India, Dec. 21 -- A Chinese company has come up with a unique solution to attract and retain top talent - gifting flats to employees who stay with them for five years.

Zhejiang Guosheng Automobile Co Ltd, a firm that manufactures automotive fasteners, has purchased 18 flats near its campus that will be handed out as reward to employees. According to a report in The Standard, the flats were purchased two years ago, when they cost less than they do today.

The owner of the company spent over 10 million yuan (approximately Rs.12.7 crore) on acquiring the units.

A recent job posting by Zhejiang Guosheng Automobile revealed that employees who remain with the Wenzhou-headquartered company for five years will qualify for a free flat. The compa...