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Chinese auto parts firm offers apartments to employees to improve retention
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Chinese auto parts firm offers apartments to employees to improve retention
A Chinese auto components manufacturer has drawn widespread attention after unveiling a rare employee- retention incentive that goes beyond bonuses and promotions. Zhejiang Guosheng Automobile, a maker of automotive fasteners based in Wenzhou, has introduced a housing-linked reward scheme under which long-serving employees can receive residential apartments. As part of this initiative, the company has purchased 18 flats located close to its work…
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