Wan Hai Compensation
Wan Hai believes people are the most important investment for success. With a view toward long-term growth and profitability, Wan Hai offers competitive compensation programs and high remuneration to retain, reward, motivate, and satisfy our valued employees.
Wan Hai Benefits
We encourage staff to pursue continuing education and self-improvement programs by providing training and study subsidies. In addition, Wan Hai provides other benefits such as employee insurance, bonuses, travel subsidies, wedding and funeral subsidies, uniforms, annual health examinations, and club activities.
Pursuant to the Labor Standards Act and the Labor Pension Act, on July 1, 2005, the Company issued written inquiries to employees with respect to their selection of the new or old pension plan. The Company subsequently reported the results to the Bureau of Labor Insurance (BLI). Accordingly, the Company sets aside a sum equal to 15% of total monthly wage to the retirement funds of those who chose the old pension plan. A sum equal to 6% of total monthly wage is set aside for those who chose the new pension plan. These amounts are deposited into each employee's individual account with the BLI. The Company has also set aside the full amount covering the provisional difference between the new and old pension plans for those employees who chose to switch to the new pension plan within five years. The Company has actuarial reports on file for such provisions prepared by qualified actuary.