TSMC sets aside NT$600 million for bonus with each employee to receive NT$8000
TSMC made headlines last year when it gave every employee in Taiwan a special bonus of NT$16,000 for Sports Day. Now the world’s largest contract chipmaker is being creative again. Starting from July, every full-time worker can apply for an employee welfare bonus of NT$8,000, which could be used for travel, a child’s tuition, insurance, or even entertainment, and it could be used anywhere in the world.
TSMC is known for taking care of its employees, offering them great benefits. For example, the company’s cafeteria serves up everything from foreign cuisine to Taiwanese-style buffet options. Now it has announced that starting in July, full-time employees around the world can receive a flexible employee welfare bonus of NT$8,000 per year.
Member of the public
I’m so envious. NT$8,000?! I don’t even get NT$800! I bet the benefits they offer are much more generous than ours.
Member of the public
We are considered a small to medium-sized enterprise, so if we say we’d like to go abroad, our boss will subsidize the trip. Of course, I hope my children will work at TSMC. It pays a high salary, and I’d feel very proud.
TSMC hopes that in addition to using the NT$8,000 on medical insurance, family care or entertainment, its employees can also contribute to public welfare. However, with the seven-figure annual starting salary that TSMC employees receive, experts believe that the NT$8,000 would do little to boost morale, and the NT$600 million that the company has set aside for this undertaking is just a drop in the bucket in comparison to the company’s overall operations and investment expenditure.
Nobunaga Chai
Industrial economics analyst
If you work at the Dresden or Arizona facility, the simplest breakfast would probably cost 20 to 30 euros. Next to a TSMC income, a bonus of NT$8,000 would just be a morsel to nibble on. But what is more noteworthy in terms of TSMC’s costs is that the Hsinchu City government hopes TSMC, being a large company, can build employee dormitories, and that would raise its operating costs.
This expert warns that if the government wants a big tech company to help build employee housing, it would in fact be shirking its responsibility to build social housing.
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2024-06-24