Workforce Overview
▼Management of material topic "Talent Attraction and Retention" at Formosa Laboratories in 2024
Talent Sustainability, Building the Chemical Competitiveness of Formosa Laboratories
Formosa Laboratories joined "TALENT, in Taiwan"Taiwan Talent Sustainability Action Alliance" in 2022. In 2024, the Company continued to address six talent sustainability indicators. By joining this alliance, we are committed to building talent sustainability to retain key talent and strengthen corporate competitiveness. Additionally, Formosa Laboratories, a company that has prioritized workplace talent value for the long term, earned a silver award in the happiness enterprise assessment conducted by 1111 Job Bank, highlighting its excellent achievements in creating a positive workplace.
▼2024年台灣人才永續標章
▼2024 幸福企業 銀獎
Statistics on Human Resources
Formosa Laboratories is committed to developing a diverse and talented workforce and promoting diversity and mutual prosperity. However, it prohibits discrimination based on employees' various identities. By the end of 2024, the company employed a total of 927 people, an increase of 25 from the previous year. In terms of gender, there were 629 male employees (67.9%) and 298 female employees (32.2%), with a male-to-female supervisor/manager ratio of 2.075:1. Additionally, the company employs people with disabilities in accordance with the law. In 2024, there were six employees with disabilities, five employees with indigenous status, and 98 foreign employees from seven countries: Canada, India, Vietnam, Malaysia, the Philippines, Indonesia, and Thailand.
▼Types of employees hired by Formosa Laboratories in 2024
| Employee category (Unit: persons) | Male | Female | Total |
|---|---|---|---|
| Full-time employees (indefinite contracts) | 625 | 294 | 919 |
| Contract employees (fixed-term contracts) | 4 | 4 | 8 |
| Total by gender | 629 | 298 | 927 |
Note :
- All our employees are full-time workers who work 40 hours a week. There are no part-time or temporary employees at Formosa Laboratories.
- Contract employees listed here are on fixed-term agreements, while foreign employees are on indefinite contracts.
▼Changes in the number of workers at Formosa Laboratories over the past three years
| Worker category | 2022 | 2023 | 2024 |
|---|---|---|---|
| Employees | 836 | 902 | 927 |
| Non-employee workers | 23 | 17 | 17 |
| Total | 859 | 919 | 944 |
- The number of people is calculated based on the count of people on December 31 of each year.
- Non-employee workers are individuals who are not directly employed by Formosa Laboratories,
but whose work is managed by them. In 2024, Formosa Laboratories employed a total of 17 non- employee workers (excluding contract construction workers), including seven environment cleaners, three catering workers, and seven security guards.
▼Distribution of employee diversity by job category at Formosa Laboratories in 2024
| 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 | 58.8% | 41.2% | 0.0% | 17.6% | 82.4% |
| Management positions | 67.3% | 32.7% | 0.9% | 80.5% | 18.6% |
| Professional positions | 68.1% | 31.9% | 34.9% | 61.9% | 3.3% |
註：
- At Formosa Laboratories, 17 employees are top-level executives; 113 employees hold management positions from deputy director up to just below top-level executive; while 797 employees have professional roles.
- The data shown in the table above are as of December 31, 2024.
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.
New Hires and Departures
In 2024, Formosa Laboratories hired 197 new employees, representing a 21.3% new hire rate, with a male-to-female ratio of 1.56:1 among new hires. Young employees aged 30 years and under made up 58.4% of the new workforce. Regarding employee retention, 172 employees left the company, resulting in an 18.6% turnover rate and a 9.4% progressive turnover rate, with a male-to-female ratio of 2.02:1. Additionally, since launching an internship program in 2022, Formosa Laboratories has invited talents to join through early employment offers and onboarding incentives. In 2022, the company recruited 9 interns; in 2023, 19 interns; and in 2024, 20 interns, with 12 of them continuing on as full-time employees.
We will not only increase efforts to ensure work-life balance but also continue to strengthen our supervisors' and managers' skills, offer employees career development opportunities, and establish a comprehensive incentive and reward system. Additionally, we aim to listen to our employees through regular satisfaction surveys and two-way communication, aiming to support 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 2024
Notes：
- The percentage of new employees for each category (i.e., number of new employees for each category/total number of new employees X 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 X100%) is rounded to one decimal place.
- The statistics on new employees include 24 migrant workers.
- Departed employees refer to those who have left Formosa Laboratories either voluntarily or due to termination, retirement, or death while on duty. Specifically, the number of departed employees includes 9 migrant workers, 2 short-term contract workers whose contracts have expired, and 20 interns.
▼Diversified Distribution of Job Categories among Formosa Laboratories' Employees ![Human Resources Overview]( "Human Resources Overview")
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, 2024
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 turns three years old, but not for 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 support employees and safeguard their jobs while they are on unpaid parental leave. These employees will also receive a gentle reminder one month before their parental leave ends to return to work.
▼Statistics on employees on unpaid parental leave at Formosa Laboratories in 2024
Note:
- These figures are based on the number of employees who have previously applied for maternity or paternity leave over the past three years (2022 to 2024).
- The actual reinstatement date occurs in 2023 and is within 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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