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Human Rights, Labor Practices team

Protecting employee rights and interests

Based on various international conventions,including the labour laws of different countries,the International Bill of Human Rights, the Eight Core Conventions of the International LabourOrganization, and the United Nations GuidingPrinciples on Business and Human Rights,Minth Group has established policies andsystems such as the Minth Group Recruitmentand Selection Policy. In 2023, the SalaryPolicy and Welfare Policy were updated. Minth Group adheres to a corporate culture that LOVE-(high standards and cares) for its employees and upholds the principle of people oriented management. The Group continuously improves its human resources management policies and establishes advancedcompensation and benefits systems to support employees' career development. At the same time, the Group is committed to creating apositive working atmosphere to enhance employees' sense of belonging and working together for the company's development.

Labor Standards

Minth Group prohibits all forms of forced labour, and prohibits the use of child labour and all forms of slavery according to policies such as Minth Group Recruitment and Selection Policy. The Group also prohibits compelled working, debt bondage, serfdom, and prison labour.
In 2023, Minth Group's Recruitment and Selection Policy on the Prohibition of Child Labour and Anti-slavery and Human Trafficking Supplementary Provisions, formulated in accordance with the Labour Law of the People's Republic of China, the Provisions on the Prohibition of Child Labour and the Regulations on Labour Protection in Workplaces where Toxic Substances are introduced. This policy explicitly states that the company prohibits the exploitation and abuse of employees, prevents illegal recruitment, transportation, transfer, and profiting from threats of violence against individuals.

Trade unions and collective agreements

To guarantee the rights and welfare of employees, Minth Group maximizes the flexibility for employees to join labour unions. Any formal employee working in the Group, regardless of ethnicity, gender, occupation, age, religious beliefs, or educational level, can join the union as a member if they acknowledge the union's charter. At the same time, Minth Group has formulated the Labour Union Representative Election Procedures and Responsibilities and actively promotes the democratic election of union representatives by employees to enhance communication between the union and management. To further strengthen social responsibility and employee freedoms, Minth Group has established the Labour Union Collective Bargaining Agreement to promote union negotiations and communication to safeguard employee rights and interests. The agreement covers various unit factories in China, Mexico, and Germany. As of the end of the Reporting Period, Minth's Group has established labour unions in major units and sites worldwide, with a total of 17,799 union participants who have also signed the Labour Union Collective Bargaining Agreement, accounting for 80% of the total number of employees. The trade union-related system is currently being set up and will continue to improve the participation rate of union members.

Salary system

At different units worldwide, Minth Group has developed the Minth Group Compensation Policy based on principles and elements such as fairness, pay mix ratio, salary transparency, reasonable benefits, legal compliance, and a combination of short-term and long-term incentives. The Minth Group Compensation Policy ensures that employee salaries are determined by considering factors such as job content, responsibilities, contributions, knowledge, skills, communication, and innovation, establishing a clear position system to ensure fair compensation for employees in different positions within the same organization. Minth Group has developed the Minth Group Short-Term Incentive Policy, Share Option Schemes and the Share Award Scheme.

Talent Creativity

Global Employee Training

One of Minth's core objectives is to provide employees with opportunities for training and development. We are guided by their actual needs, performance improvement, future career advancement, and overall skill enhancement to help them fully unleash their business potential. In 2023, total training time attended by employees of Minth Group globally is 1,895,776 hours.
Minth Group's training system provides employees with three main training approaches, including internal training, external training, and online training through Minth University.
Internal Training: Various training courses are organized within the company, with categories including new employee onboarding training, professional skills training, general skills training, and management skills training.
External Training: Employees can directly apply for or be selected to attend short term courses offered by external management consulting firms or other professional training institutions. These courses include various short-term training programmes and networking events organized by external training institutions.
Minth University: Minth University is an exclusive online learning platform provided by the company for internal employees. Employees can access the platform through both web and mobile applications to engage in learning and take exams. The platform offers courses in various categories, including subject-specific courses, leadership development courses, professional courses, manufacturing and technology courses, and humanities courses.

Career Development/Talent Development

Minth Group has developed the Employee Promotion Policy with the aim of providing a mechanism that promotes and activates talent development and personnel mobility, creating an atmosphere for employees to challenge themselves and fostering a culture where everyone can contribute their talents to the Group, allowing employees' abilities to be recognised and rewarded.  To increase the reserve of high-quality strategic talents, Minth Group has established different development and promotion systems for professional technical talents and management talents.