Compensation and Benefits
Giga complies with each operation site’s local labor laws and regulations. Talent market compensation, industrial compensation standard related index, and corporate business operation performance review are regularly assessed. In the first quarter of each year, we conduct performance assessment and salary adjustment according to each employee’s contribution in the previous year, performance, and responsibility taking, etc., to ensure Giga employees’ compensation policy keeps highly competitive in each talent market. Giga upholds our fair and just principles on compensation and benefits, awarding based on performance and target contribution, excluding any prohibited discrimination items such as gender, age, race, religion, politics, marital status…etc.
Pension Benefit
Every year, the Company precisely calculate the appropriation rate of labor retirement reserve funds to ensure the pension contributions do suffice to guarantee employees' lifestyles after retirement. A Pension Supervisory Committee comprising of employee and management representatives would review the pension account quarterly and discuss issues regarding employees' retirement.
The accumulated funds appropriated by Giga Solution are sufficient to pay all labor pensions to the workers.
Employee may apply for voluntary retirement under any of the following conditions:
1. Where the worker attains the age of fifty-five and has worked for fifteen years.
2. Where the worker has worked for more than twenty-five years.
3. Where the worker attains the age of sixty and has worked for ten years.
The criteria for payment of worker pensions under Labor Standard Act. shall be as follows:
Two bases are given for each full year of service rendered. But for the rest of the years over 15 years, one base is given for each full year of service rendered. The total number of bases shall be no more than 45. The length of service is calculated as half year when it is less than six months and as one year when it is more than six months.
After meeting the qualification of the Labor Pension Act., employees can claim for the principal and the return accrued in his/her individual labor pension account.