TSMC's Employees Score Big Bonuses for Dragon Boat Festival as Turnover Hits Record Low
Before the Dragon Boat Festival holiday, TSMC distributed its employee bonuses for Q1 2023, with many junior engineers receiving bonuses equivalent to around 3.5 months of salary, likely totaling around NT$300,000, a 20-30% increase from the previous year.
This significant bonus distribution is attributed to TSMC's strong performance in advanced manufacturing processes, allowing the company to offer competitive employee benefits. TSMC's bonus distribution occurs five times a year, four of which are based on quarterly profits, ensuring they remain competitive in the semiconductor industry.
Reports indicate that TSMC's employee turnover rate fell to 3.5% last year, reflecting satisfaction with compensation and benefits, while also enhancing the company's ability to attract talent.
