TSMC (2330) has announced a salary increase for its employees in April. While the extent of the increase was not made public, the company’s self-declared data to the stock exchange reveals that it was between 3-5%. This is lower than the 5-10% salary increase that was implemented last year. TSMC, being Taiwan’s largest company by market capitalization, sets the tone for salary increases in the listed counter companies. However, this year’s expected salary increase is not as good as last year’s. The number of companies that have announced a 4% salary increase has decreased by 40% compared to the same period last year. This slow salary growth is coupled with a significant rise in prices, causing workers, even those in iconic listed companies, to suffer
How does TSMC’s salary increase for its employees in April compare to the previous year’s increase?
TSMC (2330) recently made an announcement regarding a salary increase for its employees in April. Although the exact extent of the increase was not disclosed, data shared by the company with the stock exchange indicates that it falls within the range of 3-5%. This figure is notably lower than the 5-10% salary increase that TSMC implemented last year.
As Taiwan’s largest company in terms of market capitalization, TSMC often sets the benchmark for salary increases among listed companies. However, this year’s expected salary increase is not as favorable as the previous year. In fact, the number of companies that have announced a 4% salary increase has dropped by 40% compared to the same period last year.
The sluggish growth in salaries is further compounded by a significant increase in prices. This unfortunate combination is causing workers, including those employed by prominent listed companies like TSMC, to face financial hardships.
Despite these challenges, it is important to note that the information provided in this section is intended to be engaging and informative while maintaining the integrity of the original HTML format.
It’s concerning to see slow salary growth in listed companies, but it’s reassuring to see TSMC taking the lead with a 3-5% increase. Hopefully, other companies will take note and prioritize fair compensation for their employees too.
Interesting article! It’s surprising to see slow salary growth in listed companies, but it’s good to hear that TSMC is leading the way with a 3-5% increase. Hopefully, other companies will follow suit and prioritize fair compensation for their employees.