golden handcuff

Golden Handcuffs

An incentive that makes it very unlikely that an employee will leave a company. For example, an employer may offer an exceptionally good health insurance policy at a reduced cost to an employee. The term has a slightly negative connotation because some believe these incentives reduce innovation in an economy.

golden handcuff

a form of BONUS PAYMENT (cash or share allocation) made to retain key staff. Bonuses are not paid out immediately but at some set future date provided the person is still working for the firm.

golden handcuff

a ‘loyalty'bonus payment made to a director or worker of a company in order to induce him or her to remain with the business and resist attempts by other companies to be ‘poached’.

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References in periodicals archive ?

Campaign director for the Taxpayers' Alliance Robert Oxley supports the moves to get back the cash, saying Mr Prince taking on the role for nearly PS26,000 less shows the "golden handcuffs" were unnecessary.

Police chiefs face returning bonuses

He said it was a "golden carrot" rather than a "golden handcuffs" arrangement, because the directors were still free to leave.

SPAT CONTROLLERS; Union attack 'golden carrot' for rail bosses

Stacey Dooley has signed a 'golden handcuffs' deal with the BBC

Strictly winner Stacey Dooley 'signs [pounds sterling]250,000 golden handcuffs deal with BBC'; Stacey Dooley has built on her Strictly Come Dancing win by signing a deal that will mean she's exclusive to the BBC

WHEN Ant and Dec signed a golden handcuffs deal in 2016, ITV boss Kevin Lygo hit the nail on the head.

ITV knows value of this prize asset

ANT and Dec's golden handcuffs ITV deal earned them PS8.4million last year, netting them PS23,000 a day.

Wad a duo

It's no wonder the BBC are desperate to tie Turner to a "golden handcuffs" deal.

Top Gear? Poldark tops the lot

The move came after co-host PSPhillip Schofield signed a PS2million golden handcuffs deal with the channel.

On this day.. in 2009

The former chief constable, sacked for gross misconduct, was being sued by his ex-employer for PS500,000 in a bid to claw back salary and bonuses paid to him in a "golden handcuffs" deal which it claimed he should not have received in light of the scandal which led to his dismissal in 2012.

Disgraced police chief's claim settled

He is also due to receive shares worth PS19.5 million by 2018 under previous 'golden handcuffs' arrangements with the group in his previous role, to prevent him from joining rivals.

Hot Asian demand keeps trench coat firm warm

SOCIAL workers are leaving Kirklees Council - and moving to neighbouring Calderdale with a "golden handcuffs" deal.

'GOLDEN HANDCUFFS'DEAL; Kirklees social workers leaving for Calderdale

The 34-year-old actress' three-year golden handcuffs deal, which was drawn up when she was hosting the breakfast show alongside Adrian Chiles, runs out this summer.