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Labor Relations

RichWave strives to create a harmonious, equal, and safe workplace by offering diverse employee benefits, establishing diverse employee communication channels, maintaining the employees’ human rights and valuing workplace safety in order to minimize potential dangerous events.

 

Employee Health and Well-being

Insurance Benefits

On top of basic labor and health insurance, RichWave has also planned comprehensive group insurance that encompasses life insurance, major illness insurance, accidental injury insurance medical insurance, and cancer insurance, where all the insurance expenses are paid for by the company. Apart from caring about our colleagues, we also look after their families’ health protection and life, where full-time employees may purchase RichWave’s group insurance for their spouses, children and parents, thereby providing their families with the same level of protection from the company. For colleagues going on overseas business trips, we will provide them with travel insurance to offer them more adequate protection.

 

Maternity Policy

RichWave’s “Workplace Maternal Health Protection Plan” is devised based on the “Occupational Safety and Health Act,” adopting the necessary safety and health measures to ensure the physical and spiritual health of our pregnant, postpartum, and breastfeeding female employees. Additionally, RichWave offers on-site nurses and physicians to provide them with health services including employee interviews and health risk identification during the maternal health protection period, as well as offering them pregnancy and breastfeeding health guidance and consultation. When there are health-related concerns, they will engage in health protection interviews and relevant medical health instructions.

To offer our employees peace of mind when starting a family and to allow them to strike a balance between work and life, RichWave offers parental leave regardless of gender and it will not affect the employees’ full attendance bonus, performance appraisal or result in other unfavorable disciplinary actions. In 2022, 6 people qualified for parental leave (including 3 women and 3 men), of which 33% of female workers applied for parental leave without pay and all of their applications were approved.

 

Retirement System

RichWave has formulated retirement regulations for our full-time employees and we have established a Labor Pension Oversight Committee according to the Labor Standards Act, where a specific ratio of the employees’ monthly salary is set aside as a retirement pension. The fund is handed over to the Labor Pension Fund Oversight Committee and deposited into the special account of the Bank of Taiwan.

The Labor Pension Act was promulgated on July 1, 2005, adopting the contribution system. The employees can choose the pension provisions from the “Labor Standards Act” or the Labor Pension Act and retain their service duration accrued from before. For employees applicable to the Labor Pension Act, the company will contribute no less than 6% of their salary to their personal pension account every month.

The retirement system of the company’s employees is designed according to the regulations of the Labor Standards Act and the Labor Pension Act, where monthly contributions are made to the pension fund and handed over to the Labor Pension Oversight Committee’s dedicated account for savings and expenditure purposes. Since the Labor Pension Act was promulgated on July 1, 2005, employees may choose between the pension provisions from the “Labor Standards Act” (old system) or the Labor Pension Act and retain their service duration accrued from before (new system). For employees applicable to the Labor Pension Act, the company will contribute no less than 6% of their salary to their personal pension account every month. Furthermore, the company has contributed pension on account and acknowledged pension as liability according to the pension actuarial report by a qualified actuary as stipulated by the International Accounting Standards (IAS) 19 “Employee Benefits.”

 

 

Employee Welfare Committee

RichWave’s Employee Welfare Committee consists of representatives from various departments and it is in charge of coordinating and planning diverse company activities. such as annual outdoor staff day and employee birthday celebration, allowing them to unwind and alleviate their stress, thereby achieving work–life balance. Furthermore, to enhance the physical and spiritual well-being of our colleagues, we have promoted proper entertainment and recreational activities to improve their work efficiency, foster camaraderie and bonding. RichWave encourages our colleagues to form clubs in the workplace.

 

 

Employee communication

Various department supervisors at RichWave will convene meetings from time to time to establish a communication channel between management and the employees. The employees’ attendance is closely monitored to offer them timely assistance and care in case of an emergency. To help our employees achieve various objectives including “understanding the company’s operations,” “understanding the executives,” “improving the workplace,” and “fostering rapport,” RichWave has created a communication platform and organized communication meetings to efficiently assist our employees to understand the company, implement the company’s policies, as well as resolving colleague and workplace-related problems. We strive to listen to the opinions and voices of our coworkers and provide an ongoing two-way communication platform to let our employees propose questions and receive speedy responses.

Taking the regularly hosted employee communication meetings and labor meetings as examples, RichWave invites employee representatives and senior executive representatives to engage in a face-to-face ◌ dialogue to discuss relevant issues. This is beneficial for fostering mutual understanding and rapport between the company and the employees.

 

 

To strengthen internal communication, RichWave published the inaugural issue of “RichWave News” in December 2021. We have published five electronic news messages to date and expect to publish one electronic newsletter per quarter in the future to let our employees understand the company’s status and operational strategies; the newsletter also includes application columns and industry status, offering insights into the latest patent information and technological trends, thereby improving our employees’ thinking and endowing them with an international business perspective. At the same time, it also serves to convey information about the Welfare Committee’s activities to effectively achieve horizontal and vertical communication.

 

Human Rights Assessment

Human Rights Policy and Measures

RichWave sees our employees as the most important asses, hence we strive to provide them with meaningful work and a safe and healthy workplace with outstanding remuneration and benefits. Furthermore, we also encourage our colleagues to strike a balance between work and life by looking after their family, making friends and developing personal hobbies. In the future, RichWave will continue to implement the company’s human rights policy based on the “UN Guiding Principles on Business and Human Rights” and “Responsible Business Alliance (RBA) Code of Conduct.”

 

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