A friendly environment and harmonious atmosphere are the key indicators that matter most to us

1. Purpose of Formulation

GOODWAY values every partner growing with the company and ensures employees' human rights in accordance with international human rights conventions, such as the “Universal Declaration of Human Rights,” “United Nations Global Compact,” and “ILO Conventions.” The company fulfills its human rights responsibilities, respects all colleagues, including foreign workers and vocational training students, and fosters positive interactions between the company and its employees under legal conditions. GOODWAY actively upholds the human rights principles it follows, contributing to positive social development.

2. Execution of Commitment

• Diversity, Respect, and Equal Inclusion

  • Respect labor rights, prohibit child labor, and eliminate forced labor and employment discrimination.
  • Establish a fair and just human resources policy to ensure that labor rights—such as recruitment, compensation and benefits, training, performance evaluation and promotion, and retirement—are not subject to unfair treatment based on gender, sexual orientation, race, language, socioeconomic status, age, marital or family status, or other factors.
  • Legally assign employee duties without resorting to physical or psychological abuse, coercion, intimidation, verbal threats, withholding of identification documents, or any other unlawful forms of forced labor.

• Working Hours

  • The standard working hours shall not exceed 8 hours per day and 40 hours per week. Employees are entitled to two days off every seven days, including one regular day off and one rest day. With employee consent, working hours may be extended; however, total working hours (including overtime) shall not exceed 12 hours per day, and monthly overtime shall not exceed 46 hours.
  • Regulations regarding annual leave, compensatory leave, and other types of leave are all in compliance with legal requirements.

• Compensation and Benefits

  • The compensation structure complies with relevant legal regulations, offers a clear promotion pathway, and encourages employees to pursue continuing education.
  • The benefits system complies with legal regulations and is tailored to individual employee circumstances, prioritizing the optimal use of benefits for each employee.

• Safe and Healthy Workplace

  • In compliance with legal regulations, a safe working environment is provided. A Labor Safety and Health Committee is established, with certified safety engineers and on-site nurses employed. Regular training sessions on occupational safety, hygiene, and fire drills are conducted to prevent workplace accidents and minimize environmental risks.
  • The company provides care for employees' physical and mental well-being, offering facilities such as lactation rooms and an employee leisure and fitness center. These amenities are designed to support employees at various stages of life, addressing their physical and mental health needs.

• Employee Communication

  • We value the opinions and rights of our employees and, in accordance with the law, regularly hold labor-management meetings to invite employees to discuss issues related to labor conditions and employee benefit.
  • When significant changes in company operations or internal management may impact labor rights, we facilitate positive two-way communication through labor-management meetings.

The company continues to improve the working environment and implement various benefits measures to ensure the safety and well-being of all employees. The activities organized by the Employee Benefits Committee, which is independently led by the employees, have been actively participated in by employees for many years. These initiatives have made an excellent contribution to promoting a balanced physical and mental well-being for the staff.

• All employees are covered by labor insurance, health insurance, and group insurance, and in accordance with government regulations, health insurance is provided for the employees' dependents.
• Regular domestic and international employee trips, birthday parties, and various group recreational activities are organized to strengthen the sense of unity and loyalty among employees, with participation from both employees and their families.
• Subsidies are provided for employees' personal events such as weddings, funerals, and celebrations, allowing employees to feel the care and support of the company.
• The company provides partial loan assistance to employees who encounter emergency accidents, ensuring they receive support during difficult times.
• The company offers educational scholarships for employees' children to support their academic development.

The company ensures a balance between work and leisure for employees through various benefits measures and activities organized by the Benefits Committee, thus ensuring both the quality and quantity of life. The following are the related measures:

Variable Compensation

The company's governance and operational management policy not only focuses on achieving tangible operational results but also considers management-level indicators, departmental goals, and individual performance. An incentive compensation system is designed to reward employees for their hard work and efforts.

Retirement System and Implementation Overview

Employee Stock Ownership Trust

Regarding the employee retirement system, GOODWAY complies with the Labor Standards Act and the Labor Pension Act by regularly allocating reserve funds to legally designated retirement accounts. In addition, the company has established an Employee Stock Ownership Trust Committee in accordance with regulations. Eligible employees may contribute fixed amounts to their individual trust accounts, with the company matching these contributions. All funds are used to purchase company shares, aiming to help employees accumulate stock and effectively plan for their retirement.

In 1987, the Company established the Labor Pension Supervisory Committee in accordance with the Labor Standards Act. Each month, 2.3% of the total employee salary is allocated to a designated account at the Central Trust of China as the labor pension reserve. Pension disbursements are administered in compliance with the Labor Standards Act.

The Labor Pension Act has been in effect since July 1, 2005, adopting a defined contribution system. Employees may choose to apply either the pension system under the Labor Standards Act or the new system under the Labor Pension Act, while retaining their prior years of service. For employees under the new system, the Company contributes 6% of their monthly salary to their individual pension accounts.

The Company complies with the Labor Pension Act as outlined below:

• Voluntary Retirement

  Employees may apply for voluntary retirement under any of the following conditions (for those who choose to be covered under the Labor Pension Act, retirement shall be handled in accordance with the provisions of the Act):

  • Having worked for 15 years or more and reached the age of 55
  • Having worked for 25 years or more
  • Having worked for 10 years or more and reached the age of 60

• Mandatory Retirement

  Employees shall not be mandatorily retired by the Company unless under the following circumstances:

  • The employee has reached the age of 65.
  • The employee is mentally incapacitated or physically disabled and no longer capable of performing the duties.

  For positions involving hazardous conditions or requiring exceptional physical strength, the minimum retirement age specified in the first item above may be adjusted upon approval by the central competent authority, but shall not be less than 55 years old.

• Pension Payment Standards

  • For service years accrued before and after the implementation of the Labor Standards Act, and for employees who choose to continue applying the Act’s pension provisions or to retain service years accrued before opting into the Labor Pension Act, the pension payment is calculated in accordance with Articles 84-2 and 55 of the Labor Standards Act.
  • For employees with such service years who are mandatorily retired under Article 35, Paragraph 1, Subparagraph 2 of the Act due to mental or physical incapacity caused by work-related duties, an additional 10% is granted pursuant to Article 55, Paragraph 1, Subparagraph 2.
  • For employees subject to the Labor Pension Act, the Company contributes monthly an amount equal to 6% of the employee's wage to the employee’s individual pension account.

• Pension Payment

  The Company shall pay the employee's pension within thirty days from the employee's retirement date.