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Salary & Benefits
- Life at ITE
- Learning & Development
SALARY & BENEFITS
ITE values all employees and offers a complete salary and benefit system with the idea of profit sharing to recruit, retain, develop and motivate the excellent talent.
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Salary and Bonus
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・Competitive 12 months salary
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・Spring Festival, Dragon Boat Festival,and Mid-Autumn Festival Bonus(Based on company operational performance)
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・Profit sharing bonus (depending on company’s operating performance, team performance and personal performance)
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・Performance reward (depending on company’s operating performance, team performance and personal performance)
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・Patent bonus(Encourage employees to innovate)
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・Long service reward
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・Referral bonuses
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Health Care
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・Labor insurance and Health insurance
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・Personal Group Insurance coverage (including Life insurance, Accident insurance, Hospital medical insurance, Accident medical insurance, Cancer insurance, Occupational accident insurance)
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・Preferential family group insurance
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・Overseas business trip travel insurance
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・Free annual employee health examination
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・Physician on-site health consulting services
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・Employee assistance programs (psychological, health, legal and management consulting)
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Benefits and Measures
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・Gift certificates for Spring Festival, Dragon Boat Festival, Mid-Autumn Festival, and Labor Day
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・Birthday gift certificate
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・Cash gifts for marriage and child birth
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・Employee hospitalization condolence allowance
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・Annual travel subsidy
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・Scholarships for children of employees
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・Subsidy for divisions’ meal gatherings
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・Subsidy for social clubs’ activities
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・Various leaves can be granted by law, and there will be flexible leaves granted in addition to those required by the Labor Standards Act every year
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Retirement System
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To ensure employees' financial planning for retirement, ITE's pension system comprises both a defined benefit plan (The Old Retirement Reserve Fund) and defined contribution plan (The New Retirement Reserve Fund).
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・Defined benefit plan (The Old Fund)
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ITE's retirement system exceeds the requirements of the Labor Standards Law. Employees under the old fund may apply for voluntary retirement under who have worked for ten years and the age of over fifty years old, or have served for more than twenty-five years. The criteria for retirement payment is calculated based on the years of service under the old fund. 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.
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・Defined Contribution Plan (The New Fund)
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Since July 1, 2005, in accordance with the Labor Pension Act, ITE has allocated 6% of employees' monthly wage to the individual retirement accounts with Bureau of Labor Insurance Ministry, and assist employees with voluntary contributions according to their willingness.
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Data Building
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