Also found in: Financial, Idioms, Wikipedia.
special benefits offered to an employee as an inducement to continue service
Abused, Confused, & Misused Words by Mary Embree Copyright © 2007, 2013 by Mary Embree
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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.