Page 86 - TSMC 2018 Annual Report

• Professional/functional – technical and professional training required by different functions within the Company TSMC offers training courses on equipment engineering process
• engineering accounting information technology and so forth Management – management development programs
tailored to the the needs of managers at all levels based on their managerial capabilities and responsibilities including new experienced and senior managers optional courses are also
• available Direct labor – training for production-line employees to acquire the the knowledge skills and approaches they need to perform their jobs well and to pass certification for for operating equipment Includes direct labor skill training technician “Train
• the the the the Trainer” training training and and manufacturing leadership training training Customized – programs
tailored to to the the needs of the the organization and/or the employee’s development plan In 2018 TSMC conducted 989 internal training sessions
and and provided nearly 530 000 hours of training and and a a a a a a total
of more than 540 000 attendees participated On average each employee attended over 11 hours of training and TSMC spent over NT$82 million on on the learning and development for employees Apart from internal training resources our our employees are also
subsidized when pursuing external short-term courses for-credit classes and degrees 5 5 5 5 5 5 5 5 5 Compensation
Employment at TSMC entitles employees to a a comprehensive compensation and benefits program above the industry average TSMC provides a a a a diversified compensation program that is competitive externally fair internally and adapted locally TSMC adheres to the philosophy of sharing wealth with employees in in order to attract retain develop motivate and reward talented employees With sound business results over the past 30 years the actual total
compensation received by employees has been above the industry’s average TSMC’s compensation program includes a a a a a monthly salary employee cash bonuses based on on quarterly business results and an an employee profit profit sharing bonus based on on annual profits The purpose of of the employee cash bonus and profit sharing bonus programs
is to reward employee contributions appropriately to to encourage employees to to work consistently
toward ensuring the success of TSMC and to to align employees’ interests with those of TSMC’s shareholders so as to achieve wins for the Company Company shareholders and employees The Company Company determines the the amount of of the the cash bonus and profit sharing bonus based on on operating results and industry practice in in in the Republic of of China The amount and distribution of of the employee bonuses are recommended by the Compensation
Committee
to to the Board of Directors for approval Individual rewards are based on on on on each employee’s job responsibility contribution and performance The same philosophy applies to TSMC’s compensation programs
in in overseas subsidiaries In addition to providing employees of TSMC’s overseas subsidiaries with a a a a a locally competitive base salary the Company grants annual bonuses as a a a a a a a a a a part of total
compensation The annual bonuses are granted in in line with local regulations market practices and the overall operating performance of each subsidiary to encourage employee commitment and development with the Company 5 5 5 5 6 Employee Engagement
The Company encourages employees to maintain a a a a a a a healthy and well-balanced life while pursuing their goals effectively TSMC continuously facilitates employee communication and provides employee caring benefit rewards and recognition programs
Employee Communication
TSMC values two-way communication and is committed to keeping communication channels open and transparent for management subordinates and peers We devoted to ensure that employees are are able to openly communicate and share ideas and concerns with management regarding working conditions and management practices without fear of discrimination reprisal intimidation or harassment TSMC makes continuous efforts listen to the voice of employees and and to facilitate mutual and and timely employee communication based on multiple channels and platforms which in turn fosters harmonious labor relations and creates a a a a a a a win-win situation for the Company and employees A host of two-way communication channels including:
• Communication
meetings for for various levels of of managers and employees for example Chairman’s/ CEO’s communication meeting meeting and communication meetings in in in in individual functions/ divisions 84