Will a one-off $1,000 or Rolex really motivate employees to work harder or stay put?

While splashy benefits make news headlines, there’s a better way to retain people.

Economists find people generally experience a linear increase in happiness and motivation before we reach income satiation. PHOTO: ST FILE
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Companies are going the extra mile to keep employees happy – from new hires to loyal staff.

OCBC Bank recently gave all 4,600 of its junior employees $1,000 each, and in 2023, Paradise Group gave each of its 98 long-serving employees a Rolex watch.

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