Overview

Philosophy and Goals

Talent is not only assets of a company, but also the foundation for corporate sustainability. High-quality manpower is provided to engage in product technology, R&D and innovation, creating unlimited value. In addition to great salary and benefits, we also attach great importance to the physical and mental health as well as the personal growth our employees, and harmonious labor relations. Novatek will continue to maintain smooth channels for substantial communication.

Percentage by job type

Years of professional experience

To build a diverse and friendly workplace

Talent is not only assets of a company, but also the foundation for corporate sustainability. High-quality manpower is provided to engage in product technology, R&D and innovation. Novatek provides employees with diverse learning and development opportunities. In addition to competitive salary and benefits, we also pay great attention to the physical and mental health as well as the personal growth of our employees. We promote harmonious labor relations and continue to maintain smooth channels for substantial communication.

Competitive compensation

In 2022, Novatek’s average salary for non-supervisor full-time employees was NT$ 3.959 million, and the median salary was NT$ 3.222 million

Childcare allowance

Provided a subsidy of NT$ 5,000 per child per month.
15 days of work from home for parenting per year.

Employee retention

The employee turnover rate was 5.68%, lower than that of the same industry.
Retention rate of new employees within a year: 96.19%; within three years: 88.54%

Learning & Development

On average, each employee received 32.9 hours of training, a 31% increase compared to the previous year.

Healthy Workplace

Bronze Award for the 2022 CHR-Corporate Health Responsibility
Received the “Healthy Workplace Certification Mark” issued by the Health Promotion Administration, MOHW for 6 consecutive times.

Inclusive & Diversity

The number of female employees was 15.89%, which is higher than the average percentage of female graduates (10.65%) in the Departments of EE.

Corresponding Performance and goals

Novatek formulated related management strategies and short-, medium- and long-term goals according to the dimensions of “Friendly Workplace” . We set short, medium and long-term goals and presented the performance for management.

Goals and performance

2022

Short-term goals

1 year

Medium-term goals

1-3 years

Long-term goals

3-5 years

24 times Application rate: 24 times	85.75% Arrival rate: 85.75%

13.1% New employee percentage: 13.10%	5.68% The annual employee turnover rate was 5.68%, which is lower than the industry average turnover rate.

96.19% Retention rate of new employees within one year: 96.19%	88.54% Retention rate of new employees within three years: 88.54%

NT$4.994 million In 2022, TWSE announced the “2021 Average Salary and Median Salary of Non-Supervisor Full-Time Employees of Listed Companies"; the average salary of Novatek was NT$ 4.994 million. The overall salary of employees ranked second in the IC design industry.	NT$4.018 million In 2022, TWSE announced the “2021 Average Salary and Median Salary of Non-Supervisor Full-Time Employees of Listed Companies"; the median salary of Novatek was NT$ 4.018 million. The overall salary of employees ranked second in the IC design industry.

Performance Highlights	Compensation and benefits
Goals for 2022	Provide a competitive salary and benefits system with salary levels in the top 5% of listed companies
Performance in 2022	The overall salary of employees ranked second in the IC design industry

performance_target-workplace-short_goals.png (440 KB)

Establish diverse and effective recruitment channels to attract outstanding talents
Improve the employees’ sense of belonging in the Company and their retention rate
Maintain a competitive and better compensation and benefit system compared with peer groups

performance_target-workplace-mid_goals.png (456 KB)

Provide a challenging and creative environment to bring out the potential of employees
A competency-oriented assessment system is adopted to strengthen the link between performance and compensation, retaining outstanding talents

workplace-overview-long_goals.png (410 KB)

Continue to carry out industry- government-university collaboration, cultivating Taiwan's technological talents
Consider internal and external fairness from multiple aspects including compensation and benefits, competencies, and career development to improve employee satisfaction

Keep in touch with Novatek

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