Time is money: China’s Lunar New Year bonuses feel the pandemic effect

Annual bonuses are an internet phenomenon ahead of every Lunar New Year holiday in China, as companies vie to go viral with staff incentives that are the envy of all.The benefits of offering eye-catching bonuses are twofold – they raise the firms’ public profiles and help them to retain valuable staff.During the tech investment bubble of the past decade, IT companies splashed out on huge bonuses, and gifts including luxury trips abroad or expensive cars. The company lai see – the red packet of…

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