Talent Attractive and Retention

Talent Retention

Talent is the cornerstone of the company’s development. To retain talent, Bora provides competitive compensation and benefits, diverse educational training and opportunities for inter-company job rotation. And we also prepare the Individual Development Plan(IDP) for employees to let them understand their career path within the organization, ensuring that each employee is placed in the right position. In the meantime, we also implement the Talent Plan and Succession Plan to ensures the healthy development of both employees and the company.

All sites’ turnover rate targets and results in 2023 as below:

Compensation Policy

Bora Pharmaceuticals participates in international compensation surveys to establish a compensation and benefits policy that combines external competitiveness and internal fairness. This ensures that talent aligns with global standards in career levels, job grades, fixed salaries, variable salaries, allowances, and benefits. The company evaluates and reviews promotions and salary adjustments based on future industry risks, industry standards, company performance, and individual contributions. The aim is to maintain and enhance overall operational performance and competitiveness through short- and long-term incentive and reward programs.

Salary of Non-managerial employees

Average Regular Salary of Women to Men in 2023

Employee Benefits

Bora Pharmaceuticals provides a comprehensive benefits system that takes care of employees in all aspects. We are committed to improving workplace conditions and benefits, offering various measures and services exclusively for female employees. These include setting up lactation rooms within the company, providing statutory maternity leave, prenatal check-up leave, paternity leave, parental leave, and menstrual leave. We also ensure parking spaces for pregnant employees, exclusive sanitation facilities, transportation for women working late-night shifts, and periodic professional health education and care. This ensures that every employee feels cared for both physically and mentally, enhancing their work quality.

Bora Group values employee welfare. In addition to general benefits such as labor insurance, health insurance, group insurance, and pension payments, the company also provides year-end and three major festival bonuses, subsidies for weddings, funerals, and other celebrations, and an employee stock ownership plan. Additionally, performance bonuses are distributed based on the company’s operating conditions. The details of the benefits and allowances are as follows:

Employee Communication

In 2019, Bora Pharmaceuticals received the HR Asia Taiwan Best Employer Award, being recognized as one of the best employers in Asia. In 2024, Bora Pharmaceuticals was recognized as one of the best employers in Asia (Winner of 2024 “The HR Asia Best Companies to Work for in Asia Awards”) again and we also got “HR Asia Most Caring Company Awards 2024”,At the same time, through the vertically integrated pharmaceutical value chain from research and development to manufacturing and distribution, the company continues to enhance employees‘ professional skills and provide nutrients for individual development. This offers excellent development opportunities for scientists and practitioners dedicated to contributing to human health and well-being. Each plant holds labor-management meetings four times and above a year, with labor and management representatives from each plant participating (the number of representatives varies by plant). The labor representatives are elected by employees, while the management representatives are appointed by the company, to listen to and understand the employees’ voices.

Senior leadership also held the Townhall meeting by quarter, to provide the update for company’s business performance and strategy, also understand the employees’ voices.

Bora Pharmaceuticals provides effective and appropriate grievance mechanisms for workplace bullying, discrimination, unfair treatment, sexual harassment and other wrongful conduct, etc., and will setup a internal investigation committee to do the investigation and implement the discipline actions base one the situation of misconduct. We also use third-party platform Conduct Watch as grievance platform to provide the informants. For company Reporting and Grievance Policy, please refer to Bora Whistleblowing and Compliant policy.