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Gold bars, Rolex watches: Firms give out generous long service awards, but these may not be enough

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Ms Magdalene Leong, a vice-president at OCBC Bank’s global consumer financial services division, received five additional vacation days in 2022 for 30 years of service at the bank. She spent the additional vacation days travelling with her husband to Berlin and Frankfurt.

Ms Magdalene Leong received five additional vacation days in 2022 for 30 years of service at OCBC bank.

PHOTO: MAGDALENE LEONG

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SINGAPORE – Is this the end of the road for the long service award?

Some organisations are doling out generous long service awards, from gold bars to Rolex watches to extra vacation days to employees, especially in high-turnover industries.

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