Golden handcuffs 金手铐 A: Your brother has always talked about quitting his financier job to launch an online tour agency. B: You know, golden handcuffs are tough to break. Note: Also called golden handshakes, this term refers to a collection of financial incentives that are intended to encourage employees to remain with a company. Golden handcuffs are offered by employers to existing employees as a means of holding onto key employees and increasing employee retention rates. Examples of golden handcuffs include employee stock options that do not vest until the employee has been with the company for several years, and contractual agreements that stipulate certain bonuses or other forms of compensation must be returned to the company if the employee leaves before a certain date. Golden handcuffs as a phenomenon are relatively new, becoming popular in the 1990s coinciding with the Internet bubbles. |