Singapore Air Hands Staff Eight Months’ Salary Bonus After Record Results

Zeedox

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Dec 1, 2020
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"Singapore Airlines Ltd. will pay staff a bonus of around eight months salary after posting a record annual profit, the Business Times newspaper reported.

Eligible staff will be paid a profit-sharing bonus equivalent to 6.65 months’ pay, and a maximum of 1.5 months’ salary of ex-gratia bonus in recognition of their hard work and sacrifices during the pandemic, the newspaper reported, citing a spokesperson for the airline. Senior management won’t receive the bonus, the newspaper said."

And that is how you develop employee retention and loyalty
 
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I've never heard of a more motivational plan than profit sharing.

Problem is, most business owners are so damn greedy that the thought of sharing anything at all with anybody else is repulsive.