Financial companies offer shares to retain talent
Li Jheng-guo ( ), E. Sun Bank’s ( ) digital finance director said yesterday that the company gives its employees salaries that are higher than other banking institutions, and that in order to encourage employees make longterm commitments to the company, it holds an employee stock ownership trust that offers shareholder rights in the company.
Apart from E. Sun Bank, Fubon Financial Company ( ) and CTBC Bank ( ) also report- edly hold employee stock ownership plans so that employees can share the fruits of the company’s development. However, terms regarding the plans vary.
E. Sun Bank also offers internship opportunities to ten universities nationwide with the hope of developing a suitable workforce. In lieu of hunting staff from other companies, training and retaining a talented group of employees is the key to the long-term development of a company, Li remarked.
He observed that Taiwanese students care very much about the industry, but they lack professional training to meet the demands of businesses. Concerning the situation, E. Sun Bank provides a series of training sessions for those applying for digital financial jobs. The sessions include six months of basic skills training and six months of project training, Li said.
When asked about the minimum salary of new employees, Li said that what counts in the job market is not the salary, but that all talented and aspiring people getting a chance to shine. He encouraged students to join the company after they are mentally prepared for the career and the hindrances they are sure to meet along the way, adding that the salary will increase in proportion to their contribution.
Li also said that E. Sun Bank provides its employees with a clear picture of their careers, showing them the multiple tasks they are to face and milestones to achieve. It’s like after a student is enrolled in college, he will know what required courses he should take and what should happen if he fails, Li quipped.