TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company launched its Global Flexible Benefit Program for full-time employees on Wednesday (Nov. 27).

TSMC said in a press release the plan is divided into medical and insurance, family care, wellness, and development and volunteering, per CNA. It will also cover pet care for the first time.

“The plan offers each full-time employee worldwide flexible benefit points equivalent to US$250 (NT$8,100) per year,” the company explained. “Employees can independently choose and redeem benefits that align with their lifestyle.”

As of early November, over 80,000 applications had been received, costing approximately NT$4.7 billion. More than half of the applications were related to family care, followed by medical and insurance.

TSMC said it is committed to creating a supportive environment through the program and plans to expand its coverage.