Comparison of Decision-Making Analysis of Corporate Welfare System Implementation in Taiwan, Japan and Korea

Abstract

The promotion of corporate welfare system aims to retain outstanding talents. Enterprises have launched various favorable welfare policies to retain and recruit excellent talents. How to make employees feel happy and increase their willingness to stay is also an important corporate welfare decision. This study uses integrated inductive method to explore the decision-making of Taiwan, Japan and Korea in the implementation of corporate welfare system. It is found that in terms of the statutory welfare, Taiwan has established labor insurance and employment insurance, while Japan has formulated employment insurance and children education subsidies and Korea has developed medical insurance and pension system. Regarding independent corporate welfare, Taiwan, Japan and Korea have formulated housing subsidies, special holidays, wedding welfare, funeral welfare and festival welfare. In job-related welfare, different from Taiwan and Korea, Japan has provided qualification exam subsidies and lounges. The corporate welfare survey results of Japan and the application results of customer-oriented corporate welfare information system website in Korea may serve as a reference for the decision-making on corporate welfare system by the Ministry of Labor of Taiwan.