People are the most important partners of Airoha. We offer a comprehensive package with competitive compensation and benefits, as well as professional development.
Retirement plans in domestic and international business sites were set in accordance with local regulations. AIROHA provides defined benefits plans under the Labor Standards Act, and defined contribution plans under the Labor Pension Act. There were 100% of employees applied to defined contribution plans and 0% of employees still applied to defined benefits plans (namely rules in accordance with Labor Standards Act) in 2022.
Under the Labor Standards Act, AIROHA provides pension based on an employee’s length of service and average monthly salary for the six-month period prior to retirement. The contribution is made each month and is deposit in Bank of Taiwan under the name Supervisory Committee on Labor Retirement Funds. Under the Labor Pension Act, AIROHA makes monthly contribution to each employee’s pension account under Bureau of Labor Insurance. The contribution amount equals to at least 6% of each employee’s monthly salary. The recognized pension expenses for defined contribution plans were 90.80 million NTD in 2022.
In addition to the pension reserve required by law, AIROHA also conducts actuarial calculation on pension reserve through qualified actuaries and contributes pensions and recognizes reserve as a pension liability on balance sheet to ensure employees’ legitimacy to pensions and further encourage long term plans and efforts for employees’ service at the Company.