Formosa Laboratories has joined the “TALENT, in Taiwan” Taiwan Talent Sustainability Action Alliance in response to the six talent sustainability indicators, with a commitment to realizing three of these indicators, namely “incentive rewards,” “physical and mental health,” and “talent development.” Participating in this alliance demonstrates our determination to foster talent sustainability while enhancing employee well-being and creating a diverse, inclusive, and health workplace environment to retain key talents and build corporate competitivene如果果
▼Management of material topic “talent attraction and retention” at Formosa Laboratories in 2023
Workforce Overview
Statistics on Human Resources
Formosa Laboratories is dedicated to developing a diverse and rich talent pool and promoting diversity and co-prosperity, but prohibits differential treatment based on employees’ diverse identities. As of the end of 2023, Formosa Laboratories employed 902 people in total, up 66 people from the previous year. Gender-wise, Formosa Laboratories has 624 male employees (69.2%) and 278 female employees (30.8%), with a male-to-female supervisor/manager ratio of 2.075:1. At the same time, Formosa Laboratories also employs people with disabilities in accordance with the law. In 2023, six employees with disabilities, five employees with indigenous status, and 98 foreign employees (from seven countries, namely Canada, India, Vietnam, Malaysia, the Philippines, Indonesia, and Thailand) were employed at Formosa Laboratories.
Types of employees hired by Formosa Laboratories in 2023
| Employee category (Unit: persons) | Male | Female | Total |
|---|---|---|---|
| Full-time employees (indefinite contracts) | 621 | 273 | 894 |
| Contract employees (fixed-term contracts) | 3 | 5 | 8 |
| Total by gender | 624 | 278 | 902 |
Note:
- All our employees are full-time employees who work 40 hours a week. There are no part-time and temporary workers at Formosa Laboratories.
- Contract employees in this table are on fixed-term contracts, whereas foreign employees are on indefinite contracts.
Changes in the number of workers at Formosa Laboratories over the past three years
| Worker category | 2021 | 2022 | 2023 |
|---|---|---|---|
| Employees | 830 | 836 | 902 |
| Non-employee workers | 26 | 23 | 17 |
| Total | 856 | 859 | 919 |
- Number of people is calculated based on the number of people on December 31 of each year.
- Non-employee workers refer to workers who are not directly employed by Formosa Laboratories, but whose work is directly managed by Formosa Laboratories. In 2023, Formosa Laboratories employed a total of 17 non-employee workers (excluding contract construction workers), i.e., seven environment cleaners, three catering workers, and seven security guards.
Diverse and Abundant Employment Opportunities.
Formosa Laboratories responds to SDG 8 "Decent Work and Economic Growth" by providing equal employment opportunities to individuals of different genders and ages. According to Article 4 of the Company's work regulations, discrimination based on race, class, language, ideology, religion, political affiliation, place of origin, birthplace, gender, sexual orientation, age, marital status, appearance, facial features, physical or mental disabilities, or past/present membership in a labor union is prohibited during recruitment, selection, employment, distribution, assignment, performance evaluation, or promotion. We respect the gender identity of each colleague and have gender-friendly restrooms on the 3rd and 4th floors of Building C and the 1st floor of Building V.
According to the employee data statistics at the end of 2022, the percentage of female employees in the Company is 28.5%. The percentage of female senior management is 37.5%. This shows that although the number of female employees is relatively small due to the characteristics of the industry, female employees can still fully demonstrate their strengths within the Company and be promoted to middle and senior management based on their job performance, without being treated differently because of their gender.
We employ 7 disabled employees in accordance with government regulations, meeting the standard of the legal quota. We also ensure job opportunities for other minority groups in accordance with government regulations in various regions, promoting diversity among our employees. We have a total of 6 indigenous employees and 91 foreign employees from 6 countries including India, Vietnam, Malaysia, the Philippines, Indonesia, and Thailand.
Distribution of employee diversity by job category at Formosa Laboratories in 2023
| Job category \ Diversity category | Gender | Age | |||
|---|---|---|---|---|---|
| Male | Female | 30 years old and below | 31 to 50 years old | 51 years old and above | |
| Management level | 62.5% | 37.5% | 0.0% | 6.3% | 93.8% |
| Management positions | 68.2% | 31.8% | 0.0% | 82.2% | 17.8% |
| Professional positions | 69.4% | 30.6% | 35.8% | 61.0% | 3.2% |
| Number of employees for each diversity category | 624 | 278 | 279 | 564 | 59 |
| Number of people in each diversity category as a percentage of total number of employees | 69.2% | 30.8% | 30.9% | 62.5% | 6.5% |
Note：
- At Formosa Laboratories, 16 employees are top-level executives at the management level; 107 employees hold management positions ranging from the deputy director level up to the level before top-level executive; while 779 employees hold professional positions.
- Percentage of employees in each job category for each diversity category = Number of employees in each job category for each diversity category ÷ Total number of employees in each job category, which is rounded to one decimal place. There were slight errors in the figures presented in the table due to rounding to one decimal place.
- The statistics presented in the table above are as of December 31, 2023.
