Salary & Benefits
Competitive Salary
TTY Biopharm is committed to create a caring and diverse workplace. We have 508 full-time employees by the end of 2023. By gender, 219 or 43.11% of employees were male, while the other 289 or 56.89% were female. By age, those in the age group of 30 years old and below accounted for 11.22%, while those in the age group of 31 to 50 years old accounted for 69.88%. On the other hand, those in the age group of 51 years old and above constituted 18.90% of total employees.
TTY Biopharm is committed to create a caring and diverse workplace. We have 508 full-time employees by the end of 2023. By gender, 219 or 43.11% of employees were male, while the other 289 or 56.89% were female. By age, those in the age group of 30 years old and below accounted for 11.22%, while those in the age group of 31 to 50 years old accounted for 69.88%. On the other hand, those in the age group of 51 years old and above constituted 18.90% of total employees.
Meanwhile, employees' contributions are highly related to a company's growth, which is why TTY is committed to introduce a competitive compensation system. We emphasize equal pay for equal work, and there is no gender difference in salaries for the same position by considering and analyzing the comprehensive array of different backgrounds and experiences of the employees of each entry-level position. In 2023, the average salary of entry-level positions was more than 1.43 times higher than the local minimum salary; and the average male-to-female salary ratio is 1.003：1.
The ratio of the annual remuneration paid to the highest-paid employee to the average annual remuneration of all employees (excluding the highest-paid employee) based on the average full-time equivalents is 12.1：1. Besides, compared with the previous year, the annual total salary increases percentage ratio is 4.94：1.
Benefit Packages
Apart from labor insurance, health insurance, special leave, maternity leave, and parental leave as prescribed in the Labor Act, we also offer group accident insurance, travel leave, paid sick leave, a year-end bonus, and regular health examinations. The Welfare Committee also organizes cash gifts for employees’ birthdays, weddings, maternity, festivals (Dragon Boat Festival/ Mid-autumn Festival), condolences, bereavement, disaster aid, education subsidies (learning aids and scholarships for employees’ children), and travel subsidies. The TTY Retirement Management Guidelines and Regulations specify retirement eligibility and pension for full-time employees, fully in compliance with local labor regulations.
TTY labor pension is certified and calculated by CPA and disclosure, more details regarding pension and retirement eligibility are described on the Company Annual Report.
Apart from labor insurance, health insurance, special leave, maternity leave, and parental leave as prescribed in the Labor Act, we also offer group accident insurance, travel leave, paid sick leave, a year-end bonus, and regular health examinations. The Welfare Committee also organizes cash gifts for employees’ birthdays, weddings, maternity, festivals (Dragon Boat Festival/ Mid-autumn Festival), condolences, bereavement, disaster aid, education subsidies (learning aids and scholarships for employees’ children), and travel subsidies. The TTY Retirement Management Guidelines and Regulations specify retirement eligibility and pension for full-time employees, fully in compliance with local labor regulations.
TTY labor pension is certified and calculated by CPA and disclosure, more details regarding pension and retirement eligibility are described on the Company Annual Report.
A Friendly Workplace
Diverse and inclusive talent recruitment is the engine of TTY's continuous innovation. TTY stands at a higher and better position knowing that our employees represent multitudes of diversity, whether it values, beliefs, race, age, gender, experiences, background. Everyone is given the opportunity to allocate themselves a stage to shine on within the Company. Consequently, we grow together, explore career possibilities, and live an enriched life. TTY strive to create an inclusive and non-discriminatory workplace that accommodates both male and female employees. Inclusiveness-mindsets are incorporated into our Human Resource Department to enable employees to fully perform their duties, and showcase their experiences and perspectives. Due to the requirement for the high-tech industry, pharmaceutical work relies heavily on the expertise and specific knowledge. We hire an equal number of female and male employees, regardless of the time of year. Our female employees have remained at more than 50% for recent 5 years, and 48.33% of women hold key leadership positions above manager level to demonstrating gender equality in the workplace.
Diverse and inclusive talent recruitment is the engine of TTY's continuous innovation. TTY stands at a higher and better position knowing that our employees represent multitudes of diversity, whether it values, beliefs, race, age, gender, experiences, background. Everyone is given the opportunity to allocate themselves a stage to shine on within the Company. Consequently, we grow together, explore career possibilities, and live an enriched life. TTY strive to create an inclusive and non-discriminatory workplace that accommodates both male and female employees. Inclusiveness-mindsets are incorporated into our Human Resource Department to enable employees to fully perform their duties, and showcase their experiences and perspectives. Due to the requirement for the high-tech industry, pharmaceutical work relies heavily on the expertise and specific knowledge. We hire an equal number of female and male employees, regardless of the time of year. Our female employees have remained at more than 50% for recent 5 years, and 48.33% of women hold key leadership positions above manager level to demonstrating gender equality in the workplace.
Communication Channels
In compliance of Article 16 about the Minimum Notice Periods Regarding Operational Changes require notice prior to redundancy when upcoming major operational alterations or changes in labor conditions can cause the damage or potential damage to the rights and interests of workers.
The representatives of the TTY labor meetings are composed of senior executives and colleagues from respective departments. Regular meetings are held every 3 months to discuss issues such as the revision of labor conditions. In this regard, TTY complies with the Taiwan government's labor laws and regulations. No significant operational alterations that severely affected employee rights or large numbers of labor contract terminations were noted during the reporting period. TTY has implemented a newcomer adaptation plan since July 2018, which includes a satisfaction survey. In the new-employee satisfaction survey, every new recruit will be sent a notice by the system after 3 months of employment, and all of these surveys need to be completed within 6 months. In year 2023, a total of 46 newcomers fulfilled the surveys and the level of newcomers' satisfaction was 90%.
Meanwhile, to maintain the rights of the stakeholders, whistleblowing was provided as an option via mailbox: ethical@tty.com.tw, and on the corporate website and internal employee website.
In compliance of Article 16 about the Minimum Notice Periods Regarding Operational Changes require notice prior to redundancy when upcoming major operational alterations or changes in labor conditions can cause the damage or potential damage to the rights and interests of workers.
The representatives of the TTY labor meetings are composed of senior executives and colleagues from respective departments. Regular meetings are held every 3 months to discuss issues such as the revision of labor conditions. In this regard, TTY complies with the Taiwan government's labor laws and regulations. No significant operational alterations that severely affected employee rights or large numbers of labor contract terminations were noted during the reporting period. TTY has implemented a newcomer adaptation plan since July 2018, which includes a satisfaction survey. In the new-employee satisfaction survey, every new recruit will be sent a notice by the system after 3 months of employment, and all of these surveys need to be completed within 6 months. In year 2023, a total of 46 newcomers fulfilled the surveys and the level of newcomers' satisfaction was 90%.
Meanwhile, to maintain the rights of the stakeholders, whistleblowing was provided as an option via mailbox: ethical@tty.com.tw, and on the corporate website and internal employee website.
Parental Leave
The Act of Gender Equality in Employment clearly states the right to apply for unpaid parental leave (UPL). Employees may apply for unpaid parental leave before any of their children reach the age of 3 years old. The period of this leave is until their children reach the age of 3 years old, but may not exceed 2 years. During the period of unpaid parental leave, employees may continue to participate in their original social insurance program.
The Act of Gender Equality in Employment clearly states the right to apply for unpaid parental leave (UPL). Employees may apply for unpaid parental leave before any of their children reach the age of 3 years old. The period of this leave is until their children reach the age of 3 years old, but may not exceed 2 years. During the period of unpaid parental leave, employees may continue to participate in their original social insurance program.
