Welfare and Promotion
Compensation
1.Sales Representatives
A salary and incentives policy that focuses on righteous not profit
Employees in sales positions receive a fixed monthly salary based on a standardized pay scale according to their job grade.
Incentive scheme for promoting collaborative teamwork
Our compensation structure for sales employees consists of a base salary, personal bonuses, and team bonuses. This structure aims to promote collaborative teamwork.
Long-term employment incentive pay
Outstanding talents also have the opportunity to earn retention intensive pay, to create win-win situations.
2.Administration
According to the Guidelines for Salary by Job Position, back-office employees receive salaries based on market standards, professional competency, and education. When it comes to March every year, salaries of administration are reviewed and an external salary survey conducted with salary standards adjusted in line with market levels.
3.Sharing the Fruits: One-third of Net Profits Shared with Employees
If the company enjoys a profit in a given year, one-third of after-tax net profit is set aside for end-of-year employees’ bonuses and annual performance bonuses, a concrete realization of the spirit of profit sharing. The amount received by each person differs according to the results of their performance evaluation.
One-third of after-tax net profits are set aside to shared with all the employees
4.Reasonable Compensation
| Job category | Junior salesperson | Junior secretaries | ||
|---|---|---|---|---|
| Gender | Female | Male | Female | Male |
| Average starting salary | 50,000 | 50,000 | 33,000 | 33,000 |
| Gender ratio of average starting salary | 1 | 1 | 1 | 1 |
| Ratio of average starting salary to taiwanese minimum wage, 2023 | 1.89 (50,000/26,400) |
1.89 (50,000/26,400) |
1.25 (33,000/26,400) |
1.25 (33,000/26,400) |
Sinyi Realty hires only those with no experience in real estate agency for our sales representatives, providing a guaranteed monthly salary of NT$50,000 for the first six months, a higher starting standard than other industries will offer to newcomers and higher than the minimum wage set in Taiwan in 2023. (Taiwan’s monthly minimum wage is NT$26,400, with minimum hourly wage adjusted on 1 January 2023 to NT$176.) Talents are hired through procedures set out in the Hiring Management Guidelines.
| Rank | Total Salary | Monthly Salary | Variable Pay |
|---|---|---|---|
| Top-level management (vice presidents and higher) |
1:0.85 | 1:0.98 | 1:0.75 |
| Executory and supervisory management | 1:1.09 | 1:0.93 | 1:1.23 |
| Employees | 1:1.29 | 1:1.12 | 1:1.59 |
Note: Statistics for those employed for at least one full year as of 31/12/2023
There are no distinctions in salary by gender across employees, with any differences attributable to difference in job category or level. Salaries of administration vary by expertise, education, and market standards. The larger proportion of the salary structure for sales positions is accounted for by variable pay, while the large proportion of the salary structure for administration is accounted for by fixed salaries.