golden handcuffs


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golden handcuffs

pl.n. (used with a sing. verb)
A lucrative incentive to an employee intended to discourage resignation or to ensure long-term cooperation after departure.

golden handcuffs

pl n
(Industrial Relations & HR Terms) informal payments deferred over a number of years that induce a person to stay with a particular company or in a particular job

gold′en hand′cuffs


n.pl.
a series of raises, bonuses, etc., given at specified intervals or tied to length of employment so as to keep an executive from leaving the company.
[1985–90]
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References in classic literature ?
Came then, from the back of the room a procession headed by the high dignitary whose office it was to make these two man and wife, and directly behind him a richly-clad youth bearing a silken pillow on which lay the golden handcuffs connected by a short length of chain-of-gold with which the ceremony would be concluded when the dignitary clasped a handcuff about the wrist of each symbolizing their indissoluble union in the holy bonds of wedlock.
The dignitary lifted the golden handcuffs from the pillow upon which they reposed.
KATIE Piper could take over as the host of The Great British Bake Off after she revealed that she has a two-year golden handcuffs deal with Channel 4.
ANT and Dec's golden handcuffs ITV deal earned them PS8.
The move came after co-host PSPhillip Schofield signed a PS2million golden handcuffs deal with the channel.
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.
GOLDEN HANDCUFFS Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date.
has signed a six-figure golden handcuffs deal to keep him on the cobbles until 2013.
The golden handcuffs deal, which also sees Topping's basic salary increase by pounds 60,000 to pounds 600,000, accomplished its goal of dissuading him from considering retirement, but also threatens to further alienate those investors already angry over the financial rewards enjoyed by those at the top of the business.
In the Golden Handcuffs concept, the employer is the owner, beneficiary, and the premium payer of a whole life insurance policy on a key employee's life, in which they have an insurable interest.
Simon's pounds 20m golden handcuffs deal with ITV is set to expire in December.
What I said was I felt golden handcuffs have to be put on the next Scotland manager," he said.