Employee Benefit System
Onshore Personnel Benefits
To provide a quality work environment, in addition to statutory benefits the Company offers many benefits exceeding legal requirements. For example, a 7-hour workday to support work-life balance. For colleagues with special needs, hybrid work (remote and on-site) is flexibly arranged to accommodate family and work. See the table below for an overview of benefits beyond legal requirements.
| Benefit Items | Category |
|---|---|
| Labor insurance, National Health Insurance, various leave types, pension contributions. | Statutory |
| Group insurance, festival gifts, scholarship, wedding/funeral/sick leave subsidies and emergency relief, group recreational activities, year-end party, employee trip subsidies, pandemic-prevention welfare measures, flexible shifts, reuse of electronic devices, health examination, blood donation in exchange of compensatory leave, typhoon leave | Beyond legal requirements |
In terms of the benefit system, various employee benefits have been provided, such as Mid-Autumn Festival bonus & Dragon Boat Festival bonus, year-end bonus, performance bonus, staff travel, dinner party with raffle prizes, and wedding/funeral/festive celebration allowances. In addition to the original labor and health insurance, the group insurance plan is also purchased to insure all employees. On different festivals, different departmental competitions are held or group activities incorporating ESG spirit are also organized, such as lectures on environmental protection, beach (mountain) cleanup activities, and turning idle or discarded resources in the office into creative decorations for Christmas and handmade red envelopes for the Lunar New Year holidays and other decorations to increase team cohesion and bound.
Overview of Benefits Beyond Legal Requirements
Festival bonuses & performance bonuses |
In accordance with the Employee’s Work Rules and the bonus policy |
Working Hours |
Better than the statutory weekly hours; the Company’s weekly hours are 35 |
Group insurance/Travel insurance |
Group insurance for every employee (accident, medical, inpatient and injury inpatient, etc.); additional travel insurance for overseas business trips |
Festival Gifts |
Gift vouchers or gifts for Dragon Boat Festival, Mid-Autumn Festival, and Lunar New Year |
Scholarship |
Scholarships for eligible employees (children) upon submission of each semester’s transcript |
Marriage/funeral/sick-leave assistance & emergency relief |
Applications accepted with supporting documents per policy |
Team-building activities |
Themed group activities and team competitions to foster collaboration and department cohesion |
Year-End Party |
Year-end party with cash gifts or raffle |
Employee Travel Subsidies |
Irregular employee trips; full subsidy for the employee and one dependent |
Flexible shifts |
Annual survey of needs; three shift options are available as a standing policy (not limited to pandemics) |
3C device reuse |
Decommissioned work phones offered to employees at favorable prices |
Health check |
Annual items adjusted with Ministry of Health and Welfare (MOHW) serious-illness list; in the reporting year, colorectal cancer and intestinal health were added, subsidizing painless colonoscopy. For employees ineligible by age, non-invasive alternatives were offered (sex-specific ultrasound and cancer biomarkers). |
Blood donation for extra leave |
With proof, an employee may convert blood donations to extra leave: up to12hours per year; each donation = 4 hours. Dependents’ donations also apply: 2 hours each, up to 4 applications. |
Typhoon Leave |
No on-site work required on typhoon days; no pay or leave deducted |
Working Hours and Leave System
The working hours of the Company are 7hours a day, five days a week. The working hours are fixed and in a non-shift system. Supervisors will grant leave when employees need to take care of their families. Employees can also take their annual leave, family care leave and so on to strike a balance between work and family life. We also cooperate with government policies and provide childcare subsidies for parents to make use of childcare services so as to work at ease.
Parental Leave
Supervisors approve leave requests when employees need to care for family. Employees may take annual leave, family-care leave, and other applicable leave to balance work and family. In alignment with government policy, the Company provides childcare-friendly subsidies to support professional childcare so parents can work with peace of mind; the Employee Welfare Committee also grants a one-time childbirth subsidy.
Benefits for Sea Crews
- Seafarers receive seniority/return bonuses, meal allowances for the three major holidays, newspaper and magazine allowances, and bonuses for entering high-risk areas.
- When vessels sail through piracy high-risk areas (e.g. Gulf of Aden), the Company deploys armed guards, coordinates naval convoy, installs anti-boarding measures (e.g., razor-wire barriers), and provides substantial bonuses.
- If a seafarer is injured or ill and be sent at any port for treatment, in addition to contractual medical benefits, graded disability compensation is provided as per the collective agreement in cases of permanent impairment due to accidents.
- Taiwanese seafarers sign fixed-term employment contracts under the Seafarers’ Employment Contract (per Article 13 of the Seafarers Act) and a collective agreement with the National Chinese Seamen’s Union.
