golden handshake


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golden handshake

n.
A lucrative severance agreement offered to an employee typically as an inducement to resign or retire.

golden handshake

n
(Industrial Relations & HR Terms) informal a sum of money, usually large, given to an employee, either on retirement in recognition of long or excellent service or as compensation for loss of employment

gold′en hand′shake


n.
a special incentive, as generous severance pay, offered as an inducement to elect early retirement.
[1955–60]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.golden handshake - a lucrative severance agreement offered to an employee (usually as an incentive to retire)
severance agreement - an agreement on the terms on which an employee will leave
Translations

golden handshake

n (Brit) → gratifica di fine servizio
References in periodicals archive ?
PESHAWAR -- The board of directors of the Khyber Pakhtunkhwa Economic Zones Development and Management Company (EZDMC) has directed one of its committees to examine the cases of more than 160 employees likely to be laid off through a golden handshake.
The Golden Handshake Award went to Economic Minister Oleg Pankratov.
Former Taita Taveta woman representative Joyce Lay said,'It is our wish that the golden handshake should be cascaded into a law to create opportunities for a more inclusive and cohesive government.'
If he bumps into Richard Scudamore in an exclusive Caribbean resort it will make for an interesting "show us your golden handshake" conversation.
Following the decision, regular employees of the commission will either be given a golden handshake or will be put in the surplus pool, while the contract employees would be sacked, a private media outlet reported.
The regular staff will either be given a golden handshake or added to the surplus pool, whereas the fate of 41 contractual employees will be decided by the provincial cabinet.
Some of the employees of the KPEC will be offer golden handshake while others will be added to the surplus pool.The provincial cabinet will subsequently decide on revising the status of 41 contractual employees.
There will be an option for the employees at the commission to receive a golden handshake while others would be added to a surplus pool.
The government led by PM KP Sharma Oli is planning to scrap the golden handshake scheme for the civil servicemen.
They said if the AKHS wanted to carry out downsising it should give its employees golden handshake incentives or provide them with pension as was done by the Aga Khan Rural Support Programme, or other institute of the Aga Khan Development Network (AKDN).
In what other vocation can you get the sack, be compensated with a golden handshake and walk into similar employment elsewhere?
considering to lay off employees nor any funds have been allocated for golden handshake scheme in the airlines, Spokesman of PIA Danyal Gillani here on Saturday said.