Reported about 1 year ago
To retain talent and reduce turnover rates, public banks in Taiwan are offering various incentives, such as accelerating promotion speed and increasing vacation travel subsidies. First Bank has increased its travel subsidy amount to a maximum of 11,000 New Taiwan Dollars this year. Taishin Bank and others have implemented career support centers, transparent promotion mechanisms, expanded promotion qualifications, and improved employee benefits. Additionally, Hua Nan Bank has introduced a talent pool selection program for non-supervisory staff with at least five years of experience, breaking traditional seniority limits and offering above-million annual salaries. Chang Hwa Bank has streamlined promotion criteria for lower-level staff based on seniority, performance, and certification requirements, allowing for rapid advancement. This initiative is part of a wider effort to retain and nurture talent in the banking industry.
Source: YAHOO