What Is A Golden Handcuff Agreement?

What Is A Golden Handcuff Agreement?

1 Answer

  1. To first understand what a golden handcuffs is, it is a phrase which refers to, “financial allurements and benefits that have the objective to encourage highly compensated employees to remain within a company or organization instead of moving from company to company.” It is introduced because these days it is a tough job for a company to retain their skilled and talented employees and in order to do that they have established golden handcuffs agreement. Speaking of which, a golden handcuff agreement is a contractual compulsion between an organization and employee often meant for top-level executives or highly skilled individuals. These incentives are provided so that they will encourage that individual to stay with the company. Such employees are in high demand and are likely to leave if they receive a better offer from another organization. The incentives are given on the condition that the employee must give up them if she decides to leave.

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