golden handcuff


Also found in: Dictionary, Idioms.

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’.
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.
He said it was a "golden carrot" rather than a "golden handcuffs" arrangement, because the directors were still free to leave.
WHEN Ant and Dec signed a golden handcuffs deal in 2016, ITV boss Kevin Lygo hit the nail on the head.
ANT and Dec's golden handcuffs ITV deal earned them PS8.4million last year, netting them PS23,000 a day.
It's no wonder the BBC are desperate to tie Turner to a "golden handcuffs" deal.
The move came after co-host PSPhillip Schofield signed a PS2million golden handcuffs deal with the channel.
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.
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.
SOCIAL workers are leaving Kirklees Council - and moving to neighbouring Calderdale with a "golden handcuffs" deal.
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.
A controversial "golden handcuffs" retention plan for the miner's key managers has been rejected.