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. The subsidies were expanded to provide an additional NT$80,000 for each additional child in multiple births and the number of employee marriages and childbirths increased significantly in 2019. The Group's marriage and childbirth incentives are as follows:
Unpaid, parental leave is implemented to attain balance between work and family. Employees who are qualified under the Act of Gender Equality in Employment may apply for unpaid parental leave. For employees applying for unpaid parental leave, Mega Holdings protects employees' right to work. In 2019, 248 employees (84 male and 164 female employees) were eligible for parental leave. A total of 80 employees (9 male and 71 female employees) took unpaid parental leave. The number of employees who took parental leave and number of reinstatements in 2019 both increased from the previous year. Mega Holdings provides employees with legal protection to help them take care of their families without worries.
The Company pays new employees different basic salaries depending on their position levels regardless of gender, age, race, religion, political standpoint, marital status, or 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 2019, Mega Holdings, MICB, CKI, and MS have a total of 7,575 full-time employees holding non-managerial positions. The average annual salary of full-time employees holding non-managerial positions was NT$1,435 thousand and the median annual salary of full-time employees holding non-managerial positions was NT$1,138 thousand. Both figures were lower than 2018 mainly due to an increase in the number of new entry-level employees of MICB.
In addition to the aforesaid salaries, year-end bonuses, performance bonuses, and employee compensation, the Company provides employee with good benefits and comprehensive care. The employee benefits of MICB are summarized as follows:
Mega Holdings 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:
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The Company's Retirement Regulations: Except for appointed managerial officers and those who are eligible under the Labor Pension Act, employees' pensions shall be appropriated monthly at a rate 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.
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The pension system of Labor Standards Act: Employees' pension reserves are appropriated monthly at an actuarial rate. The Supervisory Committee of Employee’ Retirement Reserve set up according is responsible for the law to supervision of the appropriation and application of the pension reserve.
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The pension system of Labor Pension Act: The Company shall contribute monthly an amount based on 6% of the employees’ monthly salary to the employees’ individual pension account with the Bureau of Labor Insurance.
To increase employee solidarity and talent retention, and take care of employees in their retirement, Mega Holdings and MICB began organizing employee stock ownership trusts in January 2020. A certain amount from employees' monthly salaries is appropriated into the trust account. The Company sets aside NT$1,000 for each employee participating in the employee stock ownership trust. The fund is delivered into the entrusted bank to manage and invest in shares of Mega Holdings and included in the equity of trust properties. The measures create an employee welfare system that incorporates employee benefits, savings, and investment and wealth management concepts.