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Golden Hello

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Golden hello
A bonus a securities firm pays to attract an employee from a competing firm.

Golden Hello
A large signing bonus that a securities company such as a brokerage or a hedge fund pays to an employee that it "steals" from a competitor. The golden hello exists to entice the employee to change jobs. The company pays a golden hello when it believes that the employee will be a valuable resource for the company and, perhaps more importantly, his loss to the other company will create a competitive disadvantage.


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Foxley added: "We have a menu of incentives, so that if you are a young person going to teacher training college to do Gaelic teaching, you'll know you'll get a golden hello, some assistance with housing and help with your professional development.
The golden hello will spark fury among staff, shareholders and customers coming so soon after RBS's near collapse in October when it was rescued with a pounds 20billion injection.
NUT Cymru secretary David Evans said: 'Those young teachers who just missed out on a golden hello should at the very least now have their student loan repayment debts cancelled.
 
 
 
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