Company gifts long-serving employees with Rolex watches, gold bars

Travel vouchers also rewarded to loyal staff

Company gifts long-serving employees with Rolex watches, gold bars

Over 300 employees of Singapore-based Paradise Group have been rewarded with luxurious gifts as appreciation for their loyalty to the restaurant operator.

Today Online reported that 330 employees were granted various gifts, such as gold bars and Rolex watches, during the company's annual dinner and dance on Monday (March 6).

As per the report, 98 employees who served the company for more than a decade received Rolex watches that were procured from authorised dealers.

Another 255 staff members who served the company between five and nine years received gold bars, according to the report.

Those who worked for the operator between five and seven years received gold bars weighing 2.5g, while those who worked for eight and nine years received gold bars weighing 5g. Each 2.5g gold bars has a value of around $240, according to Today Online, while the 5g gold bars are worth $450 each.

Meanwhile, eight employees who have been working for Paradise Group for 15 years will receive travel vouchers worth $5,000, Today Online reported. These staff members have also received their own Rolex watches during their 10th year with the organisation.

The company's act of gift-giving coincided with its 14th anniversary celebration held at the Marina Bay Sands Grand Ballroom, which cost $2 million, The Straits Times reported.

Several participants of the event posted the celebration on social media, where employees can be seen lining up to receive their Rolex watches.

While the Paradise Group is on its 14th year, it opened its first outlet Seafood Paradise as early as 2002. Now, it has over 1,300 employees and partners and is operating well-known F&B brands such as Taste Paradise, Paradise Dynasty, KungFu Paradise, among others.

Rewarding employees

Reports of luxurious gifts to employees has been happening across the world over the past years for various reasons, from loyalty to company milestones.

In India, five loyal employees of tech firm KissFlow Inc. received BMW 530d cars in the company's 10th year in 2022. In Australia, 41 lucky employees of Hancock Prospecting received a cash bonus of $100,000 as the company's executive chairperson Gina Rinehart marks her 41st year with the firm.

In the US, underwear company Spanx rewarded each employee with two first-class plane tickets to anywhere in the world in 2021, in addition to a $10,000 bonus, as the organisation celebrated a $1.2-billion deal with Blackstone. 

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