golden hello

(redirected from golden hellos)
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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.

golden hello

a large lump-sum payment made to a new employee of an organization as an inducement to join it.

golden hello

a large lump-sum payment made to a new director or worker of a company to attract him or her to join that company
References in periodicals archive ?
Coun Ruane, Coventry City Council's cabinet member for children and young people, is calling for the golden hellos to be made illegal.
Some of the funding freed up from Golden Hellos will be used to develop a national programme with NHS Education for Scotland (NES) which will support GPs wishing to return to practice.
Ms Jensen said that golden hellos tended to be a short term measure and that retention bonuses might be a better option to stop the department haemorrhaging staff.
Golden Hellos range from pounds 500 to pounds 8,000, depending on the qualifications an applicant has.
The golden hellos and golden thanks are not the only schemes we have in Wales.
A senior MoD source said: "The golden hellos are in place and they can sign up immediately.
More firms are offering graduates an annual bonus, golden hellos and share options.
Apart from golden hellos, retraining will be offered for qualified teachers and training for suitable, non-teaching Gaelic-speaking candidates.
Alison Hodgson, Chair of the Association of Graduate Recruiters, advises: "Graduates looking for golden hellos should concentrate on graduate positions in the banking sector.
Report author Tony Garthwaite of Bridgend council called on councils to end golden hellos and competitive recruitment.
The reforms, proposed by the Teacher Training Agency (TTA), also include new golden hellos worth pounds 2,500 for religious education and music teachers.
GOLDEN HELLOS to try to persuade GPs to come to Wales have cost pounds 1m, it is revealed today.