TSMC plans to subsidize employees to buy their own stocks 

According to the latest report, the wafer foundry, confirmed today that it is discussing subsidizing employees to buy its own company stock, and relevant details such as the subsidy ratio are still to be decided by the board of directors. Diversity and empowering employees to share the results of the company’s operations.

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It is reported that TSMC expects to recruit more than 8,000 employees this year, and will fully implement the “stock purchase subsidy” for more than 50,000 employees. Employees can deduct a certain amount of company stock from their salary every month, and the company will provide some subsidies.

Moreover, the proportion of subsidies is about below 15%, which is expected to be implemented in July. In addition, TSMC will raise salary in April, with an average salary increase of 8%, and some outstanding employees will increase their salary by more than 10%. This is the first time that TSMC has subsidized employees to buy its own shares since its establishment.

In order to allow employees’ salaries and benefits to grow with the company, TSMC has not only adjusted the salary structure in recent years, but increased the fixed salary by 20%, and issued new shares to limit employee rights for executives and key talents. TSMC will carry out an annual routine salary increase in April every year, with an average increase of 3 to 5% in previous years.

(VIA)