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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.
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Economists find people generally experience a linear increase in happiness and motivation before we reach income satiation.
PHOTO: ST FILE
Yam Kai Chi Sam and Tiffany Tan
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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, each of its 98 long-serving employees a Rolex watch
