Financial Benefits and Corporate Social Responsibility on Job Engaged for an International Employee Working in Taiwan

Chapter One: Introduction

1.1 Research Background

The research paper aims at establishing the effects of financial benefits and corporate social responsibility on job engaged for an international employee working in Taiwan. Do reduced taxation and favorable labor laws influence performance on foreign employees in Taiwan? Is there a real correlation between foreign employees and CSR regarding performance and productivity? Business organizations cannot exist without the society. As such, the concept of corporate social responsibility prescribes healthy and responsible engagements towards all the stakeholders in the community in which the business operates. However, CSR does not provide such an environment for all the stakeholders at the same level. Academic research revealed that investing in CSR could be productive as well as unproductive. Despite the contradictory standpoints regarding the contribution of CSR in an organization, the concept has continuously been a motivating factor to innovation among employees (Gharleghi, AfsharJahanshahi&Nawaser, 2018, p. 1). Research conducted recently regarding the impacts of CSR on the organizational performance revealed that investing in CSR promotes productivity of the firm (Mehralian, Nazari, Zarei&Rasekh, 2016, p. 1). Further, increased productivity can be attributed to engaged employees. Consequently, CSR leads to employee engagement. Moreover, financial benefits such as reduced taxation and labor-related laws encourage the involvement of employees in creative activities (Yousaf, Latif, Aslam &Saddiqui, 2014, p. 1776). Taiwan being a civil law jurisdiction is governed by labor standards Act that regulates the terms and conditions of employment for all regardless of the choice of law clause in the employment contract.

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1.2 Research Motivation

I am motivated to research by the quest of understanding the human resource management challenges in response to employee engagement. If the department of human resource management could gain a full understanding of the motivating factor behind employee commitment, then the task of management would become lighter. Through this study, one will be able to derive a solution to the long-standing problem.

1.3 Research Objective

The research is aimed at investigating the contribution of CSR and financial benefits on employee engagement. At the end of the research process, I should be able to come up with viable recommendations to international employee engagement, especially in Taiwan. Moreover, the research will provide suggestions that will help the management to plan on programs to help sustain employee commitment.

The specific research questions are:

• How does the corporation define Corporate Social Responsibility and how do their employees define it?
• How do we do this - create a separate entity or build into a business model?
• What is the cost to employees and customers in Corporate Social Responsibility?
• What Corporate Social Responsibilities activities has it undertaken and how do they fit with the corporation's business?

1.4 Research Gap

Most of the scholars have addressed the effects of either CSR or financial benefits on job engaged employees, but none of them has combined the two. The impact of CSR on employee performance is not clear in previous researches.

My research is aimed at combining both the effects of CSR and financial benefits on job engagement in Taiwan. The study will act as a contributor to the country and the entire world on the exact factors that influence employee engagement.

1.5 Research Procedure

My thesis will incorporate the five necessary steps to conducting viable and meaningful research. I will begin by stating the problem to be investigated. In our case, the issue related to CSR and financial benefits for international employees currently working in Taiwan. Previous scholars have studied nearly all topics. The second step will encompass the review of related literature. The measure will be critical in establishing a stable ground to refute or build on the existing knowledge. The study will then be followed by formulation of hypothesis. Here, the statement of the problem will be analyzed so that the various components are put together in an orderly manner. The data collected in previous stages will be explained to test the viability and reliability of the hypothesis formulated. The analysis of the data is aimed at establishing the cause-effect relationship of the variables used. Lastly, a report of the research is done to aid communication of the research findings and recommendations to the audience.

Chapter Two: Literature Review

2.1 Function of Corporate Social Responsibility

The main aim of corporate social responsibility is to establish regulation to the business model that will create a company to be a self-accountable to its social aspect. The corporate social responsibility (CSR) is accountable to the public, stakeholders and the company itself. The companies and organizations are usually conscious of the impact it affects the society environmental, social or economic aspect. The companies always engage the community in its activities to harmonize the society rather than creativity a negative impact on its environment.

2.2 Challenges facing the Corporate Social Responsibility

The Corporate social responsibilities in an organization or companies have a distinctive manner on the political liability on how the corporation relates to other business activities. Due to the Business Corporation and the public sector they majorly focus on the social responsibility basics for future planning which hence becomes a social responsibility. The company and organization need to be keen with a feedback mechanism which affects the shape of the business.

2.3 Theoretical Background

An organization in the society takes an interest in the concept of responsibility and knowledge concerning corporate social responsibility. It then focuses on the community, the environment, employees, customers and shareholders aspects regarding their duties. In the 21st Century, businesses in the corporate social responsibility are advancing to the changing processes in the ethical companies. There are more regulations are being implemented in business ethics into the public policy which brings about the descriptive and normative effect.CSR results to an impact to the career specialization and commercial approach.

2.4 Hypothesis Development

Corporate Social Responsibility has a dialect concept in the development sustainabilitywhich gives a need in the economic growth, environmental issues and social equity. Thehypothesis development gives an idea in the social justice, businessmanagement, law, environmental science, and politics.

Chapter Three: Research Design and Methodology

3.1 Research Framework

The research framework contributes to the specification of innovation and the social responsibility to propose the conceptual framework to be implemented in the companies and small enterprises. The conceptual framework helps in the reflection of the roles responsible for demonstrating the concepts to be incorporated.

3.2 Summary of Hypothesis

The theory in the Corporate Social Responsibility in the organizations deals with the activities and social initiatives which are beneficial. The employees in the corporations or companies are always motivated and hence become productive. Furthermore, they are committed toward the responsibility of the individuals and organizational role thus having a social responsibility to its employees.

3.3 Questionnaire design

This involves administering questionnaires to various target groups, including employees and stakeholders in the Corporate Social Responsibility field who have worked in the business corporates.

3.4 Control variables

The control variable in Corporate Responsibility deals with the way the Social responsibility of the employees is taken care of. They include the competitive advantage, employee satisfaction, and corporate reputation in the society.

3.5 Sampling Plan

According to (Explorable, Research Methodology), the population is a collection of individuals or objects known to have similar characteristics. All individuals or employees within a specific community usually have a standard, binding characteristic or trait. Often, the description of the population and the universal binding nature of its members are the same.

3.6 Methods of Analysis

In this research study, quantitative data analysis will be adopted. According to, quantitative data analysis involves critical analysis and interpretation of figures and numbers and attempts to find the rationale behind the emergence of main findings.

References

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Grayson, D. and Hodges, A., 2017. Corporate social opportunity!: Seven steps to make corporate social responsibility work for your business. Routledge.

Cooper, S., 2017.Corporate social performance: A stakeholder approach. Routledge.

Saeidi, S.P., Sofian, S., Saeidi, P., Saeidi, S.P. and Saaeidi, S.A., 2015. How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction.Journal of business research, 68(2), pp.341-350.

Wang, H., Tong, L., Takeuchi, R. and George, G., 2016. Corporate social responsibility: An overview and new research directions: Thematic issue on corporate social responsibility.

Zahran, N., El-Bassiouny, N. and Darragh, M., 2017.Toward an Integrative Framework for Corporate Social Responsibility (CSR) Communication.