Golden Handshake

What is Golden Handshake ?

  
‘Golden Handshake’ refers to the additional clause of benefits provided by the company to an employee who would lose their job or position in case the company is restructuring or in some cases, even retirement.
 
Golden handshakes are provided to senior level employees who the company is afraid of losing to competitors. They are also used as an additional incentive to attract talented individuals to take up leadership level roles in the organization.
 
Some examples of golden handshakes include monetary benefits, providing equities in the company as well as providing stock options for the employee. Similarly, the company might also provide additional incentives like annual international vacation packages or even additional retirement benefits apart from the ones stipulated by law.

More HR Terms

HR Manager

What is an HR Manager?   ‘HR Manager’ is an official job designation that deals with the same roles and responsibilities as the HR Generalist.

Domestic HRM

What is Domestic HRM ?    ‘Domestic HRM’ refers to the Human Resources Management done within the domestic borders of a country as opposed to

Absenteeism Policy

What is Absenteeism Policy?   An ‘Absenteeism Policy’ is a set of regulations imposed by an organization for its employees to minimize unwarranted absenteeism from

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’