Employee Turnover New Hires and Departures
In 2023, Formosa Laboratories hired 260 new employees, representing a 28.82% new hire rate, with a male-to-female new employee ratio of 1.55:1, while young employees aged 30 years old and below accounted for 35.16% of the total number of new employees at Formosa Laboratories. As regards employee retention, a total of 195 employees exited Formosa Laboratories, representing a 21.62% turnover rate and a 11.22% progressive turnover rate, with a male-to-female ratio of 2.15:1. In addition, Formosa Laboratories invites talents to join our team with early employment offers and onboard rewards following the rollout and implementation of an internship program since 2022. Formosa Laboratories recruited nine interns in 2022 and 19 interns in 2023, where seven of them stayed on after their internships to join our team while three more are expected to join us in July 2024 after graduation.
We will not only step up efforts to ensure work-life balance, but also continue to bolster the competencies of our supervisors and managers, provide employees with career development opportunities, and establish a comprehensive incentive and reward system. Furthermore, we endeavor to listen to the voices of our employees through satisfaction surveys and twoway communication on a daily basis, with a view to facilitating employee retention.
▼New hire and turnover rates at Formosa Laboratories over the past two years
▼Distribution of new employees and departed employees by gender and age at Formosa Laboratories in 2023
Note：- The percentage of new employees for each category (i.e., number of new employees for each category/total number of new employees ×100%) is rounded to one decimal place.
- The percentage of departed employees for each category (i.e., number of departed employees for each category/total number of departed employees ×100%) is rounded to one decimal place.
- The statistics on new employees include 91 migrant workers.
- Departed employees refer to employees who exited Formosa Laboratories on a voluntary basis or due to termination of employment, retirement or death on duty. Specifically, the number of departed employees includes 21 migrant workers and eight short-term contract workers whose contract has expired, 21 interns, and 10 employees on parental leave or general leave.
Diversified Distribution of Job Categories among Formosa Laboratories' Employees
Note:
- The management level consists of 16 supervisors or above; the management position consists of 101 deputy directors or above who have not reached the first level supervisor; and there are a total of 719 professional staff members.
- The calculation method is diversified number of employees in each employee category ÷ the total number of employees in each employee category, calculated to the first decimal place; there is some error in the data due to the rounding of the second digit.
- This table shows the statistics as of December 31, 2022
Employee Turnover
New Employees
Formosa Laboratories hired a total of 211 new employees in 2022, representing a 25.2% new hire rate based on the total number of employees at the end of the period. Among them, there were 131 male employees and 80 female employees, with the majority being 31 to 50 years old, accounting for 54.0%. The main positions for 40% of the new employees were in production, technical, and other entry level positions.
Statistics on Gender and Age Distribution of New Employees
Note:
- The percentage of new employees in each category (number of new employees in each category / total number of new employees × 100%) rounded to the first decimal place.
- The number of new employees includes 88 foreign migrant workers.
Separation and Retention
In terms of employee retention, a total of 205 employees turnover in 2022, including 139 males and 66 females, resulting in a turnover rate of 24.5%. The progressive turnover rate is approximately 19.6% . Among the resignations, the majority were production and technical staff at the entry level, accounting for 50%. The Company will continue to improve work-life balance, enhance managerial capabilities, and provide career development opportunities for employees to promote employee retention.
Statistics on Gender and Age Distribution of Employee Turnover
Note:
- The percentage of employee turnover in each category (number of employee turnover in each category / total number of employee turnover × 100%) rounded to the first decimal place.
- Employee turnover includes those who voluntarily leave the organization or leave due to dismissal, retirement, or job-related death. Among them, there are 11 foreign migrant workers whose contracts have expired, 4 short-term contract workers whose contracts have expired, and 10 employees on parental leave or general leave, all of whom are counted as part of the total number of turnovers.
Parental Leave
At Formosa Laboratories, all employees who have been employed for at least six months may apply for unpaid parental leave before each of their children reaches three years old, but not for a period of no more than two years. Employees on unpaid parental leave may continue to participate in social insurance. At the same time, Formosa Laboratories will continue to care for employees and protect their jobs when they are on unpaid parental leave. These employees will also be a gentle reminder on their return to work one month before their parental leave ends.
Statistics on employees on unpaid parental leave at Formosa Laboratories in 2023
Note:
- These figures were determined based on the number of employees who have previously applied for maternity or paternity leave over the past three years (2021 to 2023).
- The actual reinstatement date falls in 2022 and within a period of one year after returning to work at Formosa Laboratories.
Protection of Human Rights and Labor Rights
The Company prohibits the employment of child labor under the age of 16, prohibits forced labor and any form of discriminatory employment. We comply with international standards, the International Bill of Human Rights, and relevant labor employment Laws at our business locations to protect the rights and interests of workers. This includes ensuring minimum wages, working hours (including overtime), insurance, leave, retirement pension system. We provide equal employment opportunities and treatment without discrimination based on race, color, gender, religion, politics, nationality, or social background.
In accordance with Article 64 of the Company's work rules, we provide a system for employees to file grievance regarding workplace violence and sexual harassment, and establish unlawful infringements preventive measures, ensuring that employees are not threatened or violated in their physical and mental well-being in the work environment. The Company did not experience any significant risks or incidents of discrimination, use of child labor, forced labor, discrimination, or other violations of labor rights. In the future, we will plan to establish a comprehensive human rights policy and issue announcements in accordance with regulations and international human rights conventions, encouraging suppliers and partners to jointly prioritize human rights issues.
Explanation of Measures Related to Labor Rights of Formosa Laboratories
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