to the government's population policy that encourages people of marriageable age to get married and give birth to children. MICB added NT$20,000 for employee marriage subsidies and NT$80,000 for each childbirth at the end of December 2017. In August 2018, the subsidies were expanded to provide an additional NT$80,000 for each additional child in multiple births. The Group's marriage and childbirth benefits and subsidies are as follows:
■ Parental Leave
Employees who are qualified under the Act of Gender Equality in Employment may apply for unpaid parental leaves. For employees applying for unpaid parental leaves, the Company retains 100% of their positions.
■ Compensation and Benefits
The Company pays new employees different basic salaries depending on their position levels regardless of gender, age, race, religion, political standpoint, marital status, membership; the basic salaries of new employees, at home and abroad, across the Group are higher than the minimum wages of countries where they operate; subsequently, employees' compensation will vary year by year based on the performance bonuses and the increase of salary. The basic salary of women to men is 1: 1. The remuneration ratios for men and women at all ranks are shown in the table below. In addition to the monthly salary and the year-end bonus, each employee's annual income includes the performance bonus and employee compensation paid according to the annual performance. Employees with outstanding performance are eligible for raises. The overall compensation of the Company's employees is better than most of the industry. The Company target 100% utilization of annual employee benefits budget. Since 2014, the Company has been selected as a constituent of the TWSE Taiwan High Compensation 100 Index. As of the end of 2018, Mega Holdings, MICB, CKI, and MS have a total of 7,008 employees holding non-managerial positions which accounts for 81% of the total full-time employees in these units (8,608). The annual salary of the non-managerial employees was approximately NT$1.44 million on average, an increase of NT$20,000 compared to 2017. In addition, the average employee welfare expenses for non-managerial employees of the Group in 2018 was approximately NT$1.64 million, an increase of NT$30,000 compared to 2017.
■ Employee Benefits
In addition to the aforesaid salaries, year-end bonuses, performance bonuses, and employee compensation, the Company provides a good working environment and employee benefits. The employee benefits of MICB are summarized as follows:
The Company also provides employees with a sound retirement plan according to the Company's Retirement Regulations, the Labor Standards Act, and the Labor Pension Act below.
- The Company's Retirement Regulations: Except for appointed managerial officers and those who are applied for Labor Pension Act, employees' pensions shall be appropriated monthly at a rate determined based on the net pension cost of the year within 15% of the total salary to the reserve account under the supervision of the Supervisory Committee of Employee Retirement Reserve.
- The pension system of Labor Standards Act: Employees' pension reserves are appropriated monthly at an actuarial rate. The Supervisory Committee of Employee Retirement Reserve is set up according to the law to supervise the appropriation and application of the pension reserve.
- The pension system of Labor Pension Act: The Company shall appropriate 6% of an employee's monthly salary to the employee's pension account opened with the Bureau of Labor Insurance.