Faraday is committed to offering a competitive compensation and benefits system to attract and retain top talent. Through a well-structured compensation policy, performance-based bonuses, and a diverse range of employee benefits, we foster a stable work environment where employees can grow and achieve success alongside. Below are our key principles of the compensation system.
Competitive Compensation
We provide competitive salaries with bonuses of varying types and levels, adjusted based on employees' roles, contributions, performance and other relevant factors to ensure that individual achievements and responsibilities fairly recognized. To maintain compliance, competitiveness, and fairness, we regularly review and adjust salaries, working hours, and benefits in line with market trends and internal assessments. Since 2014, Faraday has been consistently included in the Taiwan Stock Exchange’s "TWSE RA Taiwan High Compensation 100 Index.“
Pay Equity
Faraday's compensation structure is designed based on job roles and performance. Regular reviews ensure that employees in the same position receive equal pay, free from discrimination based on gender, race, age, religion, political affiliation, marital status, or sexual orientation.
Commitment to Fair Compensation
Faraday guarantees all employees a base salary exceeding the minimum wage, adopting a living wage standard to support both personal and family needs. We are committed to providing a salary structure that enhances employees' quality of life while promoting a healthy work-life balance.
Retirement Benefits
In compliance with the “Labor Standards Act”, Faraday provides a defined benefit pension plan and has established a Labor Retirement Reserve Supervisory Committee to oversee related matters. Since July 1, 2005, we have also implemented a Defined Contribution Plan under the “Labor Pension Act”, ensuring all employees are enrolled in retirement programs. Contribution rates are reviewed and adjusted regularly to secure employees’ financial well-being after retirement. For details on retirement benefit provisions and expenses, please refer to Faraday's annual reports.
Employee Stock Ownership Plan (ESOP)
Since 2022, Faraday has implemented an Employee Stock Ownership Trust (ESOT) to encourage employees to participate in the company's growth and share in its success. Currently, over 75% of employees have joined the program. This initiative strengthens alignment between employees and company objectives, fostering long-term employee engagement and sustainable development.
Comprehensive Insurance Coverage
Faraday provides statutory social insurance to safeguard employees' fundamental rights. In addition to legally required labor insurance (including employment insurance) and National Health Insurance (NHI), we offer supplementary group insurance that covers life, critical illness, medical , accident, cancer, and overseas travel accident insurance for business trips. These provisions aim to protect employees' occupational and everyday well-being. To extend protection further, Faraday also offers group insurance plans for employees' family members. Currently, over 40% of employees have opted to enroll their families, enhancing family inclusive protection.
