Salary and Benefits

Improving Compensation to Attract Excellent Talents

FEDS actively recruits and attracts potential talent in department store retail to build a complete talent pipeline for smart retail development, while providing generous and diverse remuneration and benefits to maintain workforce stability. Our compensation system includes monetary elements such as fixed salaries, variable bonuses, and employee benefits, as well as non-monetary elements such as work environment, job rotation, and talent development programs. Through this comprehensive compensation system, FEDS aims to attract and retain outstanding key talent, motivate employees, and work towards the ideal happy workplace envisioned by our employees.

Regularly Surveys Salaries in the Market

To ensure compensation and benefits remain competitive in the market, the Human Resources Department regularly surveys market salary levels and designs competitive packages. FEDS’ compensation system includes economic components (fixed salary, variable bonuses, and employee benefits) and non-economic components (talent development programs, job rotation, and work environment). Through this system, FEDS attracts external talent and retains key personnel within the organization, building core competitiveness.

Comparison of Starting Salaries of FEDS Entry-Level Staff and the National Minimum Wage

Minimum Wage

Starting Salary

Note: Starting salary of entry-level staff ÷ national minimum wage. The minimum wage in 2024 was NT$27,470.

Comparison of the Average Salaries of the Retail Industry with the Average Salary of FEDS

Retail Industry

FEDS

Note: The data of 2024 average salary in the industry was obtained from the Directorate General of Budget, Accounting and Statistics, Executive Yuan.

Generous Benefits Enrich Employee Life

FEDS offers a range of employee benefits that exceed legal requirements, comprising 5 major categories and 27 diverse welfare measures. An Employee Welfare Committee is established to regularly discuss employee benefit plans. In 2024, FEDS introduced new travel-related employee discounts, allowing staff to relax at more favorable rates. FEDS has allocated employee welfare funds annually, with continuous growth for eight consecutive years, totaling an 82% increase. FEDS collaborates with counter vendors to provide shopping discounts, offering 313 shopping discounts in 2024, representing an 8% increase in quantity. The committee will continue expanding welfare options based on employee needs.

Employee Benefits of FEDS

Job Benefits

Labor insurance
National Health Insurance
Group Insurance
Regular health check-ups
Compensation for work related injury
Compensation for severe injury or illness
Hospitalization consolation money
Lunar New Year bonus
Dragon Boat Festival bonus
Mid-Autumn Festival bonus
End-of-Year Party bonus
Birthday bonus
Anniversary incentive
Employee uniforms

Retirement Benefits

Contributions to labor pension
Retirement gifts and souvenirs

Family Care

Wedding gift money
Funeral allowance
Employee childcare assistance
Child schooling subsidy
Maternity allowance

Shopping Discounts

Employee shopping discounts
Counter discount vouchers
Affiliated enterprise product discount

Recreation and Individual Development

Club activities
Continuing education subsidies
Company trips

Comprehensive Insurance System Ensuring Employee Welfare

To comprehensively safeguard employee welfare, FEDS provides labor insurance, national health insurance, and fully subsidized group insurance, including accident insurance, hospitalization medical insurance, and cancer medical insurance. In 2024, the number of national health insurance policyholders at FEDS included 1,239 employees and 894 dependents, with the company paying NT$32.29 million. The group insurance covered 1,242 employees, with the company investing NT$2.29 million for the year.

Clear Retirement Planning for a Stable Retirement Life

FEDS has established the Employee Retirement Regulations. For employees covered under the old defined benefit pension scheme, the company allocates 2% of their monthly salary to the retirement reserve fund. Retirement benefits are calculated based on years of service and the average salary of the six months prior to retirement. For employees under the new defined contribution scheme, the company contributes 6% of the insured monthly salary to the individual labor pension account. The company also commissions an actuarial valuation of the old retirement reserve fund annually. For details, please refer to the “Post-Retirement Benefit Plan” section in the 2024 Annual Report.

Childcare Services Allow Employees to Work Without Worry

Considering frontline employees generally work in shifts, FEDS is committed to providing childcare support. In 2024, FEDS partnered with four trusted chain educational institutions, offering nearby childcare and registration fee discounts. The Employee Welfare Committee annually provides subsidies for employees’ children’s school enrollment; in 2024, 90 employees qualified, receiving a total subsidy of NT$138,000.

Club Activities Promote a Healthy Atmosphere

FEDS encourages employees to form clubs and provides subsidies to support these groups, aiming to enhance employee interaction through club activities, alleviate work-related stress, cultivate leisure interests, and strengthen team cohesion. Additionally, to promote a culture of fitness, FEDS established sports and wellness clubs including yoga, aerobics, badminton, and walking clubs. In 2024, these clubs had a total of 77 members and held 129 events, with 1,779 total participants.

Thoughtful Care: Maternal Health Protection Program

To ensure female employees can have peace of mind during maternity leave and postpartum childcare, FEDS has developed a Maternal Health Protection Program focused on “Caring for Motherhood” and “Caring for the Child.” This program supports female employees from pregnancy through return to work, providing guidance on childcare knowledge and precautions.

Caring for Health During Pregnancy

In 2024, FEDS distributed questionnaires to 26 pregnant employees to assess whether the work environment poses any burden.
To deliver and address parenting-related information, in 2024, 240 health consultation seminars were held and 19 pregnancy health messages were distributed.

Caring for Postpartum Situations

FEDS signed contracts with postpartum care centers, enabling employees to rest with peace of mind.
We provided “maternity allowance,” which 158 people have applied for over the past five years (2020-2024), with subsidies totaling NT$316,000.

Offering Parenting Support

FEDS provides attentive and proper care by preparing essential baby supplies and distributing the “Mama Care Package” to new mothers.
We have signed special contracts with four excellent childcare and educational institutions to help colleagues with nearby childcare.
To support and encourage employees’ children’s right to education, we provide a “Child Enrollment Subsidy.” Over the past five years (2020-2024), a total of 485 applications were received, with subsidies totaling NT$731,000.