- PRC seafarer labor service companies provide five social insurances and one fund (pension, medical, unemployment, work injury, maternity; housing provident fund). Given the profession’s nature, contributions are fully paid monthly by the labor service company and cannot be arbitrarily suspended, whether the seafarer is on board or on leave at home.
- Strictly comply with MLC work/rest-hour arrangements; overtime pay is provided for hours worked beyond limits.
- Fixed-term contracts are generally 10 months; if a seafarer has served ≥ 7 months and the ship calls at a convenient, economical port, early leave may be treated as contract completion upon request.
- Telemedicine services are provided through an agreement with TMUH to ensure timely professional guidance during illness or accidents, alleviating physical discomfort and psychological stress.
- Vessels are progressively fitted with RO maifan filters to improve drinking water quality, reduce reliance on bottled water, and achieve environmental benefits.
- Ensure suitable accommodation and recreational facilities on board.
- Ensure catering in accordance with hygiene standards; employ trained and certified cooks and provide quality equipment.
- Provide pandemic-prevention supplies to effectively reduce infection risk.
- Provide 2 hours of free Wi-Fi per day for communication with family and friends.
- Offer cross-border remittance services ,so crew can send accumulated cash home safely, conveniently, and at low cost through lawful channels.
- Hold the regular ” Photo Contest – from Seafarer’s Angle” to encourage sharing of beautiful moments at work, relieve stress, and recognize outstanding works with monetary awards.
- The Company covers shore-pass fees so seafarers can go ashore for sightseeing, enhancing social interaction.
- For details, see Chapter 4.3 Health Promotion and Medical Services.
Workplace Diversity and Equality
Shih Wei is committed to fair treatment. Pay and positions do not differ by gender, age,ationality, or ethnicity; we ensure equal pay for equal work and equal promotion opportunities. In 2024, the Company employed 1 foreign professional and 1 aboriginal; female senior managers (senior manager and above) accounted for 75%, demonstrating inclusion outcomes. To uphold gender equality and personal dignity, the Company has formulated the “Measures for the Prevention of Sexual Harassment, Grievances, and Discipline”, invited the Women and Children Protection Division of the Taipei City Police Department to deliver training during the reporting year, and holds ad hoc gender-equality education to strengthen a culture of workplace equality.

Employee Remuneration
Shih Wei implements an employee remuneration system that closely links personal development with the Company’s vision, sharing business results. The bonus scheme is based on annual operating profit after tax and allocated by seniority and performance appraisal to motivate morale.
For more detailed information please refer toRemuneration Policy,or Sustainability Report.
Retirement System and Implementation Status
In accordance with the “Labor Standards Act” and the “Labor Pension Act”, the Company has established “Labor Pension Measures”. Retirement benefits are calculated based on years of service and regular wages prior to retirement. Under the old system, 5.2% of total monthly salary is appropriated to the Labor Pension Reserve and deposited in a dedicated account at the Bank of Taiwan under the supervision of the Labor Pension Supervisory Committee. Effective on July 1, 2005, with the implementation of the Labor Pension Act (hereinafter refer to as “new system”), employees who opted into the new system and all new hires thereafter adopt a defined-contribution approach: the Company contributes 6% of the employee’s monthly wages to the employee’s individual account at the Bureau of Labor Insurance.
- Old-system appropriation: An actuary conducts an annual valuation to ensure adequate funding; NT$1,022,985 was appropriated in 2024.
- New-system contributions: Employer contribution rate 6% of employee's monthly pay. (2024 employer contributions: NT$3,650,012 / Annual insured payroll total: NT$61,304,400).
- As of end of 2024, the Labor Pension Reserve was sufficient to cover the retirement payments for employees eligible to retire in 2025.
Seafarers serving on Company vessels sign fixed-term employment contracts/collective agreements under Article 13 of the Seafarers Act or the MLC. For National vessels (note), Taiwanese seafarers contribute pensions during the Labor Insurance coverage period. For flag-of-convenience vessels with non-Taiwan seafarers, retirement plans are handled in accordance with the terms of the fixed-term collective agreement; Shih Wei entrusts its labor service companies to fulfill related obligations under the laws of the respective countries and to arrange corresponding retirement and insurance.
For more detailed information please refer toSustainability Report.

The Status of Labor-Management Agreements and Measures for Preserving Employees' Rights and Interests
The Company has internal communication channels such as labor–management meetings, the Employee Welfare Committee, and manager’s meetings. Over the years, labor and management have operated smoothly with mutual respect for labor–management ethics; no major labor disputes occurred in 2024.
